Huron Consulting Group Inc. (NASDAQ:HURN), a leading provider of
business consulting services, today announced that it has entered
into an agreement to acquire the assets of Threshold Consulting,
Inc. Threshold is a provider of cloud-based Software as a Service
(SaaS) applications, data warehousing and business intelligence
(BI) solutions, as well as customer relationship management (CRM)
consulting capabilities.
"Threshold Consulting is a respected firm focused on delivering
high-value capabilities,” said James H. Roth, chief executive
officer and president, Huron Consulting Group. “This acquisition
will expand Huron’s offerings to the C-suite, which helps
executives and institutions utilize data as a strategic asset to
enhance analytics and drive improved business performance.”
Threshold’s business complements Huron’s existing enterprise
performance management (EPM), BI and analytics offerings to the
office of the CFO and adds deeper CIO-centric solutions including
data warehousing, data modeling and information governance
capabilities, while also providing an entry into Salesforce.com CRM
implementation services.
Founded in 1995, Threshold combines business and technology
expertise to help companies drive performance, utilizing business
intelligence and customer relationship management, data
architecture and integration services supported by strategic
partnerships with Salesforce, Oracle, and others. Threshold is a
Salesforce.com registered Silver Cloud Alliance Partner.
“We are excited to join Huron,” said Bob Patterson, chairman and
CEO of Threshold Consulting. “Our teams have worked together on a
number of projects, and we know that Huron’s thinking and
commitment to client service are very similar to ours.”
Jay Laabs, managing director, enterprise performance management
and analytics solutions, Huron Consulting Group, said,
“Threshold’s consulting practice is respected for its data
management, business intelligence and cloud-based platform
capabilities, including Salesforce.com. The Threshold team also has
hands-on experience building mobile applications integrating
Salesforce.com, Oracle and other technologies. Threshold’s nearly
two decades of data integration and analytics experience is a key
differentiator, and they will be a seamless and
powerful complement to our existing enterprise solutions,
along with Huron’s other solutions.”
Huron’s enterprise performance management and analytics
solutions deliver valuable process improvement, analytics, and
financial and operational solutions. With expertise in full-service
enterprise performance management, business intelligence and
information management professional services, Huron helps clients
across industries become more successful in executing their
financial goals and strategies. Huron is a Platinum level member of
Oracle PartnerNetwork (OPN).
The acquisition, which is subject to certain customary closing
conditions, is expected to be completed in early October, and will
result in more than 10 Threshold professionals joining Huron. Terms
of the transaction were not disclosed. For reporting purposes,
Threshold will be included in the Company’s Huron Business Advisory
segment.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries
improve performance, transform the enterprise, reduce costs,
leverage technology, process and review large amounts of complex
data, address regulatory changes, recover from distress and
stimulate growth. Our professionals employ their expertise in
finance, operations, strategy and technology to provide our clients
with specialized analyses and customized advice and solutions that
are tailored to address each client's particular challenges and
opportunities to deliver sustainable and measurable results. The
Company provides consulting services to a wide variety of both
financially sound and distressed organizations, including
healthcare organizations, leading academic institutions, Fortune
500 companies, governmental entities and law firms. Huron has
worked with more than 425 health systems, hospitals, and academic
medical centers; more than 400 corporate general counsel; and more
than 350 universities and research institutions. Learn more at
www.huronconsultinggroup.com.
Statements in this press release that are not historical in
nature, including those concerning the Company’s current
expectations about its future requirements and needs, are
“forward-looking” statements as defined in Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)
and the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are identified by words such as “may,”
“should,” “expects,” “provides,” “anticipates,” “assumes,” “can,”
“will,” “meets,” “could,” “likely,” “intends,” “might,” “predicts,”
“seeks,” “would,” “believes,” “estimates,” “plans” or “continues.”
These forward-looking statements reflect our current expectations
about our future requirements and needs, results, levels of
activity, performance, or achievements, including, without
limitation, current expectations with respect to, among other
factors, utilization rates, billing rates, and the number of
revenue-generating professionals; that we are able to expand our
service offerings; that we successfully integrate the businesses we
acquire; and that existing market conditions continue to trend
upward. These statements involve known and unknown risks,
uncertainties and other factors, including, among others, those
described under “Item 1A. Risk Factors” in our Annual Report on
Form 10-K for the year ended December 31, 2013, that may cause
actual results, levels of activity, performance or achievements to
be materially different from any anticipated results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. We disclaim any obligation to update or
revise any forward-looking statements as a result of new
information or future events, or for any other reason.
Huron Consulting GroupMedia Contact:Jennifer Frost
Hennagir312-880-3260jfrost-hennagir@huronconsultinggroup.comorInvestor
Contact:C. Mark HusseyorEllen
Wong312-583-8722investor@huronconsultinggroup.com
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