Acquisition Bolsters Global Footprint of
Huron’s EPM & Analytics Practice
Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider
of business consulting services, today announced that on July 1,
2015, the Company acquired the India affiliate (Rittman Mead India)
of Rittman Mead Consulting Ltd., a data and analytics consulting
firm that specializes in the implementation of enterprise
performance management (EPM) and analytics systems.
The addition of Rittman Mead India enhances Huron’s EPM and
Analytics offerings to clients on a global scale, while also
providing a local presence for clients based in India.
“The addition of the Rittman Mead India team is significant to
Huron on a number of fronts,” said Jay Laabs, managing director and
leader of Huron Consulting Group’s Enterprise Performance
Management & Analytics practice. “The team will further enhance
our core EPM skills with a platform to expand our technology depth
with a remote delivery capability. It also provides us access to
the local market in India with a recognized and respected presence.
We are pleased to welcome the Rittman Mead India team to
Huron.”
Rittman Mead India, based in Bangalore, India, is led by
Venkatakrishnan Janakiraman. As an Oracle ACE and globally
recognized speaker, Janakiraman and his team in India excel in
providing value to customers by implementing Oracle EPM and
Analytics services to solve complex business problems. Rittman Mead
India was recently named the India Oracle Business Analytics
Partner of the Year 2015.
“Huron and Rittman Mead India have a similar approach to
addressing clients’ needs,” said Janakiraman. “We are both
committed to solving clients’ business issues as well as complex
technical issues. I believe that our team in India will mesh well
with Huron’s global EPM and Analytics strategy for continued
growth.”
The acquisition will result in more than 40 executive, technical
and sales professionals joining Huron’s EPM & Analytics
practice. Janakiraman will join Huron as a managing director. For
reporting purposes, Rittman Mead India will be included in the
Huron Business Advisory segment, which includes the EPM &
Analytics practice. Rittman Mead Consulting Ltd. and its affiliates
other than Rittman Mead India were not included as part of the
transaction. Terms of the acquisition were not disclosed.
About Huron’s Enterprise Performance Management &
Analytics Practice
Huron’s Enterprise Performance Management & Analytics
practice delivers solutions that help organizations manage and
optimize their financial performance, operational efficiency, and
client experience. With expertise in full-service enterprise
performance management, business analytics, CRM, and big data
professional services, Huron helps global clients across industries
drive results and gain competitive advantage. Our comprehensive
offerings include organizational improvements and software
consulting leveraging both Cloud and on-premise configurations.
Huron is a Platinum level member of Oracle PartnerNetwork (OPN) and
a Silver level partner of the Salesforce.com partner network.
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, analytics, 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 450 health systems, hospitals, and academic
medical centers; more than 400 corporate general counsel; and more
than 400 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, 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. Some of the factors that
could cause actual results to differ materially from the
forward-looking statements contained herein include, without
limitation: failure to achieve expected utilization rates, billing
rates and the number of revenue-generating professionals; inability
to expand or adjust our service offerings in response to market
demands; our dependence on renewal of client-based services;
dependence on new business and retention of current clients and
qualified personnel; failure to maintain third-party provider
relationships and strategic alliances; inability to license
technology to and from third parties; the impairment of goodwill;
various factors related to income and other taxes; risks relating
to information security; and a general downturn in market
conditions. With respect to our acquisition of Rittman Mead India,
additional factors that could cause actual results to differ
materially from the forward-looking statements contained herein
include, among others: our ability to successfully integrate
Rittman Mead India and to achieve expected benefits; failure to
retain employees of Rittman Mead India; and the disruption of
management's attention from our ongoing business operations due to
the acquisition of Rittman Mead India.
These forward-looking 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, 2014, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150706005699/en/
Huron Consulting Group Inc.Media Contact:Jenna
Nichols312-880-5693jnichols@huronconsultinggroup.comInvestor
Contact:C. Mark
Hussey312-583-8722investor@huronconsultinggroup.com
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