Company Enhances Salesforce.com
Capabilities
Huron Consulting Group (NASDAQ: HURN), a leading provider of
business consulting services, today announced that it has entered
into an agreement to acquire Cloud62, a fast-growing firm
specializing in complex Salesforce.com implementations and related
cloud-based applications. The addition of Cloud62 will expand
Huron’s Salesforce.com offerings to clients across multiple
industries, including healthcare, higher education, manufacturing,
retail and financial services.
“Cloud62 is an innovative partner in the Salesforce ecosystem,”
said Jay Laabs, managing director and practice leader of Huron
Consulting Group’s Enterprise Performance Management &
Analytics practice. “The addition of the Cloud62 team will enhance
Huron’s capabilities in a number of areas, but particularly in
engaging our clients’ customers through the Salesforce
platform.”
Cloud62 is based in Buffalo, N.Y., and is led by Raj Suchak, who
founded the company in 2011. Suchak will join Huron as a managing
director.
“We are pleased to join forces with the highly respected team at
Huron. Together, we can assist companies in leveraging data within
their enterprise to enhance customer experience—a priority in
today’s competitive marketplace,” said Suchak. “Cloud62’s
understanding of Salesforce combined with Huron’s industry
expertise and analytics services will allow us to better serve our
clients.”
For reporting purposes, Cloud62 will be included in the Huron
Business Advisory segment, which includes the EPM & Analytics
practice. Terms of the acquisition, which is expected to close in
October 2015, 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 Cloud62, additional
factors that could cause actual results to differ materially from
the forward-looking statements contained herein include, among
others: the occurrence of any event, change or other circumstances
that could give rise to the termination of the purchase agreement
entered into with Cloud62; the ability to satisfy all conditions to
completion of the acquisition of Cloud62 and complete the proposed
acquisition; our ability to successfully integrate Cloud62 and to
achieve expected benefits; failure to retain employees of Cloud62;
and the disruption of management's attention from our ongoing
business operations due to the acquisition of Cloud62.
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/20150914005296/en/
Huron Consulting GroupMedia Contact:Jenna Nichols,
312-880-5693jnichols@huronconsultinggroup.comorInvestor
Contact:C. Mark Hussey or John Kelly,
312-583-8722investor@huronconsultinggroup.com
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