Huron Closes Acquisition of the International Assets of ADI Strategies, Inc.
April 03 2017 - 7:00AM
Business Wire
Transaction continues Huron’s growth in global
markets
Global professional services firm Huron (NASDAQ:HURN) today
announced that is has completed its acquisition of the assets of
ADI Strategies, Inc. in Dubai, United Arab Emirates, and Pune,
India. The second of two related transactions, the acquisition
strengthens Huron’s ability to deliver advisory and technology
services to clients in more geographic markets.
“Businesses in rapidly evolving and competitive markets have an
increasing need to achieve digital transformation and analyze large
amounts of data,” said James H. Roth, chief executive officer and
president of Huron. “The addition of ADI’s international business
expands Huron’s global reach and deepens our technology and
analytics expertise. As a result, we will be able to help more
companies use data-driven insights to improve their business
decisions and achieve their growth goals.”
Together, Huron and ADI will help companies in diverse
industries design, build and implement analytics solutions that
enable those businesses to work more effectively and gain a greater
understanding of their information assets.
Huron acquired ADI Strategies’ U.S. assets on May 2, 2016. For
reporting purposes, the international assets of ADI Strategies will
be included in the Huron Business Advisory segment. Terms of the
acquisition were not disclosed.
ABOUT HURON
Huron is a global professional services firm committed to
achieving sustainable results in partnership with its clients. The
company brings depth of expertise in strategy, technology,
operations, advisory services and analytics to drive lasting and
measurable results in the healthcare, higher education, life
sciences and commercial sectors. Through focus, passion and
collaboration, Huron provides guidance to support organizations as
they contend with the change transforming their industries and
businesses. 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,” “continues,” or
“outlook” or similar expressions. 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; difficulties in successfully integrating
the businesses we acquire and achieving expected benefits from such
acquisitions; risks relating to privacy, information security, and
related laws and standards; and a general downturn in market
conditions. 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, 2016, 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/20170403005385/en/
Huron Consulting GroupMEDIA CONTACTSarah McHugh,
312-880-2624smchugh@huronconsultinggroup.comINVESTOR
CONTACTJohn D. Kelly,
312-583-8722investor@huronconsultinggroup.com
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