The Hackett Group Acquires Oracle Cloud Applications Implementer Jibe Consulting
May 09 2017 - 4:16PM
Business Wire
Acquisition Expands The Hackett Group’s
Oracle Cloud Applications Offerings To ERP and Strongly Complements
Existing Market Leading EPM Capabilities
The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it
has completed its acquisition of Jibe Consulting, Inc. a leading
management and technology consulting firm focused on implementing
Oracle Enterprise Resource Planning (ERP) and Human Capital
Management (HCM) solutions. The combined enterprise is expected to
enhance The Hackett Group’s ability to fully support clients’
Oracle Cloud Business Application implementation efforts in
finance, procurement, manufacturing, supply chain and human
capital.
Formed in 2004, Jibe has grown into a comprehensive team of
consultants that provide unique insights around leading practices
for streamlining business operations. Jibe Consulting has more than
90 consultants and is an Oracle Platinum Partner.
The acquisition builds on the best practices implementation IP
of The Hackett Group, including its ERP, Enterprise Performance
Management and Analytics (EEA) practice. The Hackett Group's
intellectual property and extensive research in business processes,
combined with its experience in implementing Oracle enterprise
applications in the cloud highly differentiates its offerings.
According to The Hackett Group’s Oracle Technology Leader Scott
McHale: “With Jibe, we believe that we now have the complete
capability and scale to address the rapidly growing Oracle cloud
applications market. We expect to use this capability to grow our
business in this rapidly emerging market opportunity as our clients
and prospective clients embrace Oracle’s cloud platform in a
meaningful way. This acquisition puts us firmly on the map as a
leading partner committed to Oracle’s cloud platform.”
Shane Moncrieff, Jibe Consulting President, explained that: “The
culture and mission of The Hackett Group are perfectly aligned with
Jibe. Both of our companies are intensely focused on helping our
clients achieve peak performance. Bringing together The Hackett
Group’s benchmarking capability and best practice insights with
Jibe’s acumen for implementing the Oracle Cloud Business
Applications will provide clients with tremendous opportunities to
streamline their processes and adopt practices that will have a
measurable impact on their business. We are excited to enhance the
Cloud ERP and HCM capability of The Hackett Group’s EEA
practice.”
According to Jason Balogh, The Hackett Group EEA Practice
Leader: “This acquisition is an extension of our ongoing strategy
to embed The Hackett Group’s intellectual property via digital
delivery vehicles, enabling clients to improve efficiency and
effectiveness with empirically-proven best practices,
configurations and on-line advisor support for their cloud
application designs and implementation. With Jibe, we believe that
our combined practice capability will escalate and expand the
development of The Hackett Group’s platforms and help clients set
performance targets with best practices, then configure Oracle
solutions to realize them. This capability is unmatched in the
market and will enable clients to implement improvements that drive
value much more quickly.”
About The Hackett Group
The Hackett Group (NASDAQ: HCKT) is an intellectual
property-based strategic consultancy and leading enterprise
benchmarking and best practices implementation firm to global
companies, offering digital transformation and enterprise
application approaches including robotic process automation and
cloud computing. Services include business transformation,
enterprise performance management, working capital management,
and global business services. The Hackett Group also provides
dedicated expertise in business strategy, operations, finance,
human capital management, strategic sourcing, procurement, and
information technology, including its award-winning Oracle EPM and
SAP practices.
The Hackett Group has completed more than 13,000 benchmarking
studies with major corporations and government agencies, including
93% of the Dow Jones Industrials, 87% of the Fortune 100, 87% of
the DAX 30 and 58% of the FTSE 100. These studies drive its Best
Practice Intelligence Center™ which includes the firm's
benchmarking metrics, best practices repository, and best practice
configuration guides and process flows, which enable The Hackett
Group’s clients and partners to achieve world-class
performance.
More information on The Hackett Group is available at:
www.thehackettgroup.com, info@thehackettgroup.com, or by calling
(770) 225-3600.
About Jibe Consulting
Jibe Consulting is a management and technology consulting firm
headquartered in Bellevue, Washington that implements and supports
Oracle solutions. Spanning nationwide, we provide service for
clients on a global scale, across a multitude of industries. Each
of Jibe’s consulting practices are organized to provide excellent
value to our clients. We deploy a proven methodology to deliver
solutions effectively and efficiently.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
and involve known and unknown risks, uncertainties and other
factors that may cause The Hackett Group's actual results,
performance or achievements to be materially different from the
results, performance or achievements expressed or implied by the
forward-looking statements. Factors that impact such
forward-looking statements include, among others, the ability of
our products, services, or offerings mentioned in this release,
including the Jibe Consulting products, services and offerings, to
deliver the desired effect, our ability to effectively integrate
the Jibe Consulting acquisition into our operations, and the
ability of The Hackett Group to market the integrated services
pertaining to Jibe Consulting’s Oracle cloud ERP implementation and
more generalized consulting services against competition from other
consulting and professional/trade associations/companies who may
have or develop in the future, similar offerings, the commercial
viability of such service offerings and changes in expectations
regarding Oracle cloud ERP implementation and generalized
consulting services, our ability to retain existing business
including Jibe clients, our ability to attract additional business
including to the Jibe Consulting solution, our ability to
effectively market and sell our product offerings and other
services including services provided by Jibe Consulting, the timing
of projects and the potential for contract cancellations by our
customers including Jibe consulting customers, changes in
expectations regarding the business consulting and information
technology industries, our ability to attract and retain skilled
employees, possible changes in collections of accounts receivable
due to the bankruptcy or financial difficulties of our customers,
risks of competition, price and margin trends, foreign currency
fluctuations, changes in general economic conditions and interest
rates, our ability to obtain debt financing through additional
borrowings under an amendment to our existing credit facility as
well as other risks detailed in our Company's Annual Report on Form
10-K for the most recent fiscal year filed with the Securities and
Exchange Commission. We undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170509006693/en/
The Hackett Group, Inc.Gary Baker, 917-796-2391Global
Communications Directorgbaker@thehackettgroup.com
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