Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today ...
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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