Huron Consulting Group Closes Acquisition of ADI Strategies

CHICAGO--()--Huron Consulting Group (NASDAQ: HURN), a leading provider of business consulting services, today completed its acquisition of the U.S. assets of ADI Strategies, Inc. This is the first of two related transactions that will create one of the largest and fastest-growing Oracle application and analytics practices and allow the combined businesses to deliver the latest advisory and technology consulting services to a broader client base.

On April 26, 2016, Huron announced that it is also in the process of acquiring the international assets of ADI Strategies in Dubai and India. An agreement for the purchase of these assets is expected to be signed in the second quarter of 2016.

San Francisco-based ADI Strategies is an Oracle Platinum Partner that helps companies in diverse industries work more effectively by designing, building and implementing analytic solutions to give them a greater understanding of their information assets.

For reporting purposes, ADI Strategies will be included in the Huron Business Advisory segment. Terms of the U.S. asset acquisition were not disclosed.

About Huron Consulting Group

Huron is a global professional services firm focused on assisting clients with their most complex business issues by delivering high-value, quality solutions to support their long-term strategic objectives. Huron specializes in serving clients in the healthcare, higher education, life sciences, and commercial sectors as these organizations face significant transformational change and regulatory or economic pressures in dynamic market environments. With its deep industry and technical expertise, Huron provides advisory, consulting, technology, and analytic solutions to deliver sustainable and measurable results. 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, 2015 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.

Contacts

Huron Consulting Group
Media Contact:
Jenna Nichols
312-880-5693
jnichols@huronconsultinggroup.com
or
Investor Contact:
C. Mark Hussey
or
John D. Kelly
312-583-8722
investor@huronconsultinggroup.com

Release Summary

Huron Consulting Group (NASDAQ: HURN), a leading provider of business consulting services, today completed its acquisition of the U.S. assets of ADI Strategies, Inc.

Contacts

Huron Consulting Group
Media Contact:
Jenna Nichols
312-880-5693
jnichols@huronconsultinggroup.com
or
Investor Contact:
C. Mark Hussey
or
John D. Kelly
312-583-8722
investor@huronconsultinggroup.com