Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of
business consulting services, today announced that the Company completed
its acquisition of Threshold
Consulting, Inc.
Threshold provides cloud-based Software as a Service (SaaS)
applications, data warehousing and business intelligence (BI) solutions,
as well as customer relationship management (CRM) consulting
capabilities. Threshold’s business complements Huron’s existing enterprise
performance management (EPM), BI
and analytics offerings
to the office of the CFO and adds deeper CIO-centric solutions including
data warehousing, data modeling and information governance capabilities,
while also providing an entry into Salesforce.com CRM implementation
services.
Threshold is a Salesforce.com registered Silver Cloud Alliance Partner
and Huron is a Platinum level member of Oracle PartnerNetwork (OPN).
For reporting purposes, Threshold will be included in the Company’s
Huron Business Advisory segment. Terms of the transaction were not
disclosed. For more information, please read the press release
announcing the acquisition here.
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
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 425 health systems, hospitals, and academic
medical centers; more than 400 corporate general counsel; and more than
350 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 (the “Exchange Act”) 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, including, without limitation,
current expectations with respect to, among other factors, utilization
rates, billing rates, and the number of revenue-generating
professionals; that we are able to expand our service offerings; that we
successfully integrate the businesses we acquire; and that existing
market conditions continue to trend upward. These 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, 2013, 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.
Copyright Business Wire 2014