CHICAGO – January 6, 2009 – Huron Consulting Group Inc.
(NASDAQ: HURN), a leading provider
of financial and operational consulting services, today announced it has
acquired Nextmove, a
Riyadh, Saudi Arabia-based consulting firm, to expand the Company’s Middle East
presence to
meet the increasing demand for health and education consulting services in the
region.“We are very pleased to have the Nextmove team join
Huron,” said Gary E. Holdren, chairman and
chief executive officer, Huron Consulting Group. “The acquisition expands our
Middle East
footprint, where our expertise in helping higher education institutions and
academic health centers
has already helped us gain recognition. Combining the professionals from Huron
and Nextmove
will allow us to quickly establish a scalable presence for our higher education
and healthcare
services in the strategically important Gulf region.”
Nextmove (www.nxtmove.com) was founded in 2003 by Maher
Kaddoura, who was a regional
managing partner of Accenture prior to forming the firm. Nextmove has
approximately 35
professionals with offices in Amman, Jordan and Riyadh and Jeddah, Saudi Arabia.
The company
has highly experienced personnel who have worked in a variety of industries
focusing primarily on
enabling their clients to operate more effectively in a rapidly expanding
marketplace. In conjunction
with the acquisition, Huron also opened an office in Dubai, United Arab Emirates
(UAE). Financial
terms of the acquisition were not disclosed.
“My colleagues and I are very excited about the
opportunity to join forces with Huron,” said Maher
Kaddoura, managing partner of Nextmove. “Huron has excellent people with
expertise and
capabilities that are in high demand in this region, and we look forward to
working together to
provide quality solutions to our Middle East clients.”
Huron’s Health and Education Consulting practice has been
working with U.S.-based universities
and hospitals interested in pursuing global strategies and has been advising
health and education
institutions in the Middle East that are growing to meet the increasing demands
of the developing
economies. Huron has ongoing or recently completed projects in Dubai, Abu Dhabi,
Saudi Arabia
and Oman. The acquisition of Nextmove provides a partner in the Gulf region to
continue to
expand Huron’s services to a rapidly growing client base. Learn more about
Huron’s Middle East
business at
www.huronconsultinggroup.com/MiddleEast.
“The Gulf region is experiencing rapid demands for
improved health and education. The addition of
Nextmove adds experienced personnel within the region to help us expand our
health and
education consulting services in the Middle East and to broaden the number of
industries that we
can serve with local talent,” said James H. Roth, vice president of Huron’s
Health and Education
Consulting practice.
About Huron Consulting Group
Huron Consulting Group helps clients effectively address complex challenges that
arise in
litigation, disputes, investigations, regulatory compliance, procurement,
financial distress and other
sources of significant conflict or change. The Company also helps clients
deliver superior customer
and capital market performance through integrated strategic, operational and
organizational
change. Huron provides services to a wide variety of both financially sound and
distressed
organizations, including Fortune 500 companies, medium-sized businesses, leading
academic
institutions, healthcare organizations and the law firms that represent these
various organizations.
Learn more at
www.huronconsultinggroup.com.
Statements in this press release that are not historical
in nature, including those concerning Huron
Consulting Group's current expectations about the Company's future results are
"forward-looking" statements
as defined in Section 21E of the Securities Exchange Act of 1934 and the Private
Securities Litigation
Reform Act of 1995. Forward-looking statements are identified by words such as
“may,” “should,” “expects,”
“plans,” “anticipates,” “believes,” “estimates,” or “continues.” These
forward-looking statements reflect our
current expectation about our future results, levels of activity, performance or
achievements, including
without limitation, that our business continues to grow at the current
expectations with respect to, among
other factors, utilization rates, billing rates, and 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, including those in the credit markets, do not change from
current expectations. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results,
levels of activity, performance or achievements to be materially different from
any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Therefore,
you should not place undue reliance on these forward-looking statements. Please
see “Risk Factors” in our
2007 Annual Report on Form 10-K and in our Quarterly Report on Form 10-Q for the
period ended
September 30, 2008 for a complete description of the material risks we face.
Media Contact:
Jennifer Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com
Investor Contact:
Gary L. Burge, Chief Financial Officer
312-583-8722
investor@huronconsultinggroup.com
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