Global professional services firm Huron (NASDAQ:HURN) today announced that is has completed its acquisition of the assets of ADI Strategies, Inc. in Dubai, United Arab Emirates, and Pune, India. The second of two related transactions, the acquisition strengthens Huron’s ability to deliver advisory and technology services to clients in more geographic markets.
“Businesses in rapidly evolving and competitive markets have an increasing need to achieve digital transformation and analyze large amounts of data,” said James H. Roth, chief executive officer and president of Huron. “The addition of ADI’s international business expands Huron’s global reach and deepens our technology and analytics expertise. As a result, we will be able to help more companies use data-driven insights to improve their business decisions and achieve their growth goals.”
Together, Huron and ADI will help companies in diverse industries design, build and implement analytics solutions that enable those businesses to work more effectively and gain a greater understanding of their information assets.
Huron acquired ADI Strategies’ U.S. assets on May 2, 2016. For reporting purposes, the international assets of ADI Strategies will be included in the Huron Business Advisory segment. Terms of the acquisition were not disclosed.
Huron is a global professional services firm committed to achieving sustainable results in partnership with its clients. The company brings depth of expertise in strategy, technology, operations, advisory services and analytics to drive lasting and measurable results in the healthcare, higher education, life sciences and commercial sectors. Through focus, passion and collaboration, Huron provides guidance to support organizations as they contend with the change transforming their industries and businesses. 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, 2016, 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.