Huron Consulting Group Announces Acquisition of Ascertus

Bolsters Huron Legal’s Presence and Capabilities in the UK

CHICAGO--(BUSINESS WIRE)--Jun. 12, 2012-- Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced the acquisition of Ascertus Ltd., a London-based source of software solutions and professional services for corporate legal departments and law firms. The addition strengthens Huron Legal’s technology implementation offerings for global clients by having common capabilities in both Europe and the United States.

“Legal departments and law firms are challenged to manage increasing workloads and risk profiles, while staying within budget. Cost control is complicated by the ever-changing legal and regulatory environments,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “The Ascertus acquisition will allow us to better serve our global clients, and we are pleased to welcome them to the Huron Legal team.”

Ascertus provides software implementation services to help clients effectively manage matters and documents while enhancing efficiency and productivity, controlling costs, and mitigating risks. Ascertus assists clients in diverse industries, including financial services, and will continue serving existing clients on current engagements as well as building Huron Legal’s U.K. and European presence.

Roy Russell, the founder of Ascertus, will serve as a Huron Legal managing director based in the Company’s London office. “We look forward to meeting the growing needs of Huron’s global clients by integrating with the existing Huron Legal team in the U.K.,” said Russell.

The Ascertus acquisition, terms of which were not disclosed, is Huron’s latest step toward widening the scope of Huron Legal’s offerings globally. Previously, the Company expanded its capabilities with the addition of U.K.-based TRILANTIC and H4 Partners.

“The Ascertus acquisition will bolster our offerings in Europe and enable Huron Legal to expand services related to matter management, e-billing, and document management helping clients address the challenges of the complex global legal environment. We are increasingly working with multinational corporate law departments that have attorneys on both sides of the Atlantic who need a common matter management and e-billing platform along with matter centric document management implemented with a consistent methodology,” said Shahzad Bashir, executive vice president, Huron Legal.

About Huron Legal

Huron Legal provides advisory and business services to assist law departments and law firms to enhance organizational effectiveness and reduce legal spend. Huron Legal advises on and implements strategy, organizational design and development, outside counsel management, operational efficiency, and discovery solutions, and provides services relating to the management of matters, contracts, documents, records, digital evidence and e-discovery. Learn more at www.huronconsultinggroup.com/legal.

About Huron Consulting Group

Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, reduce costs, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, Fortune 500 companies, leading academic institutions, medium-sized businesses, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.

Statements in this press release, including the information incorporated by reference herein, 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,” “meets,” “could,” “intends,” “might,” “predicts,” “seeks,” “would,” “believes,” “estimates” or “continues”. Risks, uncertainties and assumptions that could impact the Company’s forward-looking statements relate, among other things, to (i) the restatement, (ii) the Securities and Exchange Commission investigation with respect to the restatement, and (iii) the request by the United States Attorney’s Office for the Northern District of Illinois for certain documents. In addition, these forward-looking statements reflect our current expectation about our future requirements and needs, 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 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, 2011 and in our forthcoming Quarterly Report on Form 10-Q for the period ended March 31, 2012 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.

Source: Huron Consulting Group Inc.

Huron Consulting Group Inc.
Media Contact:
Jennifer Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com
or
Investor Contact:
C. Mark Hussey
312-583-8722
investor@huronconsultinggroup.com

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