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
