Huron Consulting Group Announces the Acquisition of TRILANTIC
CHICAGO, Nov 04, 2010 (BUSINESS WIRE) --
Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced the acquisition of TRILANTIC International Limited, a top e-discovery business providing best of breed technology solutions to clients in Europe and the Middle East. The purchase further enhances the Company's discovery offerings for clients globally.
"The addition of TRILANTIC bolsters our already robust document review services and Huron's streamlined e-discovery solution, V3locity," said James H. Roth, chief executive officer, Huron Consulting Group. "TRILANTIC's expertise in Europe and the Gulf region will allow us to better serve our global clients on discovery and related legal matters. We are pleased to welcome TRILANTIC to Huron's Legal Consulting team."
TRILANTIC, based in London, specializes in e-discovery services and delivers solutions to law firms and legal departments worldwide that combine IT proficiency and a detailed knowledge of the EU data protection rules. Approximately 15 employees will join the Company, including Nigel Murray who will serve as a Huron managing director. Murray began his career in legal technology and has been at the forefront of electronic document management services since the early 1990s. Murray is considered a leader in the e-discovery industry in Europe. Terms of the acquisition were not disclosed.
"We are excited about the synergies and opportunities that will come from the joining of Huron and TRILANTIC. Huron's global legal consulting clients will benefit from our reputation as an industry leader with an established operational infrastructure on several continents and our clients will equally benefit from the global reach, additional services and strategic strength that joining Huron is going to provide," said Nigel Murray, managing director and founder, TRILANTIC. "We bring our unique technical expertise and strong leadership on EU data privacy to Huron."
The TRILANTIC acquisition is the latest move that Huron has taken to strengthen its global legal consulting scope of offerings to its clients. Late last year, the Company expanded its legal consulting capabilities with the addition of H4 Partners, a U.K.-based legal consulting company focused on serving European law firms and in-house law departments of global entities.
"Huron is committed to delivering competitive, relevant and value added services to its global clients," said Shahzad Bashir, vice president, Legal Consulting at Huron Consulting Group. "The TRILANTIC addition deepens our on- and off-site ability to provide clients with seamless support throughout the entire legal discovery process, both for our U.S. headquartered clients with a sizeable international presence, as well as European based companies with large U.S. operations."
About Huron's Legal Consulting segment
Huron's Legal Consulting segment provides advisory and business services to assist law departments and law firms with their strategy, organizational design and development, operational efficiency, and cost effectiveness. These results-driven services add value to organizations by helping reduce legal spend and enhance client service. Our expertise focuses on strategic and management consulting, cost management, and technology and information management including matter management, records and discovery services. Learn more about Huron's IMPACT(TM) solution, which delivers sustainable cost reductions ranging from 15 to 40 percent, and Huron's V3locity(R) solution, which delivers streamlined e-discovery process resulting in more affordable and predictable discovery costs.
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 leading academic institutions, healthcare organizations, Fortune 500 companies, 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 results, 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," "plans," "anticipates," "assumes," "can," "considers," "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 ("SEC") investigation with respect to the restatement and the related purported private shareholder class action lawsuit and derivative lawsuits, (iii) the SEC investigation and related Company inquiry into the allocation of time within a certain practice group, and (iv) the request by the United States Attorney's Office ("USAO") for the Northern District of Illinois for certain documents. In addition, 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 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, including those in the credit markets, do not continue to deteriorate substantially. 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 anticipated results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. See "Risk Factors" in our 2009 Annual Report on Form 10-K and in our Quarterly Report on Form 10-Q for the period ended September 30, 2010 for a description of the material risks we face.
SOURCE: Huron Consulting Group Inc.
Huron Consulting Group Inc.
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