Company Continues to Bolster International Health and Education Services to Clients
CHICAGO--(BUSINESS WIRE)--Jan. 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."
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.
CONTACT: Huron Consulting Group
Jennifer Frost Hennagir
Gary L. Burge, Chief Financial Officer
Source: Huron Consulting Group