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Huron Consulting Group to Acquire Threshold Consulting

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Huron Consulting Group Inc. (NASDAQ:HURN) , a leading provider of business consulting services, today announced that it has entered into an agreement to acquire the assets of Threshold Consulting, Inc. Threshold is a provider of cloud-based Software as a Service (SaaS) applications, data warehousing and business intelligence (BI) solutions, as well as customer relationship management (CRM) consulting capabilities.

“Threshold Consulting is a respected firm focused on delivering high-value capabilities,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “This acquisition will expand Huron’s offerings to the C-suite, which helps executives and institutions utilize data as a strategic asset to enhance analytics and drive improved business performance.”

Threshold’s business complements Huron’s existing enterprise performance management (EPM), BI and analytics offerings to the office of the CFO and adds deeper CIO-centric solutions including data warehousing, data modeling and information governance capabilities, while also providing an entry into Salesforce.com CRM implementation services.

Founded in 1995, Threshold combines business and technology expertise to help companies drive performance, utilizing business intelligence and customer relationship management, data architecture and integration services supported by strategic partnerships with Salesforce, Oracle, and others. Threshold is a Salesforce.com registered Silver Cloud Alliance Partner.

“We are excited to join Huron,” said Bob Patterson, chairman and CEO of Threshold Consulting. “Our teams have worked together on a number of projects, and we know that Huron’s thinking and commitment to client service are very similar to ours.”

Jay Laabs, managing director, enterprise performance management and analytics solutions, Huron Consulting Group, said, “Threshold’s consulting practice is respected for its data management, business intelligence and cloud-based platform capabilities, including Salesforce.com. The Threshold team also has hands-on experience building mobile applications integrating Salesforce.com, Oracle and other technologies. Threshold’s nearly two decades of data integration and analytics experience is a key differentiator, and they will be a seamless and powerful complement to our existing enterprise solutions, along with Huron’s other solutions.”

Huron’s enterprise performance management and analytics solutions deliver valuable process improvement, analytics, and financial and operational solutions. With expertise in full-service enterprise performance management, business intelligence and information management professional services, Huron helps clients across industries become more successful in executing their financial goals and strategies. Huron is a Platinum level member of Oracle PartnerNetwork (OPN).

The acquisition, which is subject to certain customary closing conditions, is expected to be completed in early October, and will result in more than 10 Threshold professionals joining Huron. Terms of the transaction were not disclosed. For reporting purposes, Threshold will be included in the Company’s Huron Business Advisory segment.

About Huron Consulting Group

Huron Consulting Group helps clients in diverse industries improve performance, transform the enterprise, reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth. Our professionals employ their expertise in finance, operations, strategy and technology to provide our clients with specialized analyses and customized advice and solutions that are tailored to address each client’s particular challenges and opportunities to deliver sustainable and measurable results. The Company provides consulting services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, leading academic institutions, Fortune 500 companies, governmental entities and law firms. Huron has worked with more than 425 health systems, hospitals, and academic medical centers; more than 400 corporate general counsel; and more than 350 universities and research institutions. 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 (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,” “will,” “meets,” “could,” “likely,” “intends,” “might,” “predicts,” “seeks,” “would,” “believes,” “estimates,” “plans” or “continues.” These forward-looking statements reflect our current expectations about our future requirements and needs, results, levels of activity, performance, or achievements, including, without limitation, 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, 2013, 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.

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