Huron Consulting Group, commonly known as Huron, is a
management consulting
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultan ...
firm offering services to the
Healthcare,
Life Sciences,
Commercial
Commercial may refer to:
* a dose of advertising conveyed through media (such as - for example - radio or television)
** Radio advertisement
** Television advertisement
* (adjective for:) commerce, a system of voluntary exchange of products and s ...
, and
Higher Education
Higher education is tertiary education leading to award of an academic degree. Higher education, also called post-secondary education, third-level or tertiary education, is an optional final stage of formal learning that occurs after comple ...
industries.
History
Huron (etymologically from
Lake Huron) was founded in May 2002 in
Chicago
(''City in a Garden''); I Will
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,
Illinois
Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Rockf ...
. As of 2019, Huron had more than 3,700 employees.
In May 2004, Huron filed a registration statement with the
Securities and Exchange Commission (SEC) relating to the initial public offering of its common stock.
Huron Consulting Group Inc., the holding company, became a public company trading common stock on the NASDAQ Global Select Market exchange under the ticker "HURN" in October 2004.
The firm’s headquarters are in
Chicago
(''City in a Garden''); I Will
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and it has 25 global locations across
North America,
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...
and
Asia Pacific
Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Isla ...
. In fiscal year ending December 31, 2019, Huron generated $876.8 million in annual revenue.
Recent acquisitions
AIMDATA
On January 18, 2022, Huron acquired AIMDATA, LLC, a enterprise information data consulting firm who specialize in Boomi.
Pope Woodhead & Associates
On January 9, 2017, Huron acquired Pope Woodhead & Associates, a UK-based life sciences firm.
HSM
On July 27, 2016, Huron acquired Healthcare Services Management, Inc. (HSM), a healthcare information technology consultant.
ADI Strategies
On May 20, 2016, Huron acquired ADI Strategies, Inc., an enterprise performance management and business intelligence firm.
MyRounding
On February 2, 2016 Huron acquired MyRounding, a firm specializing in digital health products.
Cloud62
On October 1, 2015 Huron acquired Cloud62, a firm specializing in complex Salesforce.com implementations and related cloud-based applications
Rittman Mead India
On July 1, 2015, Huron acquired the India affiliate of Rittman Mead Consulting Ltd., Rittman Mead India, a data and analytics consulting firm that specializes in the implementation of
enterprise performance management and
analytics systems.
Studer Group
On Feb. 13, 2015, Huron acquired Studer Group, a professional services firm that consults with healthcare providers on clinical outcomes and financial results.
Sky Analytics
On Jan. 8, 2015, Huron acquired Sky Analytics, a Massachusetts-based provider of legal software for corporate law departments.
Threshold Consulting, Inc.
On Oct. 2, 2014, Huron acquired Threshold Consulting, Inc., a consulting firm that provides
customer relationship management
Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study big data, large amounts of information.
CRM systems data collectio ...
consulting, cloud-based
software as a service
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software.
SaaS is con ...
applications,
business intelligence
Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis and management of business information. Common functions of business intelligence technologies include reporting, online analytical p ...
tools and
data warehousing
In computing, a data warehouse (DW or DWH), also known as an enterprise data warehouse (EDW), is a system used for reporting and data analysis and is considered a core component of business intelligence. DWs are central repositories of integr ...
.
Vonlay LLC
On May 5, 2014 Huron acquired Vonlay, LLC, a healthcare technology consulting firm.
Frankel Group
On January 7, 2014 Huron acquired The Frankel Group Associates LLC, a
life sciences consulting firm.
Blue Stone International
On September 20, 2013, Huron acquired Blue Stone International, LLC, a provider of
Oracle Corporation professional services. Under the terms of the agreement, Huron will acquire the assets of Blue Stone for $30 million in cash.
Click Commerce
Huron acquired
Click Commerce, a supplier of software-based applications and professional services to academic medical centers and research institutions. Terms of the acquisition were not disclosed.
Revenue
Financial restatement
On July 31, 2009, Huron announced that the company would restate its financial statements for 2006, 2007, 2008, and first quarter 2009.
That same day, Huron announced the resignation of its chairman of the board and
CEO Gary Holdren,
CFO
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
Gary Burge, and that Chief Accounting Officer Wayne Lipski would soon be departing.
The company also announced that James H. Roth, a founder of the company, would be Huron's new
CEO. The following business day - August 3, 2009 - Huron's shares dropped 69 percent to $13.69.
The company had reported that shareholders of four Huron business acquisitions, acquired between 2005 and 2007, conditionally redistributed portions of their initial and future acquisition-related payments among themselves and to certain Huron employees without Huron's knowledge or permission. The issue was initially identified by the Chief Accounting Officer/Controller, Wayne Lipski.
On July 19, 2012, Huron announced it had reached a final settlement with the U.S. Securities and Exchange Commission (SEC) resolving the previously disclosed SEC investigation into the Company's August 2009 restatement of its financial statements for the years ended 2006, 2007 and 2008 and the first quarter of 2009. The Company agreed to the settlement without admitting or denying the SEC's findings.
References
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Companies based in Chicago
International management consulting firms
Consulting firms established in 2002
Management consulting firms of the United States
American companies established in 2002
2002 establishments in Illinois