Founded in 2002, the Huron Consulting Group, commonly known as simply Huron, is a global management consulting company offering services to the Healthcare, Higher Education, Life Sciences, and Commercial industries. In fiscal year ending December 31, 2015, Huron generated $699 million in annual revenue.
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History
Huron was founded in May 2002 in Chicago, Illinois. The company's initial employees included former consultants from Arthur Andersen, including 25 partners and 250 other professionals. As of 2014, Huron had more than 2,600 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.
Recent Acquisitions
HSM
On July 27, 2016, Huron acquired Healthcare Services Management, Inc. (HSM), a healthcare information technology consultant whose clients include Allscripts, Athenahealth, Cerner and Epic Systems.
ADI Strategies
On May 20, 2016, Huron acquired ADI Strategies, Inc., an enterprise performance management and business intelligence firm that has been recognized as an Oracle Platinum Partner.
MyRounding
On February 2, 2016 Huron acquired MyRounding, a firm specializing in digital health solutions to improve patient care.
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 consulting, cloud-based software as a service applications, business intelligence solutions and data warehousing.
Vonlay LLC
On May 5, 2014 Huron acquired Vonlay, LLC, a healthcare technology consulting firm specializing in clinical, administrative and financial system implementation and optimization.
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 supporting enterprise performance management, information management and business intelligence solutions. 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 solutions 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 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 has 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.
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Recognition
- Huron was named one of Forbes America's Best Employers for 2015 and 2016.
- Huron was named one of Consulting magazine's Best Firms to Work For in 2011, 2012, 2013, 2014, 2015 and 2016.
- Huron received Consulting magazine's Excellence in Social & Community Investment Award in 2014, 2015 and 2016.
- Consulting Magazine named Gordon Mountford, executive vice president, Huron Healthcare as one of the Top 25 Most Influential Consultants in 2014.
- Consulting Magazine named Laura Yaeger, founding member and leader of Huron Consulting Group's Education and Life Sciences practice, as one of the Top 25 Consultants in 2015.
- Consulting Magazine named Dr. Andrew Ziskind, managing director and Clinical solutions leader, Huron Healthcare as one of the Top 25 Most Influential Consultants in 2013.
- Consulting Magazine named James H. Roth, CEO and President, as one of the Top 25 Most Influential Consultants in 2009 and 2011.
- The Turnaround Management Association (TMA) recognized Huron as one of the winners of the 2013 TMA Turnaround and Transaction of the Year Awards. Huron Financial was honored for its turnaround of Bancroft Bag, Inc.
- Huron Healthcare was ranked in the top five of Modern Healthcare's Largest Healthcare Management Consulting Firms for the past 10 years.
- Huron was named a 2013 and 2014 Top Workplace by The Oregonian.
- Huron was named a 2013 and 2014 Top Workplace by the Chicago Tribune.
- Huron's ecrt, Click and efacs were selected as Readers' Choice Top Products by University Business in 2013, 2014 and 2015, respectively.
- Huron received a perfect score on the Human Rights Foundation's Corporate Equality Index in 2014, 2015, 2016 and 2017.
- Ernst & Young, LLP. named Gary Holdren, CEO & President, as Illinois Entrepreneur Of The Year for Business Services in 2004.
References
External links
- Official website
Source of article : Wikipedia
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