Hackett Announces Strategic Alliance With Japan’s Nomura Research Institute
January 14 2010 - 9:30AM
Business Wire
The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic
advisory firm, today announced a strategic alliance with the
consulting division of the Nomura Research Institute, Ltd (NRI), a
$3.5 billion company that is one of Japan’s largest
consultancies.
As part of the alliance, the two companies will launch a Hackett
benchmarking services offering in Japan, China, Taiwan, South
Korea, The Philippines, and Indonesia in 2010. The relationship
provides NRI with exclusive rights to position, sell and execute
Hackett benchmark services in Japan, and non-exclusive rights in
the other countries. NRI has formed a dedicated Benchmark Solutions
sales team to position and sell Hackett benchmarks in these
geographies.
The new relationship is designed to expand Hackett’s presence
internationally as a global leader in enabling enterprise
world-class performance. Over the past few years Hackett has very
successfully established similar relationships with companies to
promote its services in the Nordic region and Sub-Saharan
Africa.
“NRI is a highly respected consultancy in this region, and we’re
very happy to partner with them as the latest move in our long-term
global growth strategy,” said Hackett Global Benchmark Practice
Leader Anthony Snowball. “We believe that NRI will help us
powerfully extend the brand awareness of Hackett into these
markets, and allow us to further expand our Intellectual Property
in the Asia-Pacific region. It’s a very exciting move.”
According to NRI Corporate Senior Vice President and Consulting
Division Director Sawaaki Yamada, “A key strategy for us at present
is to find new and creative ways to move beyond our traditional
business areas. This partnership is an exceptional way to achieve
that. Hackett’s benchmarks are an unparalleled tool for companies
seeking to improve operational efficiency and effectiveness, and
Hackett’s IP offers a wonderful foundation for many traditional
consulting and transformation efforts. We’re very excited about
having Hackett as a partner.”
About The Hackett Group
The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic
advisory firm, is a leader in best practice advisory, benchmarking,
and transformation consulting services, including shared services,
offshoring and outsourcing advice. Utilizing best practices and
implementation insights from more than 4,000 benchmarking
engagements, executives use Hackett's empirically-based approach to
quickly define and prioritize initiatives to enable world-class
performance. Through its REL brand, Hackett offers working capital
solutions focused on delivering significant cash flow improvements.
Through its Hackett Technology Solutions group, Hackett offers
business application consulting services that helps maximize
returns on IT investments. Hackett has worked with 2,700 major
corporations and government agencies, including 97% of the Dow
Jones Industrials, 73% of the Fortune 100, 73% of the DAX 30 and
45% of the FTSE 100.
Founded in 1991, The Hackett Group was acquired by Answerthink,
Inc. in 1997. Answerthink was renamed The Hackett Group, Inc. in
2008. The Hackett Group has global offices in the United States,
Europe and Asia/Pacific.
More information on The Hackett Group is available: by phone at
(770) 225-7300; by e-mail at info@thehackettgroup.com; or on the
Web at www.thehackettgroup.com.
About NRI
NRI is one of Japan's largest consultancies, providing IT
solutions and consulting services to clients throughout Asia. The
company was founded in 1965 and is headquartered in Tokyo. It has
more than 6,100 employees.
This press release contains “forward-looking statements'' within
the meaning of the Private Securities Litigation Reform Act of 1995
and involve known and unknown risks, uncertainties and other
factors that may cause Hackett’s actual results, performance or
achievements to be materially different from the results,
performance or achievements expressed or implied by the
forward-looking statements. Factors that impact such
forward-looking statements include, among others, the ability of
the alliance agreement, products, services, or practices mentioned
in this release to deliver the desired effect, our ability to
effectively integrate acquisitions into our operations, our ability
to attract additional business, our ability to effectively market
and sell our product offerings and other services, the timing of
projects and the potential for contract cancellations by our
customers, changes in expectations regarding the information
technology industry, our ability to attract and retain skilled
employees, possible changes in collections of accounts receivable,
risks of competition, price and margin trends, foreign currency
fluctuations, changes in general economic conditions and interest
rates as well as other risks detailed in the Company's Annual
Report on Form 10-K for the fiscal year ended January 2, 2009 filed
with the Securities and Exchange Commission. We undertake no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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