Tuesday, November 2, 2010

Huron Consulting Group Announces the Acquisition of Click Commerce

Huron Consulting Group Inc., a leading provider of business consulting services, today announced the acquisition of Click Commerce, Inc., a provider of software-based solutions and professional services to leading academic medical centers and research institutions. The purchase further enhances the Company's higher education and healthcare research technology solutions for clients in the business of research.

"The addition of Click expands our research technology footprint and enhances our ability to provide our academic medical center and research institution clients with proven technology solutions," said James H. Roth, chief executive officer, Huron Consulting Group. "Click's software expertise and their extensive knowledge of our health and education market will provide Huron's clients with decades of experience and the tools they need to improve the management of basic research and clinical trials."

Click Commerce, based in Beaverton, Ore., focuses on software solutions for research administration and compliance. They have a track record of successfully implementing grant management and regulatory compliance projects of significant scale and complexity at leading research institutions, academic medical centers and hospitals. Click Commerce's eResearch Portal is designed to unify multiple research-related business processes into an integrated, comprehensive electronic solution. They are a leader in large-scale deployments with a client list that includes many of the largest National Institutes of Health (NIH)-funded research institutions.

Click Commerce's approximately 60 employees will join Huron's Higher Education practice, including Nick Stier, Gary Raetz, and Gary Whitney, who will serve as Huron managing directors. Terms of the acquisition were not disclosed.

"The alignment of Huron's and Click's products and services couldn't be better," said Nick Stier, president of Click Commerce, Inc. "We have had the opportunity to work together on shared-client projects in the past, and we know that our complementary skills create very powerful and innovative solutions. Together, we will have a clear path to provide customers with even more significant regulatory and administrative benefits than was possible in the past."

Research institutions are faced with unique business, research administration and compliance requirements. The acquisition expands Huron's platform for future development of software and service products aimed at higher education and healthcare institutions. The Huron-Click combination provides clients with premier software products coupled with a market leading service provider in areas such as grant administration, IRB (Institutional Review Board), IACUC (Institutional Animal Care and Use Committee), COI (Conflict of Interest) management, and other highly regulated areas of federally funded research and complex compliance matters.

About Huron's Health and Education Consulting Segment

The Company is a leader in helping healthcare, higher education, and pharmaceutical and medical device companies respond to increasing financial and regulatory challenges. Its Health and Education Consulting segment accounted for nearly 60% of the Company's revenues for the full year 2009. Within this segment, Wellspring+Stockamp, Huron Healthcare assists hospital and health system clients in providing solutions that improve quality, increase revenue, reduce expenses, and increase physician, patient, and employee satisfaction across the healthcare enterprise. Modern Healthcare ranked Huron third on its 2010 list of the top 15 largest healthcare management consulting firms. Huron's Higher Education professionals have served as trusted business advisors for more than 85 of the top 100 research universities and academic medical centers, helping them respond to the significant financial and regulatory pressures facing the industry.

About Huron Consulting Group

Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, reduce costs, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including leading academic institutions, healthcare organizations, Fortune 500 companies, medium-sized businesses, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.

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