Huron Consul - HURN STOCK NEWS

Huron (NASDAQ: HURN) has announced its acquisition of Unico Solution, a data strategy and technology consulting firm. This strategic move aims to enhance Huron's capabilities in data management and governance, critical for client digital transformation and cloud adoption. Over 30 Unico employees, including managing partner Vikas Punna, will join Huron. The acquisition is expected to close in February, and while the financial terms are undisclosed, it marks a significant step in bolstering Huron's service offerings in the data management sector.

Huron reported third-quarter 2020 revenues of $205.3 million, down from $219.3 million YoY, with a net income of $11.1 million. The ongoing pandemic has disrupted operations, particularly in Healthcare and Education, while boosting demand for technology advisory services. Restructuring efforts include workforce reductions impacting 145 employees and projected annual savings of $23 million to $27 million. Huron expects fourth-quarter financial results to be negatively impacted by COVID-19 and has updated its full-year revenue guidance to $835 million to $855 million.

Huron (NASDAQ: HURN) has successfully acquired ForceIQ, a partner of Salesforce Industries, strengthening its digital transformation capabilities. This acquisition aims to enhance Huron's ability to deliver exceptional customer experiences across various sectors, including financial services, energy, and the public sector. The integration of ForceIQ into Huron's Business Advisory segment is anticipated to bolster growth and market expansion opportunities.

Huron (NASDAQ: HURN) will release its third-quarter financial results for the period ending September 30, 2020, after market close on November 2, 2020. CEO James H. Roth and CFO John D. Kelly will discuss these results in a conference call at 5:00 p.m. Eastern Time on the same day. The call will be accessible via Huron's website and will be available for replay for 90 days post-webcast. The company aims to assist clients in achieving strategic growth and navigating change through innovative solutions.

Huron (NASDAQ: HURN) announced that Kelsey Coleman, director at the firm, was named one of Consulting magazine’s 2020 Rising Stars in the public sector category. Coleman's recognition comes from her work with higher education institutions, helping them align their technology systems for better student outcomes. With eight years of experience in enhancing administrative processes, she also organized a women’s leadership summit to promote female empowerment in the workplace. The award was presented during a virtual event on October 15, 2020.

Huron (NASDAQ: HURN) has announced its acquisition of ForceIQ, a Salesforce Industries partner specializing in digital transformation. This strategic move aims to enhance Huron's ability to deliver exceptional digital customer experiences. With a skilled team from ForceIQ joining Huron, the acquisition is expected to bolster growth and innovation within digital services. CEO James H. Roth emphasized that this acquisition accelerates Huron's commitment to helping clients thrive amid economic disruption. The transaction is scheduled to close in November 2020.

Huron (NASDAQ: HURN) announced that Joy Walton, managing director and founding member, has been recognized as a top leader in technology by Consulting magazine. She received the award during the Women Leaders in Technology event on September 30, 2020, for her contributions to aligning technology with the missions of universities and research institutions. Walton has 25 years of experience in navigating transformational change and is also committed to diversity and inclusion initiatives within Huron.