Hackett Group NewsWatch

Table of Contents: (1) 2016-2017 South Africa, Italy and Spain Strategy Consulting Rates: Monadnock Research Reports (Vol IX, No 10-12); (2) Heidrick & Struggles to Acquire Leadership Consultancy, Philosophy IB; (3) Accenture to Acquire Australian Cyber-Security Consultancy, Redcore; (4) Aon Hewitt Acquires Cammack Health; (5) Booz Allen Hamilton Closes Office in Azerbaijan; (6) Infosys to Terminate 3,000 Staff After RBS Announces Plans to Divest Williams & Glyn; (7) Consulting Leadership: Ankura, BAE, BearingPoint, KPMG, PA, Navigant, L.E.K., Huron and FTI; and (8) Thought Leadership: Korn Ferry, Deloitte, Mercer and Hackett. (3,025 words)...More

KPMG has completed its transaction to acquire the Oracle ERP practice of the Hackett Group. The predecessor strategic IT consulting operation of the Hackett Group, Answerthink, was founded in 1997 by former KPMG partners. Those principals included Hackett's current CEO Ted Fernandez, along with Ulysses Knotts, Allan Frank and David Dungan. KPMG says the transaction broadens its existing ERP capabilities, and further enhances the firm's Oracle consulting services. The professionals in the former Hackett practice have joined KPMG's Enterprise Solutions practice. Hackett exited the Oracle ERP implementation services business at the end of December 2012, but it retains the firm's Oracle Enterprise Performance Management practice. (435 words)...More

MRN - The Hackett Group had stronger than anticipated revenues and earnings for its fiscal Q1 2010, and improved its outlook for Q2. This is an early indication that demand for consulting and research services may be rebounding among mid-market firms, as we have seen among some top-performing large firms. This Research Note explores the operational results of Hackett for the first full period following the Archstone acquisition, and also examines the recently-announced accelerated settlement of its Archstone acquisition earn-out obligations under the November 2009 transaction and the recent departure of former Archstone President and CEO, Todd Lavieri. (760 words, 1 chart)...More

MR - While world-class procurement organizations continue to outperform their peers in driving supplier diversity spending, a new study by the Hackett Group identifies several critical ways that most companies fail in their supplier diversity programs. Most rely on overly simplistic measures to evaluate the progress of supplier diversity programs, and never truly assess whether programs are meeting corporate objectives. Hackett also found that most companies also fail to consider whether a few large suppliers or many smaller suppliers best supports their corporate goals. The latter finding is particularly relevant for consulting category management leaders who must balance the temptation to shift large blocks of work to larger strategic firms that might otherwise be more appropriately awarded to a large number of niche service providers whose capabilities may meet or exceed those of the larger firms on some projects and have more attractive fee structures, while helping meet the strate...More

MR - The Hackett Group (fka Answerthink) has acquired Archstone Consulting in exchange for shares of Hackett stock with a current value of approximately $20 million, including stock allocated for earn-outs and executive grants. Archstone is a leading mid-sized strategy, operations, and CFO advisory consultancy that works primarily with clients in the consumer goods, retail, manufacturing, pharmaceutical, and utility sectors. Archstone CEO, Todd Lavieri, will lead Global Industries and Strategic Account Management for Hackett. Lake Capital Chairman (and Archstone's largest shareholder), Terence M. Graunke, will join Hackett's Board. Archstone's 130+ principals and associates expand the firm's capabilities in strategy, operations, and enterprise performance management. The acquisition comes at a time when Hackett's revenues and profits have been hit hard by what it characterizes as delays in client decision-making and protracted sales cycles. Revenues for the first 9 months of 2009 are o...More

MR - Hackett Group has formed a strategic alliance with South Africa's IQ Business Group. The alliance extends Hackett's ability to offer benchmarking and business advisory programs to clients in Sub-Saharan Africa. Hackett has also signed an implementation alliance to become the preferred provider of global implementation services for Learn.com's learning and talent management suite, LearnCenter....More

Hackett Group - The world's largest companies have for the most part failed in their efforts to reduce the cost of functions such as Finance, IT, HR, and Procurement over the past year, exacerbating the impact of dramatic declines in revenue, profits, and earnings, according to new research from the Hackett Group....More

Archstone Consulting has introduced a new service offering within its CFO Advisory practice to help US government agencies develop more effective strategies to navigate the economic recovery program....More

(9 February 2009) Companies are now contemplating re-establishing domestic manufacturing operations, amid rising costs and other strategic challenges in their off-shore production models, according to a recent study by Archstone Consulting. Companies are reassessing manufacturing and supply chain strategies for today's changing global economic environment, and this trend may create significant domestic job opportunities....More

MRN - FTI Consulting, one of the firms most insulated from the global financial crisis, shocks analysts with unanticipated slow-down in business growth. Five consulting and IT services firms dominated the ranking of most admired Indian knowledge enterprises. Wipro co-CEO discusses firm's organization and strategy. Huron and Hackett Group announce financial results and operational metrics. (Research Note - subscription required)...More

MR - KPMG makes 86 U.S. Partner appointments. AON appoints EVP of corporate transactions consulting and co-lead of human capital practice. Arthur D. Little appoints global HR director. Archstone Consulting appoints new Principal. Perot Systems appoints managing directors for Asia-Pacific and EMEA operations. Beers+Cutler names new consulting partner. EDS appoints five to the post of "EDS Fellow;" Thomas Joseph Marquez, former IBMer and Ross Perot's first employee at EDS, passed away on 19 October. Global U.K.-based business services organization seeks Director of Procurement, Professional Services (salary £125k +package)...More

Over 80% of companies have implemented operational business intelligence (BI) programs, but according to a recent Archstone Consulting study, 90% of those organizations are experiencing challenges achieving program success....More