Huron Consulting Group Inc. (HURN), a leading provider of business consulting services, today announced that the Company has made a strategic investment in Shorelight Holdings LLC, parent company of Shorelight Education. Shorelight is the only U.S.-based company that is solely focused on partnering with leading nonprofit universities to increase access and retention of international students, boost institutional growth, and enhance an institution’s global footprint.
Shorelight Education’s current partnerships with leading higher education institutions are centered around “Academic Accelerator Programs.” These pathway programs combine English preparation, cultural transition and challenging freshman-level courses to provide academically qualified international students with a supportive foundation for their first year on-campus experience. Upon successful completion of an Academic Accelerator Program, students matriculate to the university with sophomore status, enabling them to earn an undergraduate degree in four years.
“The Shorelight offering enables universities to expand their global participation by attracting more international students, increase the diversity of the student population, and fulfill their academic mission while providing new revenue opportunities,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “Our Shorelight investment enables Huron to provide strategic synergies to our higher education clients as they face economic and competitive pressure to manage costs and enhance the quality of academic offerings. We are excited about the synergistic prospects given that Shorelight’s primary market focus has significant overlap with Huron’s existing client base.”
Tom Dretler, chief executive officer and co-founder of Shorelight Education, said, “Huron is an ideal strategic partner for Shorelight based on its deep understanding of the business and mission of higher education institutions. Our partnership will benefit all major stakeholders on campus and create new university resources that can be used to drive innovation. There is nobody better than Huron to help advise universities on where best to invest those new assets to make a real difference for students and the broader university community.”
As a result of working with Shorelight Education, universities are able to enhance the social and academic experience for domestic students and add to the perspectives and cultural experience of the international students.
Huron will participate on the board of directors of Shorelight Holdings LLC. Other terms were not disclosed.
About Huron Education
Huron Education is the premier provider serving the unique needs of the higher education industry. Our team of professionals, each with extensive knowledge and experience in the business of higher education and academic medical centers, delivers comprehensive services to the industry and partners with institutions to improve business performance across the enterprise. Our professionals draw from their experience working in the strategic, financial, operational, and regulatory aspects of higher education to develop and implement the most effective consulting and software solutions. Huron Education has helped more than 90 of the nation’s top 100 research institutions improve their performance so they can continue their traditions of extraordinary achievement. Learn more at www.huronconsultinggroup.com/highereducation or follow us on Twitter: @Huron.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve performance, transform the enterprise, reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth. Our professionals employ their expertise in finance, operations, strategy and technology to provide our clients with specialized analyses and customized advice and solutions that are tailored to address each client's particular challenges and opportunities to deliver sustainable and measurable results. The Company provides consulting services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, leading academic institutions, Fortune 500 companies, governmental entities and law firms. Huron has worked with more than 425 health systems, hospitals, and academic medical centers; more than 400 corporate general counsel; and more than 350 universities and research institutions. Learn more at www.huronconsultinggroup.com.
About Shorelight Education
Shorelight Education is a U.S.-based education company that funds and manages partnerships with universities to drive their global ambitions and expand options for students. Shorelight currently operates university partnerships in the U.S. and the UK. For more information, visit www.shorelight.com.
Statements in this press release that are not historical in nature, including those concerning the Company’s current expectations about its future requirements and needs, are “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as “may,” “should,” “expects,” “provides,” “anticipates,” “assumes,” “can,” “will,” “meets,” “could,” “likely,” “intends,” “might,” “predicts,” “seeks,” “would,” “believes,” “estimates,” “plans” or “continues.” These forward-looking statements reflect our current expectations about our future requirements and needs, results, levels of activity, performance, or achievements, including, without limitation, current expectations with respect to, among other factors, utilization rates, billing rates, and the number of revenue-generating professionals; that we are able to expand our service offerings; that we successfully integrate the businesses we acquire; and that existing market conditions continue to trend upward. These statements involve known and unknown risks, uncertainties and other factors, including, among others, those described under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2013, that may cause actual results, levels of activity, performance or achievements to be materially different from any anticipated results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. We disclaim any obligation to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.
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