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Huron to Acquire Cloud62 for an Undisclosed Amount

Zacks Equity Research

Business consulting services provider Huron Consulting Group Inc HURN recently entered into an agreement to acquire cloud-based services based firm Cloud62 for an undisclosed amount. Cloud62 specializes in complex implementations of Salesforce.com, an online sales and services platform, which provides enterprise cloud computing applications.

The acquisition is likely to expand Huron’s Salesforce.com offerings to clients across multiple industries, including healthcare, higher education, manufacturing, retail and financial services. Cloud62 will be a part of Huron's EPM (Enterprise Performance Management) & Analytics Practice.

Expected to close in October 2015, the acquisition will enable Huron to complement Cloud62's expertise in Salesforce with its full-service enterprise performance management capabilities. In an increasingly competitive market, innovation and providing new and efficient services are the key aims of companies. Huron expects to offer solutions for leveraging data within the enterprise.  

With complimentary service offerings and operating cultures, the combined company is likely to extend its client portfolio in the near future, thereby augmenting revenues.

With in-depth analysis, customized advice and tailor-made solutions for sustainable and measurable results, Huron helps clients in diverse industries to improve performance, reduce costs, leverage technology, address regulatory changes and stimulate growth. The company offers consulting services to healthcare organizations, leading academic institutions, Fortune 500 companies, governmental entities and law firms. Huron is a Silver level partner of the Salesforce.com partner network.

Huron currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Hill International, Inc. HIL carrying a Zacks Rank #1 (Strong Buy), along with Accenture plc  ACN and The Hackett Group, Inc. HCKT, both carrying a Zacks Rank #2 (Buy).

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