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Huron's Strategic Investment in Shorelight to Benefit Clients

Zacks Equity Research

Leading business consulting services provider Huron Consulting Group (HURN) recently announced a strategic investment in Shorelight Holdings LLC for the overall benefit of its higher education clients. Shorelight Holdings LLC is the parent company of Shorelight Education that seeks to drive institutional growth by creating new revenue streams and expanding options for students seeking the next-generation higher education experience.

Leveraging its global network of higher education operators and innovators, Shorelight funds and manages the aspirations of leading universities across the globe by assuming all start-up costs. This U.S.-based company partners with premier nonprofit universities to increase access and retention of international students and enhance the global footprint of an institution.

By collaborating with Shorelight, Huron has achieved strategic synergies for its higher education clients as they grapple with economic and competitive pressure to manage costs and enhance the quality of academic offerings amid a challenging macroeconomic environment. On the other hand, Huron’s in-depth business understanding will enable major Shorelight stakeholders to create new university resources that can be used to drive innovation for further growth. The partnership, therefore, is a win-win deal for both the participating companies.

With exhaustive analyses, 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 presently holds a Zacks Rank #1 (Strong Buy). Other notable companies in the industry that warrant a look include FTI Consulting, Inc. (FCN), NV5 Holdings, Inc. (NVEE) and Stantec Inc. (STN), each carrying a Zacks Rank #2 (Buy).

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