Huron Consulting Group announces acquisition of Ascertus
Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced the acquisition of Ascertus Ltd., a London-based source of software solutions and professional services for corporate legal departments and law firms. The addition strengthens Huron Legal’s technology implementation offerings for global clients by having common capabilities in both Europe and the United States.
“Legal departments and law firms are challenged to manage increasing workloads and risk profiles, while staying within budget. Cost control is complicated by the ever-changing legal and regulatory environments,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “The Ascertus acquisition will allow us to better serve our global clients, and we are pleased to welcome them to the Huron Legal team.”
Ascertus provides software implementation services to help clients effectively manage matters and documents while enhancing efficiency and productivity, controlling costs, and mitigating risks. Ascertus assists clients in diverse industries, including financial services, and will continue serving existing clients on current engagements as well as building Huron Legal’s U.K. and European presence.
Roy Russell, the founder of Ascertus, will serve as a Huron Legal managing director based in the Company’s London office. “We look forward to meeting the growing needs of Huron’s global clients by integrating with the existing Huron Legal team in the U.K.,” said Russell.
The Ascertus acquisition, terms of which were not disclosed, is Huron’s latest step toward widening the scope of Huron Legal’s offerings globally. Previously, the Company expanded its capabilities with the addition of U.K.-based TRILANTIC and H4 Partners.
“The Ascertus acquisition will bolster our offerings in Europe and enable Huron Legal to expand services related to matter management, e-billing, and document management helping clients address the challenges of the complex global legal environment. We are increasingly working with multinational corporate law departments that have attorneys on both sides of the Atlantic who need a common matter management and e-billing platform along with matter centric document management implemented with a consistent methodology,” said Shahzad Bashir, executive vice president, Huron Legal.