October 16, 2013

The Hackett Group, Inc. Announces Preliminary Results of Its Dutch Auction Tender Offer

MIAMI, FL - October 16, 2013 - The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic business advisory and operations improvement consulting firm, today announced the preliminary results of its modified "Dutch auction" tender offer (the "Offer") to purchase up to $25 million in value of its common stock, par value $0.001 per share ("Common Stock"), which expired at 5:00 p.m., New York City time, on Tuesday, October 15, 2013.

Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the Offer, a total of 956,253 shares of Hackett's Common Stock were tendered properly and not withdrawn properly at or below the expected purchase price of $7.00 per share, including 3,881 shares that were tendered through notice of guaranteed delivery.

In accordance with the terms and conditions of the Offer, and based on the preliminary count by the depositary, Hackett expects to accept for purchase 956,253 shares of its Common Stock at a purchase price of $7.00 per share, for an aggregate cost of approximately $6.7 million, excluding fees and expenses relating to the Offer. The 956,253 shares expected to be purchased in the Offer represent approximately 3.01% percent of Hackett's currently issued and outstanding shares of Common Stock. Based on these preliminary numbers, Hackett anticipates that following settlement of the Offer, it will have approximately 30.7 million shares outstanding.

"While we are disappointed that we were unable to purchase the full $35 million of common stock we originally sought in the Offer, we appreciate the confidence our shareholders have expressed in Hackett through their desire to continue to hold their shares," commented Ted A. Fernandez, Chairman & CEO of The Hackett Group, Inc.

Stockholders who have questions may call Georgeson Inc., the information agent for the Offer, at (877) 278-9672 (toll free).


About The Hackett Group, Inc.

The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies. Services include business transformation, enterprise performance management, working capital management, and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including its award-winning Oracle EPM and SAP practices.

The Hackett Group has completed more than 11,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 86% of the Fortune 100, 87% of the DAX 30 and 52% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm's benchmarking metrics, best practices repository, and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance.

This press release contains "forward-looking statements" and involves known and unknown risks, uncertainties and other factors that may cause The Hackett Group's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that impact such forward-looking statements include, among others, the ability of our products, services, or practices mentioned in this release to deliver the desired effect, our ability to effectively integrate acquisitions into our operations, our ability to retain existing business, our ability to attract additional business, our ability to effectively market and sell our product offerings and other services, the timing of projects and the potential for contract cancellations by our customers, changes in expectations regarding the business consulting and information technology industries, our ability to attract and retain skilled employees, possible changes in collections of accounts receivable due to the bankruptcy or financial difficulties of our customers, risks of competition, price and margin trends, foreign currency fluctuations, changes in general economic conditions and interest rates and our ability to obtain debt financing through additional borrowings under an amendment to our existing credit facility, as well as other risks detailed in our reports filed with the SEC. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.