October 21, 2009

Hackett Announces Strategic Alliance With South Africa's IQ Business Group

  • Extends Hackett's Global Reach to Cover South Africa

ATLANTA & LONDON, October 21, 2009 - The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic advisory firm, today announced a strategic alliance with South Africa's IQ Business Group. The alliance will extend Hackett's global reach to cover all of Sub-Saharan Africa, and enhance its ability to offer industry-leading benchmarking and business advisory programs to organizations in these markets.

The new relationship, through which the IQ Business Group will position Hackett benchmarking and advisory services as a regional partner, is designed to expand Hackett's presence internationally as a global leader in enabling world-class performance. Over the past few years Hackett has very successfully established similar relationships with X-lence Group AS for the Nordic Region and LNH, based in Seoul, South Korea.

The IQ Business Group is a global provider of practical business solutions, utilizing seasoned expertise and innovative tools to maximize operational and technological efficiencies.

According to Hackett Chairman and CEO Ted A. Fernandez, "We continue to see a great opportunity to expand internationally. The alliance with the IQ Business Group will allow us to bring our benchmarking and best practice implementation insight to a new market. They are a proven consulting partner to some of the largest companies operating in their region which will strongly enhance our joint value proposition."

IQ Business Global Group CEO Dirk Ackerman added, "Hackett's brand commands tremendous respect in the marketplace, and its empirically-driven approach is unique in its ability to drive efficiency and effectiveness in Finance, IT, Procurement, HR, and other areas. We believe Hackett's offerings will be very attractive to our clients, and to other businesses throughout the region."

About The IQ Business Group

The IQ Business Group combines strategic, operational and technical expertise with proven methodologies and approaches to make businesses more efficient.

We pride ourselves in our practical experience, aligning people, technology and processes. We deliver and implement solutions to the financial services, employee benefits, healthcare, government and telecommunications industries utilizing a full range of skill sets.

Set apart by our pragmatic delivery terms, our success is attributed to our ability to evolve and align value propositions with industry dynamics. IQ directs intellectual muscle at the business process and technology layers to unlock value for clients.

Founded in 1998, The IQ Business Group has global offices in United States, Europe and Australia.

About The Hackett Group

The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic advisory firm, is a leader in best practice advisory, benchmarking, and transformation consulting services, including shared services, offshoring and outsourcing advice. Utilizing best practices and implementation insights from more than 4,000 benchmarking engagements, executives use Hackett's empirically based approach to quickly define and prioritize initiatives to enable world-class performance. Through its REL brand, Hackett offers working capital solutions focused on delivering significant cash flow improvements. Through its Hackett Technology Solutions group, Hackett offers business application consulting services that helps maximize returns on IT investments. Hackett has worked with 2,700 major corporations and government agencies, including 97% of the Dow Jones Industrials, 73% of the Fortune 100, 73% of the DAX 30 and 45% of the FTSE 100.

Founded in 1991, The Hackett Group was acquired by Answerthink, Inc. in 1997. Answerthink was renamed The Hackett Group, Inc. in 2008. The Hackett Group has global offices in the United States, Europe and Asia/Pacific.

Media Relations

Media relations inquiries about The Hackett Group should be directed to Gary Baker, Communications Director at gbaker@thehackettgroup.com or +1 917 796 2391.