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January 14, 2010
MIAMI & TOKYO, January 14, 2010 - The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic advisory firm, today announced a strategic alliance with the consulting division of the Nomura Research Institute, Ltd (NRI), a $3.5 billion company that is one of Japan's largest consultancies.
As part of the alliance, the two companies will launch a Hackett benchmarking services offering in Japan, China, Taiwan, South Korea, The Philippines, and Indonesia in 2010. The relationship provides NRI with exclusive rights to position, sell and execute Hackett benchmark services in Japan, and non-exclusive rights in the other countries. NRI has formed a dedicated Benchmark Solutions sales team to position and sell Hackett benchmarks in these geographies.
The new relationship is designed to expand Hackett's presence internationally as a global leader in enabling enterprise world-class performance. Over the past few years Hackett has very successfully established similar relationships with companies to promote its services in the Nordic region and Sub-Saharan Africa.
"NRI is a highly respected consultancy in this region, and we're very happy to partner with them as the latest move in our long-term global growth strategy," said Hackett Global Benchmark Practice Leader Anthony Snowball. "We believe that NRI will help us powerfully extend the brand awareness of Hackett into these markets, and allow us to further expand our Intellectual Property in the Asia-Pacific region. It's a very exciting move."
According to NRI Corporate Senior Vice President and Consulting Division Director Sawaaki Yamada, "A key strategy for us at present is to find new and creative ways to move beyond our traditional business areas. This partnership is an exceptional way to achieve that. Hackett's benchmarks are an unparalleled tool for companies seeking to improve operational efficiency and effectiveness, and Hackett's IP offers a wonderful foundation for many traditional consulting and transformation efforts. We're very excited about having Hackett as a partner."
NRI is one of Japan's largest consultancies, providing IT solutions and consulting services to clients throughout Asia. The company was founded in 1965 and is headquartered in Tokyo. It has more than 6,100 employees.
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies, offering digital transformation including robotic process automation and enterprise cloud application implementation. Services include business transformation, enterprise analytics, 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 and SAP practices.
The Hackett Group has completed more than 13,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 87% of the Fortune 100, 87% of the DAX 30 and 58% 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.