January 23, 2008
NASDAQ Ticker Symbol to Change to HCKT on January 31st.
MIAMI & LONDON, January 23, 2008 - Answerthink, Inc. (NASDAQ: ANSR) today announced that it is rebranding as The Hackett Group. To celebrate the event, Chairman and CEO Ted A. Fernandez will ring the NASDAQ Stock Market opening bell at 9:30 am on Thursday, January 31, the same date that the ticker symbol will change to HCKT.
"We're proud to celebrate this major step in the transformation of our business that we started five years ago," said Mr. Fernandez. "From its inception more than 10 years ago, Answerthink has emphasized the importance of The Hackett Group's global brand and its unique best practices intellectual property. "As we exited the year, Hackett revenues approached 70% of our total revenues with about one-third of those revenues coming outside of the U.S. Given our strong global growth and the growing global recognition of our Hackett Group brand, we believe this is the right time to make this transition.
The Company has moved the Oracle and Hyperion technology consulting groups under the Hackett Technology Solutions name. The Answerthink brand will continue to be used to support the SAP practice efforts.
The Hackett Group's participation in the NASDAQ market opening will take place at 9:30 am EST on Thursday, January 31at the NASDAQ MarketSite, 4 Times Square (43rd St. & Broadway), in New York City.
The opening bell is available from 9:20 a.m. to 9:35 a.m. on Galaxy 26 - uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Robert Madden (646) 441-5045.
An audio transmission of the opening bell is also available from 9:20 a.m. to 9:35 a.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Waterfront fiber 1623 as well.
A live webcast of the NASDAQ Opening Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm. Note that this Webcam usually shows the NASDAQ Tower, but switches at about 9:20 am Eastern each day to show the NASDAQ opening bell ceremony, which begins at 9:30 am.
To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.
The Hackett Group, 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, which was renamed The Hackett Group in 2008. The Hackett Group has global offices in the United States, Europe and India and is publicly traded on the NASDAQ as HCKT.