June 22, 2015

The Hackett Group Teams with Oracle to Offer Hackett Performance Exchange on Oracle Business Intelligence Cloud Service

  • Offering Integrates The Hackett Group's World Class Performance Metrics With Latest Oracle Business Intelligence Cloud Platform

MIAMI & LONDON, June 22, 2015 - The Hackett Group, Inc. (Nasdaq: HCKT) today announced plans to team up with Oracle to offer its new cloud-based Hackett Performance Exchange ("HPE") leveraging Oracle's Business Intelligence Cloud Service ("BICS") Platform.

The pairing creates a comprehensive performance analytics offering in the cloud, combining a business intelligence platform and comparative performance metrics with peer group and world class data.

The Hackett Performance Exchange is a cloud-based solution that automatically extracts key performance metrics monthly directly from leading ERP and presents that information on a process-level dashboard, alongside both peer and world-class performance metrics. Users also link directly to relevant implementation guidance from The Hackett Group's Best Practices Intelligence Center, enabling companies to more effectively drive improvement initiatives. Companies can analyze cycle time, automation, effectiveness, and volume-based metrics, review trending, and drill down to look at detailed comparisons between business units or regions.

Based on Oracle's proven BI Cloud platform, the Hackett Performance Exchange is optimized for the cloud and is designed to help empower users to quantify and evaluate performance and business process improvement opportunities while speeding the path to operational excellence. This service offering draws on the distinct strengths of each company: Oracle's big data and analytics capabilities and the power of more than 2 million regular Oracle Business Intelligence users, fused with The Hackett Group's best practices and benchmarking performance data, derived from more than 11,000 business benchmarks studies around the world comprising more than 20,000 performance metrics and more than 2,000 best practices.

"The Hackett Performance Exchange is a great example of how our clients can leverage our Business Intelligence Cloud Service to improve their analytics and business performance," stated Matt Renner, Oracle SVP BI/EPM Sales North America. "We look forward to sharing this unique performance analytics solution with our clients."

According to The Hackett Group Chairman & CEO Ted A. Fernandez. "Most of the world's leading global companies rely on The Hackett Group for benchmarking that helps them continue their drive towards world-class performance. With Oracle's help, the Hackett Performance Exchange offers a powerful and easy way for companies to track where process improvement opportunities exist monthly, by organizing performance metrics into a clean, up-to-date dashboard that offers root cause drill down. It provides companies with a new way to benefit from our unique intellectual property, and make it dramatically easier for companies to monitor end-to-end operational performance and report that performance back to the organization and stakeholders.

"Our strategy is clear. We are focused on leveraging our best practices IP and performance analytics with Oracle's new BI cloud technology," said Mr. Fernandez. "With this announcement, we are looking to the Oracle cloud as the catalyst that will enable companies to use the Hackett Performance Exchange to accelerate their journey to world-class performance."

The Hackett Group is a Platinum level member of Oracle PartnerNetwork (OPN).

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, 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.

Cautionary Statement Regarding "Forward Looking" Statements

This press release contains "forward looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or other similar phrases or variations of such words or similar expressions indicating present or future anticipated or expected occurrences or outcomes are intended to identify such forward looking statements. Forward looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company'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 may impact such forward looking statements include without limitation, the ability of Hackett and Oracle to successfully market the Hackett Performance Exchange, competition from other consulting and technology companies who may have or develop in the future similar offerings, the commercial viability of the Hackett Performance Exchange and Hackett's ability to create market acceptance for the Hackett Performance Exchange, changes in expectations regarding the information technology industry, the ability of the Company to attract skilled employees, possible changes in collections of accounts receivable, risks of competition, price and margin trends, changes in general economic conditions and interest rates as well as other risks detailed in the Hackett's reports filed with the Securities and Exchange Commission. Hackett does not undertake any duty to update this Press Release or any forward looking statements contained herein.


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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.