November 07, 2017
The Hackett Group Launches the Hackett Institute; Hackett Also Announces Acquisition of CIMA’s Interest In the Certified GBS Professionals Certification Program
Initial Institute Offerings Focus on Professional Education For Global Business Services & Enterprise Analytics
MIAMI & LONDON, November 7, 2017 – The Hackett Group, Inc. (NASDAQ: HCKT) today announced the launch of The Hackett Institute, offering professional education programs informed by The Hackett Group’s unmatched intellectual property derived from its benchmarking data, proprietary research and Best Practices Intelligence Center™.
Flagship offerings of the Hackett Institute include programs for Certified GBS Professionals (CGBSP) and Certified Enterprise Analytics Professionals (CEAP). These offerings rely on a next-generation e-learning platform that integrates audio, video, graphics, text, and other multimedia elements to address the needs and expectations of today’s corporate learners. The platform is designed to be easily accessed from a variety of devices, including desktop computers, tablets, and smart phones. Computer-based test exams by chapter will be fully integrated into the e-learning system.
Concurrent with the launch of the Hackett Institute, The Hackett Group announced that it has acquired the interest of The Chartered Institute of Management Accountants (CIMA) in its CGBSP program, which the two organizations launched as a joint project in 2015. CGBSP is a comprehensive career development system for global business services (GBS), shared services and business process outsourcing (BPO) professionals offering three levels of certification, for entry-level associates, operational team leaders and senior management. More than 150 organizations from over 27 countries are already engaged in offering certification to their GBS, shared services or BPO staff through the CGBSP program.
Analytics Foundation Course Now Available
With the launch of The Hackett Institute, The Hackett Group has also made available Analytics Foundations, the first course in its Certified Enterprise Analytics Professionals (CEAP) program. The Analytics Foundation course is designed for professionals from a broad array of corporate disciplines, including finance, procurement and supply chain, global business services, manufacturing, sales and marketing and human resources.
The CEAP program is a comprehensive training and certification offering designed to enable professionals across the enterprise to improve their mastery of the analytics techniques and tools necessary to effectively analyze, predict and influence business performance. It will include three levels of learning and certification: a certification designation encompassing Analytics Foundations and another core course; a diploma requiring intermediate-level courses; and an advanced diploma requiring in-depth analytics coursework.
“Our goal with The Hackett Institute is to offer a turnkey training solution that enables companies to use the renowned intellectual property of The Hackett Group to drive professional development,” said Ted A. Fernandez, Chairman & CEO of The Hackett Group. “Our offerings will enhance the knowledge and capabilities of business professionals, helping them journey from the fundamentals through mastery across a wide range of subject matter areas. We believe The Hackett Institute is a powerful new way for companies to benefit from the empirically-driven insights we are uniquely positioned to provide.”
About The Hackett Group, Inc.
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation 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 16,500 benchmarking studies studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 89% of the Fortune 100, 83% of the DAX 30 and 57% 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 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 included without limitation, the ability of Hackett to effectively market The Hackett Institute, the CGBSP and CEAP flagship programs and their related coursework and certificates as well as any future offerings, against competition from other consulting and professional/trade associations/companies who may have or develop in the future, similar offerings, the commercial viability of The Hackett Institute, the CGBSP and CEAP flagship programs and other future offerings, changes in expectations regarding global business services and shared service centres, acceptance of online learning platforms and certifications in general, the ability of Hackett to attract skilled employees, changes in collections of accounts receivable, risk of competition, price and margin trends, changes in general economic conditions and interests rates as well as other risk detailed in Hackett’s reports filed with the United States Securities and Exchange Commission. Hackett does not undertake any duty to update this release or any forward looking statements contained herein.