Huron acquires student enrollment consulting firm Whiteboard Higher Education
Acquisition Expands Company’s Student Enrollment, Financial Aid Strategy, and Higher Education Analytical Capabilities
CHICAGO, December 02, 2021– (BUSINESS WIRE) – Global professional services firm Huron (NASDAQ: HURN) today announced the acquisition of Whiteboard Higher Education, a leading student enrollment consulting company that helps colleges and universities in their recruitment initiatives and financial aid strategies. With the addition of Whiteboard, Huron expands its ability to help institutions engage and attract students while being competitive in a rapidly changing environment. Together, Huron and Whiteboard will provide a full suite of functionality, including strategy, student finding, pricing, recruiting and retention solutions, to enable institutions to meet their annual student enrollment goals.
“Colleges and universities must apply innovative enrollment strategies to attract and retain high quality and diverse student populations and strengthen their financial position,” said James H. Roth, CEO of Huron. “Together, Huron and Whiteboard will help institutions meet their enrollment goals through tailored recruiting campaigns and dynamic performance strategies. . “
The combination of Whiteboard’s recruitment and awareness campaigns, retention solutions, pricing analysis and strategy offerings and Huron’s academic portfolio, strategic enrollment and financial aid strategy capabilities will connect students to institutions that best meet their needs. Whiteboard’s financial aid services and analytics suite help institutions strategically price tuition, effectively target grants, and facilitate long-term planning.
“Huron shares our passion for helping higher education institutions succeed, and I am proud of the joint success we have achieved through our collaboration in the marketplace over the past few years,” said Pat O’Brien, Founder and president of Whiteboard Higher Education. “Our combined capabilities and deep client relationships enhance our ability to reach even more institutions in the pursuit of their mission with a focus on student success.”
The entire Whiteboard team will join Huron. Whiteboard will be included in the Huron Education business segment. Terms of the acquisition, which closed today, were not disclosed.
Huron is a global consulting firm that works with clients to drive strategic growth, drive innovation, and adapt to constant change. Through a combination of strategy, expertise and creativity, we help our clients accelerate their operational, digital and cultural transformation, enabling the change they need to take ownership of their future. By embracing diverse perspectives, encouraging new ideas, and challenging the status quo, we create lasting results for the organizations we serve. Learn more at www.huronconsultinggroup.com.
Statements in this press release that are not historical in nature, including those regarding the Company’s current expectations regarding its future results, are “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as “may”, “should”, “expects”, “provides”, “expects”, “ ,, meet “,” could “,” probably “,” intends “,” could “,” foresees “,” seeks “,” would “,” believes “,” estimates “,” plans “,” continues ”,“ gives advice, ”or“ outlook ”or similar expressions. These forward-looking statements reflect the Company’s current expectations regarding future requirements and needs, results, standards. activity, performance or achievements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, but are not limited to: the impact of the COVID-19 pandemic on the economy, our customers and demand of our customers for our services, and our ability to sell and provide services, including actions taken by government authorities and businesses in response to the pandemic, which may cause or contribute to other risks and uncertainties to which we are confronted; failure to meet usage rates, billing rates and the expected number of revenue generating professionals; the inability to expand or adjust our service offerings in response to market demands; our dependence on the renewal of customer services; reliance on new business and retention of existing customers and qualified staff; the inability to maintain relationships with third party vendors and strategic alliances; the inability to license technology to third parties and third parties; goodwill impairment; various factors related to income taxes and others; the difficulties in successfully integrating the businesses we acquire and obtaining the expected benefits of these acquisitions; risks related to confidentiality, information security and related laws and standards; and a general slowdown in market conditions. These forward-looking statements involve known and unknown risks, uncertainties and other factors, including, but not limited to, those described under “1A. Risk Factors ”in Huron’s Annual Report on Form 10-K for the year ended December 31, 2020, which may cause actual results, activity levels, performance or achievements to differ materially from the results, levels activity, performance or anticipated achievements expressed or implied by these forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statement as a result of new information or future events, or for any other reason.
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John D. Kelly