The Hackett Group to Ring NASDAQ Opening Bell Celebrating Acquisition of Gen AI Development Company LeewayHertz

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy, will ring the Nasdaq Stock Market Opening Bell on Friday, November 15, 2024. The event celebrates the company’s recent acquisition of Gen AI development firm LeewayHertz. This milestone marks a significant step in expanding The Hackett Group’s AI capabilities, resulting in a comprehensive end-to-end AI solution for clients – from ideation through implementation. The transaction combined The Hackett Group’s world-class intellectual property and AI XPLR™ platform with LeewayHertz’s Gen AI development capabilities and ZBrain™ platform.

Ted Fernandez, Chairman and CEO of The Hackett Group, will lead the bell-ringing ceremony at the Nasdaq MarketSite in New York City, joined by Akash Takyar, CEO of LeewayHertz, and other members of The Hackett Group’s executive team.

“This acquisition is meant to highly differentiate our consulting services and software platforms,” said Ted Fernandez, Chairman and CEO of The Hackett Group. “It significantly increases our AI implementation capabilities, and highly differentiates our AI XPLR™ ideation and evaluation platform. Integrating it with ZBrain™ will empower our clients to unlock the value of their data and result in new levels of innovation, customer experience and workflow productivity enabled by Gen AI-powered solutions.”

The Nasdaq Opening Bell Ceremony will begin at 9:20 a.m. ET. The event can be viewed live or via replay: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.

About The Hackett Group^®

The Hackett Group, Inc. (NASDAQ: HCKT) is an IP and platform-based Gen AI strategic consulting and executive advisory firm that enables Digital World Class^® performance. Using AI XPLR™ and ZBrain™ – our ideation through implementation platforms – our experienced professionals help organizations realize the power of Gen AI and achieve quantifiable breakthrough results, allowing us to be key architects of their Gen AI journey.

Our expertise is grounded in unparalleled best practices insights from benchmarking the world’s leading businesses – including 97% of the Dow Jones Industrials, 89% of the Fortune 100, 70% of the DAX 40 and 55% of the FTSE 100. Visit us at www.thehackettgroup.com.

About LeewayHertz

LeewayHertz is a provider of advanced Gen AI and blockchain solutions, specializing in scalable, enterprise-grade applications. The acquisition by The Hackett Group enhances The Hackett Group’s digital transformation offerings, particularly in AI development and advanced analytics.

Trademarks

The Hackett Group^®, quadrant logo, and Digital World Class^® are the registered marks of The Hackett Group^®.

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 include without limitation, the ability of The Hackett Group to effectively market its digital transformation, our ability to transition our capabilities to support generative artificial intelligence (AI)-related consulting services and solutions and other consulting services, our ability to effectively integrate acquisitions, including the LeewayHertz acquisition into our operations, our ability to manage joint ventures and successfully cooperate with our joint venture partners, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.