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The Hackett Group completes acquisition of LeewayHertz to enhance Gen AI capabilities

Sep 16, 2024•about 1 year ago

Acquiring Company

The Hackett Group

Acquired Company

LeewayHertz

MiamiGurgaonNatural Language ProcessingMachine LearningArtificial IntelligenceConsulting

Description

The Hackett Group, Inc. has announced the acquisition of LeewayHertz, a provider of advanced Gen AI solutions. This strategic acquisition is aimed at combining Hackett’s enterprise Digital transformation World Class IP with LeewayHertz’s Gen AI advanced solutioning and implementation capabilities, as well as their respective market leading AI XPLR and ZBrain.ai software platforms, to accelerate and enhance its client’s ideation through implementation AI initiatives.

Company Information

Company

The Hackett Group

Location

Miami, Florida, United States

About

The Hackett Group, Inc. is a leading Gen AI strategic consultancy and executive advisory firm. It is listed on NASDAQ under the symbol HCKT. The company is focused on becoming a leading architect of its clients’ Gen AI journey and providing comprehensive end-to-end capabilities for ideation through implementation of AI initiatives.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed