Organizations will also combine their AI
XPLR and ZBrain.ai platforms in a Joint Venture resulting in a
comprehensive Gen AI Ideation through Implementation
offering
The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI
strategic consultancy and executive advisory firm today announced
the acquisition of LeewayHertz, a highly recognized provider of
advanced Gen AI solutions. This acquisition marks a significant
milestone in The Hackett Group's aggressive strategy to become a
leading architect of its clients’ Gen AI journey. The transaction
combines 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. The Gen AI consulting and
software platform combinations are expected to result in a
comprehensive end to end capability that accelerates and enhances
its client’s ideation through implementation AI initiatives.
Strategic Integration of AI XPLR and ZBrain
The combination of AI XPLR and ZBrain is expected to redefine
how enterprises evaluate and implement AI across their operations.
AI XPLR version 2, The Hackett Group's innovative Gen AI powered
platform, provides ideation and design of AI solutions using its
breakthrough simulation functionality. By integrating with ZBrain's
advanced Gen AI orchestration platform, this combination is
expected to result in an end-to-end platform that not only
simulates an organization’s Use Cases opportunities, but also
evaluates its feasibility, ROI and accelerates implementation and
deployment.
"We are thrilled to welcome Akash Takyar and the entire
LeewayHertz team into The Hackett Group family," said Ted A.
Fernandez, Chairman & CEO of The Hackett Group. "This
acquisition is meant to highly differentiate our consulting and
software platform offerings. It significantly increases our AI
implementation capabilities and highly differentiates and expands
our AI XPLR ideation and design platform. The integration of AI
XPLR 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 emerging Gen
AI-powered solutions."
Creation of ZBrain XPLR Joint Venture
In connection with the acquisition, The Hackett Group and Akash
Takyar are creating a joint venture whereby The Hackett Group will
contribute the AI XPLR and ZBrain platforms. The integration of AI
XPLR and ZBrain products will enable the joint venture to provide
advanced and tailored Gen AI solutions to its clients. Combining AI
XPLR's ideation and simulation capabilities with ZBrain's robust
Gen AI development platform in a new entity will allow The Hackett
Group in partnership with Akash Takyar to pursue a software
platform growth strategy that will consider strategic funding
sources as required after initial funding by The Hackett Group.
This should allow The Hackett Group to pursue an entirely new value
creation strategy for its shareholders. Akash Takyar will become
the new CEO of the joint venture, ZBrain, while also leading The
Hackett Group’s Gen AI Implementation group.
“We believe this acquisition will unlock the true potential of
The Hackett Group’s market leading digital transformation IP during
this once in a lifetime technology innovation era,” stated Ted A.
Fernandez, Chairman & CEO. “The creation of a new joint venture
is important to us as it should allow us to pursue an entirely new
value creation opportunity for our shareholders. I want to
congratulate our entire team for demonstrating tremendous focus,
along with great agility and innovation that has allowed us to
pivot to Gen AI consulting and implementation solutions, in less
than 12 months.”
"The synergy between AI XPLR and ZBrain is expected to provide
our clients with a comprehensive AI solution that addresses the
entire lifecycle of Gen AI strategy to execution," said Akash
Takyar, CEO of LeewayHertz. "This partnership has the potential to
redefine the way AI solutions are envisioned and deployed at
scale.”
About The Hackett Group®
The Hackett Group, Inc. (NASDAQ: HCKT) is a leading Gen AI
strategic consultancy and executive advisory firm that enables
organizations to achieve Digital World Class® performance. Using AI
XPLR™– our Gen AI assessment platform – helps organizations 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 –
and are delivered leveraging our Digital Transformation Platform,
Hackett Connect and Quantum Leap®.
For more information on The Hackett Group, visit:
https://www.thehackettgroup.com/; email info@thehackettgroup.com;
or call (770) 225-3600.
About LeewayHertz
LeewayHertz
(https://www.leewayhertz.com/ai-development-services-company/) is a
trusted leader in AI consulting and development, offering
innovative solutions to empower businesses with the transformative
capabilities of artificial intelligence. Specializing in
enterprise-grade AI applications, LeewayHertz leverages
cutting-edge technologies like generative AI, computer vision, and
machine learning to help companies optimize processes, enhance
customer experiences, and drive growth. LeewayHertz's flagship
product, ZBrain
(https://www.leewayhertz.com/enterprise-generative-ai-platform/), a
low-code generative AI orchestration platform, has been
instrumental in helping enterprises integrate AI into their
operations with ease. By leveraging proprietary data and building
AI solutions for managing complex workflows, ZBrain enables
businesses to unlock the full potential of AI, resulting in
increased efficiency, cost savings, and accelerated innovation.
The Hackett Group, Hackett-Certified, quadrant logo, World Class
Defined and Enabled, Quantum Leap 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
to successfully integrate the acquired company's operations and
employees with our existing business, the ability to realize
anticipated synergies and cost savings, our ability to successfully
combine the technologies and capabilities of the companies,
potential difficulties in maintaining relationships with customers,
employees, and suppliers, unexpected costs, charges, or expenses
resulting from the acquisition or the joint venture, adverse
changes in economic conditions including the demand for generative
artificial intelligence products and services, that may impact the
acquired business or the joint venture, changes in applicable laws
or regulations that may impact the operations of the combined
company or the joint venture, the possibility that the anticipated
benefits of the acquisition or the joint venture may not be
realized within the expected time frame or at all, the ability of
The Hackett Group to effectively market its digital transformation,
artificial intelligence and other consulting services, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240916855055/en/
Robert A. Ramirez, CFO, 305-375-8005 or
rramirez@thehackettgroup.com
Hackett (NASDAQ:HCKT)
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Hackett (NASDAQ:HCKT)
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から 11 2023 まで 11 2024
