Acquisition strengthens procurement and supply chain technology expertise, brings state-of-the-art software platform that will support all Market Intelligence and Executive Advisory programs.
MIAMI–(BUSINESS WIRE)–The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) consultancy and strategic advisory firm, today announced that it has completed its acquisition of Spend Matters™, a leader in the procurement and supply chain solutions market intelligence sector.
Founded in 2004 with the vision of transforming procurement through technology and thought leadership, Spend Matters™ has become a respected authority in the industry, providing insights, analysis, and solutions that help organizations optimize their procurement processes. The acquisition represents a significant opportunity for The Hackett Group® to expand its capabilities and strengthen its position in the procurement and supply chain market intelligence sector.
“We are thrilled to combine our collective strengths in data-driven market intelligence and executive advisory with the innovative capabilities of Spend Matters’ platform and products,” said Ted Fernandez, CEO of The Hackett Group®. “This acquisition not only deepens our procurement and supply chain insights but also positions us to extend our market intelligence into adjacent domains, enabling broader impact for our clients across the enterprise.”
Carina Kuhl will bring her expertise in driving strategic product development and research expansion to lead the combined market intelligence practice. “We’re thrilled to join The Hackett Group® and combine our deep technology insights with their trusted advisory expertise to fuel the next wave of innovation,” said Kuhl. “Over the past 20 years, Spend Matters™ has built a reputation for powering critical technology, product marketing, and investment decisions for buyers, vendors, consultants, and investors in procurement and supply chain. Now, by joining forces with The Hackett Group®, we’ll elevate that intelligence, embedding it into a broader, data-driven advisory model that delivers even greater strategic value for both buyers and vendors.”
“This acquisition enables us to offer a more complete and connected view of the procurement and supply chain technology landscape, helping executives make faster, more confident decisions,” said Andy Warzecha, principal and Executive Advisory Practice Leader, at The Hackett Group®. “Spend Matters’ advanced platforms, including TechMatch™ and SolutionMap, add powerful technology-driven capabilities to our executive advisory model, helping clients translate vendor intelligence into strategic action with speed and precision.”
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, 90% of the Fortune 100, 70% of the DAX 40 and 51% of the FTSE 100. Visit us at www.thehackettgroup.com.
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 Spend Matters™ 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.
Contacts
