The Hackett Group Announces Organization Changes in Europe

  The Hackett Group Announces Organization Changes in Europe

Business Wire

MIAMI -- March 21, 2014

The Hackett Group, Inc. (Nasdaq:HCKT), a global strategic advisory, business
transformation and technology consulting firm, today announced that it would
be taking a one-time $3.6 million charge in order to reduce staff and exit
facilities in non core markets as part of a comprehensive plan to respond to
structural market changes and deliver profitable growth in the region. The
Company had made several leadership and sales related changes as it exited
2013 but wanted to be proactive in its desire to increase its investment to
build its Enterprise Performance Management capabilities which have been a big
part of its recent growth in North America.

"Today, we announced our actions which we believe better position our European
organization to recapture its historic profitability," stated Ted A.
Fernandez, Chairman & CEO of The Hackett Group, Inc. "Although these decisions
are always difficult, we felt it was important to affect these changes so that
we could invest in areas where we are having success in the U.S. and that we
would like to aggressively grow in Europe."

Excluding this one-time charge, the Company's previously provided revenue
guidance for the first quarter of 2014 of $53.0 to $55.0 million and proforma
diluted earnings per share of $0.06 to $0.08, remains unchanged.

About The Hackett Group

The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic business advisory
and business transformation and technology consulting firm, is a leader in
best practice advisory, benchmarking, and transformation consulting services
including enterprise performance management and business intelligence,
strategy and operations, working capital management, shared services and
globalization advice. Utilizing best practices and implementation insights
from more than 10,000 benchmarking engagements, executives use The Hackett
Group's empirically-based approach to quickly define and implement initiatives
to enable world-class performance. Through its REL group, The Hackett Group
offers working capital solutions focused on delivering significant cash flow
improvements. Through its Archstone Consulting group, The Hackett Group offers
Strategy & Operations consulting services in the Consumer and Industrial
Products, Pharmaceutical, Manufacturing and Financial Services industry
sectors. Through its Hackett ERP Solutions group, The Hackett Group offers
business application consulting and application management services that help
maximize returns on IT investments. The Hackett Group has completed benchmark
studies with over 3,500 major corporations and government agencies, including
97% of the Dow Jones Industrials, 83% of the Fortune 100, 87% of the DAX 30
and 48% of the FTSE 100.

More information on The Hackett Group is available: by phone at (770)
225-7300; by e-mail at info@thehackettgroup.com.

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995 and involve known and
unknown risks, uncertainties and other factors that may cause The Hackett
Group'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 impact such forward-looking
statements include, among others, the ability of our products, services, or
offerings mentioned in this release to deliver the desired effect, our ability
to effectively integrate acquisitions into our operations, our ability to
retain existing business, our ability to attract additional business, our
ability to effectively market and sell our product offerings and other
services, the timing of projects and the potential for contract cancellations
by our customers, changes in expectations regarding the business consulting
and information technology industries, our ability to attract and retain
skilled employees, possible changes in collections of accounts receivable due
to the bankruptcy or financial difficulties of our customers, risks of
competition, price and margin trends, foreign currency fluctuations, changes
in general economic conditions and interest rates, our ability to obtain debt
financing through additional borrowings under an amendment to our existing
credit facility as well as other risks detailed in our Company's Annual Report
on Form 10-K for the most recent fiscal year filed with the Securities and
Exchange Commission. We undertake no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.

Contact:

The Hackett Group
Robert A. Ramirez, CFO, 305-375-8005
rramirez@thehackettgroup.com
 
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