Huron Strengths, Domain Expertise, and Key Differentiators
Huron Consulting serves their clients by providing ERP, EPM and CRM implementations. In recent years, Huron has been honing in on the healthcare vertical after buying a number of boutique firms that specialized in clinical.
Huron Recent Developments
The Autumn 2018, Huron Consulting released research administration software that improves researcher productivity while incorporating updated regulatory requirements. Huron completed its Autumn 2018 release of the Huron Research Suite, expanding an administrative ecosystem for managing the business of research. The new software drives significant productivity gains for researchers and administrative staff including an innovative reporting mechanism that provides an alternative approach for employee compensation on federally-funded projects, streamlined funding proposal creation by aligning essential data entry points to only those critical for submission and necessary for institutional needs Huron provides expert-originated and community-driven practices for all research processes to enable a singular researcher experience. Product managers work closely with client communities to review functionality throughout the development lifecycle, aligning product features to client expectations using community feedback. In total, there are 13 new, individual solution releases incorporating over 800 software enhancements and updates.
In October 2018, Sean Freeburger joined Huron as chief information officer (CIO). In this role, Freeburger will lead the global information technology function and play a key role in shaping the company’s technology strategy.
Huron Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Huron applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Huron and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified MyRounding, customers.
Ownership: - NASDAQ: HURN
Number of Employees: 3750
Functional Markets: ERP Services and Operations Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Huron Key Enterprise and Cloud Applications
Huron Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Huron Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Huron Enterprise Applications Revenues By Functional Markets, $M:
Huron Enterprise Applications Revenues By Verticals, $M:
Huron Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
Huron Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Huron Customers - Breakdown by Geo, Size, Vertical and Product
No. of Huron Customers: 1800
No. of Huron Enterprise Applications Customers: 1800
No. of Huron Cloud Customers: x
No. of Huron Cloud Subscribers: x
In 2019, Huron served over 1,800 clients, including over 300 new clients. Customers include: KeyBank, The University of Wyoming, Argo Turboserve Corporation, Arizona State University, Butler University and others.
Huron Market Opportunities, M&A and Geo Expansions
In February 2017, Huron acquired Innosight Holdings LLC, a growth strategy firm focused on helping companies navigate disruptive change, enable innovation and manage strategic transformation. When combined, Huron and Innosight will use their strategic, operational and technology capabilities to help clients across multiple industries develop pioneering solutions to address disruption and achieve sustained growth. Furthermore, Huron provides professional services through three operating segments: Healthcare, Education, and Business Advisory.
For the year ended December 31, 2017, Huron derived 49%, 23%, and 28% of its revenues from Healthcare, Education, and Business Advisory, respectively.
Huron Risks and Challenges
As the purchases of MyRounding and Click Commerce demonstrate, Huron's ability to deliver highly differentiated IT services may depend on a growing portfolio of applications expertise. It remains to be seen whether Huron plans to expand further into the applications market in order to drive more recurring revenues.
Huron Ecosystem, Partners, Resellers and SI
In 2019, Huron partnered with Medically Home®Group, Inc., a healthcare technology-enabled services company. In addition to the partnership, Huron has made a strategic investment in Medically Home’s Series B financing to support Medically Home’s growth initiatives. The partnership combines Huron’s and Medically Home’s strategic capabilities and extensive healthcare expertise to transform how care is delivered using innovative and cost-effective solutions to achieve improved health outcomes at a lower cost. Huron will be the exclusive implementation partner with Medically Home as the company pursues its rapid expansion with new clients.
Huron primarily sells direct. Following a number of acquisitions of boutique services companies like Cloud 62 for customer relationship management and Rittman Read India for EPM and Analytics, Huron has established strong partnerships with key application vendors such as Salesforce and Oracle.
Huron Cloud Infrastructure Insights
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- Huron Public Cloud and Infrastructure (IaaS)
- Huron Platform (PaaS)
- Huron Application Delivery
- Huron Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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