Huron Consulting Group Announces Strategic Investment In Shorelight Education
Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of
business consulting services, today announced that the Company has made
a strategic investment in Shorelight Holdings LLC, parent company of
Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced that the Company has made a strategic investment in Shorelight Holdings LLC, parent company of Shorelight Education. Shorelight is the only U.S.-based company that is solely focused on partnering with leading nonprofit universities to increase access and retention of international students, boost institutional growth, and enhance an institution’s global footprint. Shorelight Education’s current partnerships with leading higher education institutions are centered around “Academic Accelerator Programs.” These pathway programs combine English preparation, cultural transition and challenging freshman-level courses to provide academically qualified international students with a supportive foundation for their first year on-campus experience. Upon successful completion of an Academic Accelerator Program, students matriculate to the university with sophomore status, enabling them to earn an undergraduate degree in four years. “The Shorelight offering enables universities to expand their global participation by attracting more international students, increase the diversity of the student population, and fulfill their academic mission while providing new revenue opportunities,” said James H. Roth, chief executive officer and president, Huron Consulting Group. “Our Shorelight investment enables Huron to provide strategic synergies to our higher education clients as they face economic and competitive pressure to manage costs and enhance the quality of academic offerings. We are excited about the synergistic prospects given that Shorelight’s primary market focus has significant overlap with Huron’s existing client base.” Tom Dretler, chief executive officer and co-founder of Shorelight Education, said, “Huron is an ideal strategic partner for Shorelight based on its deep understanding of the business and mission of higher education institutions. Our partnership will benefit all major stakeholders on campus and create new university resources that can be used to drive innovation. There is nobody better than Huron to help advise universities on where best to invest those new assets to make a real difference for students and the broader university community.” As a result of working with Shorelight Education, universities are able to enhance the social and academic experience for domestic students and add to the perspectives and cultural experience of the international students.