Navigant Consulting Acquires Troika (UK) Limited
LONDON--(BUSINESS WIRE)--Aug. 1, 2007--Navigant Consulting, Inc. (NYSE: NCI) a global consulting firm providing operational, dispute, investigative, risk management and financial advisory solutions to legal counsel, government agencies and companies experiencing regulatory or structural challenges, today announced the Company has completed the acquisition of Troika (UK) Limited, a leading UK financial services consultancy.
Troika provides consultancy services to the financial services industry covering operations performance improvement; product and distribution strategies; organization, people and change; IT effectiveness and transaction support. Troika's UK clients include 13 of the top 15 Life & Pension companies, nine of the top 15 Banks and Building Societies and ten of the top 15 Investment Management firms. In 2006, Troika was the UK Management Consultancy Association's "Best Small Management Consultancy of the Year."
The Troika team is based in London and includes more than 40 billable consultants. Additional transaction details were not disclosed.
Buckingham Corporate Finance acted as financial advisor to Troika. Sidley Austin (UK) LLP was the legal advisor to Navigant Consulting, and Rosenblatt Solicitors was the legal advisor to Troika.
About Navigant Consulting
Navigant Consulting, Inc. (NYSE: NCI) is a specialized independent consulting firm of 2,500 professional staff providing dispute, financial, regulatory and operational advisory services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk, distress and significant change. The Company focuses on industries undergoing substantial regulatory or structural change including healthcare, energy and financial and insurance services, and on the issues driving these transformations. "Navigant" is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI's use of "Navigant" is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com.
Troika was established in 1998 as an independent professional services firm to offer a new style of advisory services to the Financial Services industry. They have offices in London and Edinburgh and their mission is to apply experience, clear thinking and teamwork to deliver pragmatic solutions to complex problems. Troika focuses on the financial services market, particularly on clients operating in life assurance and pensions, investment management, retail banking and general insurance. Troika's primary areas of expertise are distribution of regulated products, products and propositions, customer retention, operational effectiveness, outsourcing and off shoring, organisation, people and change, IT effectiveness and transaction support. They help their clients to deliver lasting, large-scale change by getting more out of their existing organization and resources. More information about Troika can be found at www.troika.co.uk.
Except as set forth below, statements included in this press release, which are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements" as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company's future business prospects, revenues, working capital, liquidity, income and margins, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to several important factors, including those identified from time to time in the Company's reports filed with the SEC. Such risk factors include, but are not limited to: acquisitions and acquisitions under consideration, follow-on offerings, revenues and financial estimates, significant client assignments, recruiting, attrition and new business solicitation efforts, judicial proceedings, regulatory changes and general economic conditions.
CONTACT: Navigant Consulting
Managing Director - International Operations
Andrew J. Bosman
Executive Director of Marketing and Communications
SOURCE: Navigant Consulting, Inc.