The Hackett Group Inc.

06/29/2022 | Press release | Distributed by Public on 06/29/2022 08:04

Answerthink Becomes the First Protect4S SAP Managed Service Partner in the US

Miami, FL - June 29, 2022 - Answerthink, a division of The Hackett Group, today announced that it has signed a licensing agreement with Protect4S, becoming their first SAP managed service partner in the U.S.

Protect4S is a certified SAP add-on and vulnerability solution that improves SAP security, patch management and hardening by a repeated process of scanning, analysis and mitigation. The partnership with Protect4S will provide customers with the benefits of continuous protection along with preparedness for annual audits.

"We were impressed by the amount of SAP cybersecurity checks available within Protect4S along with its user-friendly concept," stated Michael Eidmann, principal at Answerthink. "Their complete SAP vulnerability management solution delivers continuous cybersecurity for our SAP customers and enhances Answerthink's managed services offering by providing an additional level of protection. With this solution, customers go from a reactive, manual, and ad hoc approach to a preventive, automated and continuous protection environment."

Onno Coenen, partner & commercial lead at Protect4S, added that "We are delighted to expand our growing partner network further with Answerthink. This strategic partnership enables us to reach SAP customers in the U.S. to help them secure their SAP systems."

Protect4S has better insights into SAP security risks, migrations, and trends which enables them to deliver a unique level of security by adding the latest vulnerabilities to their solution, wherever risk is found.

About Answerthink

Answerthink, a division of The Hackett Group, is an SAP platinum partner that develops and offers partner solutions such as industry specific software, analytics, mobility, cloud, services, training, and support. It also uses SAP technologies like SAP S/4HANA® to implement efficient and composable solutions for the digital transformation of intelligent enterprises. By leveraging the best practices database of The Hackett Group, Answerthink helps businesses that use SAP technology improve performance and maximize returns on investments.

About The Hackett Group

The Hackett Group, Inc. (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking firm to global companies, offering digital transformation, including implementation of leading enterprise cloud applications, workflow automation and analytics that enable Digital World Class performance.

Drawing from our unparalleled IP from nearly 20,000 benchmark studies with the world's leading businesses - including 97% of the Dow Jones Industrials, 94% of the Fortune 100, 70% of the DAX 30 and 51% of the FTSE 100 - captured through our leading benchmarking platform, Quantum Leap® and our Digital Transformation Platform (DTP), we accelerate best-practice implementations.

Cautionary Statement Regarding "Forward-Looking" Statements

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 impact of the coronavirus pandemic, including the duration and severity of the pandemic, the economic impact of the pandemic and the timing of an economic recovery, demand for our services, our ability to manage our business and capital resources through the pandemic, the ability of the products, services, or offerings mentioned in this release, including the Protect4S products used in our business, 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 through strategic initiatives or otherwise, our ability to effectively market and sell our product offerings and other services, including those referenced above, the timing of projects and the potential for contract cancellations by our customers, especially given that our clients are also impacted by the pandemic, changes in expectations regarding the business consulting and information technology industries, our ability to attract and retain skilled employees, the impact of any federally-mandated vaccine, testing or other COVID-19 related requirements on employee retention and our results of operations, 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, the impact of the geopolitical conflict involving Russian and Ukraine on our business, changes in general economic conditions, inflation and interest rates, our ability to obtain additional debt financing if needed, as well as other risks detailed in our Annual Report on Form 10-K for the most recent fiscal year as 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.

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