NORCROSS, Ga.–(BUSINESS WIRE)–Jun 6, 2022–
Accenture (NYSE: ACN) has acquired Advocate Networks, LLC, a leading technology consultancy and managed companies service provider of Engineering Business Administration (TBM) remedies that aid corporations generate business price, realize value cost savings and modernize their technologies platforms. Terms of the transaction ended up not disclosed.
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Accenture acquired Advocate Networks, technological innovation consultancy and managed solutions supplier of Engineering Business Administration alternatives. (Photograph: Business Wire)
Headquartered in Norcross, Ga, Advocate’s group of more than 85 gurus is signing up for Accenture’s Technological innovation Approach & Advisory follow, bringing abilities for serving to purchasers outline, architect and measure price from their electronic and cloud transformations. Advocate has deep engineering know-how and a complete suite of products and services that assistance businesses align technologies investments with business plans and uncover savings to reinvest in initiatives that generate development and transformation.
“Organizations assume their know-how investments to fuel innovation and renovate business functions and are ever more adopting TBM rules to enhance shell out and produce and reveal fast strategic business price,” mentioned Keith Boone, Accenture’s North America Technological know-how Technique & Advisory direct. “With the effective mixture of Accenture and Advocate, we will present a multitude of market-leading resources and capabilities to help our shoppers measure the price of technological know-how initiatives in a clear, quantifiable manner.”
Advocate’s entire suite of TBM services, from strategic advisory to TBM-as-a-provider (TBMaaS), complement Accenture’s cloud and digital transformation expert services and conclude-to-conclusion capabilities for TBM and FinOps. Advocate also brings accelerators for sector-major tools and dashboards for IT worth management and services that will improve insights supplied by Accenture’s proprietary property, such as Accenture Momentum, myConcerto, myDiagnostic and myNav, with more TBM analytics.
“For more than two a long time, Advocate’s business clientele have relied on our focused workforce of TBM advisors, marketplace considered leaders and technologies experts to increase performance and uncover financial savings for new investments,” mentioned Tim Wise, co-founder and co-CEO of Advocate. “We share Accenture Technological know-how Strategy & Advisory’s function for helping shoppers architect and realize remarkable business price from know-how and are enthusiastic to deliver our merged abilities to both of those new and present buyers.”
Accenture’s Technology Approach & Advisory apply works with customers to determine their engineering visions and create the vital roadmaps and execution ideas to build sustainable worth from technology investments.
Accenture is a world specialist expert services organization with leading capabilities in electronic, cloud and security. Combining unmatched expertise and specialized capabilities throughout a lot more than 40 industries, we supply Technique and Consulting, Technologies and Operations services and Accenture Song—all run by the world’s greatest network of Superior Technological know-how and Intelligent Functions centers. Our 699,000 individuals deliver on the promise of technology and human ingenuity each and every day, serving purchasers in a lot more than 120 nations. We embrace the electricity of change to develop benefit and shared success for our customers, persons, shareholders, associates and communities. Go to us at accenture.com.
Forward-On the lookout Statements
Apart from for the historical info and discussions contained herein, statements in this news launch may perhaps constitute ahead-wanting statements within the meaning of the Personal Securities Litigation Reform Act of 1995. Phrases these kinds of as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and equivalent expressions are used to discover these ahead-seeking statements. These statements contain a variety of risks, uncertainties and other things that could bring about actual benefits to differ materially from people expressed or implied. A lot of of the adhering to pitfalls, uncertainties and other aspects determined underneath could be amplified by the invasion of Ukraine by Russia, the sanctions (such as their duration), and other measures being imposed in response to this conflict, as properly as any escalation or expansion of financial disruption or the conflict’s latest scope. These risks include, with no limitation, hazards that: the transaction may possibly not attain the anticipated benefits for Accenture Accenture’s benefits of functions have been, and may possibly in the long run be, adversely affected by volatile, negative or unsure financial and political disorders and the effects of these disorders on the company’s clients’ corporations and stages of business activity Accenture faces lawful, reputational and economic pitfalls from any failure to guard shopper and/or firm facts from safety incidents or cyberattacks Accenture’s business depends on creating and keeping ongoing, lucrative client demand for the company’s services and solutions such as via the adaptation and expansion of its services and remedies in response to ongoing adjustments in know-how and choices, and a considerable reduction in such demand from customers or an incapability to answer to the evolving technological setting could materially have an impact on the company’s success of operations if Accenture is unable to match folks and expertise with shopper demand from customers all around the world and entice and retain experts with strong management expertise, the company’s business, the utilization amount of the company’s experts and the company’s outcomes of functions might be materially adversely affected the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will proceed to do so and its impact on the company’s potential economic success are uncertain the marketplaces in which Accenture operates are remarkably aggressive, and Accenture might not be able to contend effectively Accenture’s capability to entice and keep business and workforce may perhaps rely on its reputation in the marketplace if Accenture does not correctly manage and produce its relationships with key alliance partners or fails to foresee and establish new alliances in new systems, the company’s final results of operations could be adversely afflicted Accenture’s profitability could materially endure if the corporation is not able to receive favorable pricing for its providers and remedies, if the corporation is unable to stay aggressive, if its charge-management methods are unsuccessful or if it encounters shipping inefficiencies or are unsuccessful to satisfy selected agreed-upon targets or precise service levels changes in Accenture’s stage of taxes, as properly as audits, investigations and tax proceedings, or modifications in tax legal guidelines or in their interpretation or enforcement, could have a substance adverse effect on the company’s productive tax amount, benefits of functions, money flows and monetary issue Accenture’s success of operations could be materially adversely afflicted by fluctuations in overseas forex exchange premiums variations to accounting specifications or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated monetary statements could adversely have an effect on its financial effects Accenture may well be not able to obtain further funds on favorable phrases or at all and if the company raises equity funds, it might dilute its shareholders’ possession fascination in the business as a outcome of Accenture’s geographically assorted operations and its expansion tactic to go on to expand in its essential marketplaces all over the entire world, the business is more inclined to selected challenges if Accenture is unable to regulate the organizational worries affiliated with its sizing, the enterprise may be unable to realize its business objectives Accenture may well not be productive at buying, investing in or integrating firms, getting into into joint ventures or divesting businesses Accenture’s business could be materially adversely affected if the enterprise incurs legal legal responsibility Accenture’s global operations expose the business to various and at times conflicting legal and regulatory requirements Accenture’s function with governing administration shoppers exposes the company to added risks inherent in the government contracting environment if Accenture is not able to defend or implement its intellectual property rights or if Accenture’s solutions or alternatives infringe on the intellectual property rights of other people or the business loses its capacity to benefit from the intellectual property of many others, its business could be adversely influenced Accenture’s outcomes of functions and share value could be adversely afflicted if it is not able to manage successful inner controls Accenture may possibly be subject to criticism and adverse publicity related to its incorporation in Eire as properly as the challenges, uncertainties and other components talked over beneath the “Risk Factors” heading in Accenture plc’s most latest Annual Report on Type 10-K and other files submitted with or furnished to the Securities and Trade Fee. Statements in this news launch converse only as of the date they had been built, and Accenture undertakes no responsibility to update any forward-on the lookout statements created in this information launch or to conform these kinds of statements to actual success or changes in Accenture’s expectations.
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