Accenture Acquires SolutionsIQ, Adds Leading Agile Transformation Expertise and Services
June 02 2017 - 12:50PM
Business Wire
Acquisition expands Accenture’s ability to help
organizations become digital enterprises through New IT
Accenture (NYSE: ACN) has acquired SolutionsIQ, a leading
provider of Agile transformation services for business and
technology, to fuel its world-class capabilities that help
organizations drive change, improve customer experience and create
greater business value through Agile methods. Terms of the
acquisition were not disclosed.
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Accenture Completes Acquisition of
Leading Agile Specialist SolutionsIQ (Photo: Business Wire)
With one of the most experienced teams of Agile coaches in the
industry, SolutionsIQ helps organizations apply Agile principles
and practices to achieve substantial performance improvements
including enhanced digital delivery effectiveness, reduced cycle
times for software development and greater responsiveness to
business needs.
“This acquisition brings tremendous value to Accenture and our
clients,” said Bhaskar Ghosh, group chief executive, Accenture
Technology Services. “Today Agile is more than just a software
development methodology. For the digital enterprise that is
rotating to rapidly evolving digital technologies – or New IT –
it’s becoming a way of life. SolutionsIQ coaches, who are among the
most sought-after experts in the industry, will expand our ability
to help clients reduce investment risk, accelerate time to market
for new products and services, and support design that delivers
better customer experiences.”
“SolutionsIQ brings exceptional domain knowledge and experience
in Agile transformation, drawing from the top-notch talent they
have assembled from across North America and in other parts of the
world,” said Annette Rippert, senior managing director, Accenture
Technology. “Accenture was an early leader in Agile and we already
have a global team of practitioners with expertise in managing
complex, distributed Agile transformation and delivery. Together
with SolutionsIQ, we will help our clients create and sustain
innovative, value-focused solutions that are aligned with
fast-changing user experiences.”
“We couldn’t be more thrilled about joining forces with
Accenture,” said John Rudd, chief executive officer, SolutionsIQ.
“Agile is about fostering a culture of empowerment and
collaboration that enables rapid delivery of innovation at the
speed of business today. As part of Accenture, we will help clients
navigate the complexities of Agile and unlock their creative power
to develop new capabilities.”
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions – underpinned by the world’s largest
delivery network – Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With approximately
401,000 people serving clients in more than 120 countries,
Accenture drives innovation to improve the way the world works and
lives. Visit us at www.accenture.com.
Forward-Looking Statements
Except for the historical information and discussions contained
herein, statements in this news release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “should,” “likely,” “anticipates,” “expects,” “intends,”
“plans,” “projects,” “believes,” “estimates,” “positioned,”
“outlook” and similar expressions are used to identify these
forward-looking statements. These statements involve a number of
risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed or implied. These
include, without limitation, risks that: the transaction might not
achieve the anticipated benefits for Accenture; Accenture’s results
of operations could be adversely affected by volatile, negative or
uncertain economic conditions and the effects of these conditions
on the company’s clients’ businesses and levels of business
activity; Accenture’s business depends on generating and
maintaining ongoing, profitable client demand for the company’s
services and solutions including through the adaptation and
expansion of its services and solutions in response to ongoing
changes in technology and offerings, and a significant reduction in
such demand or an inability to respond to the changing
technological environment could materially affect the company’s
results of operations; if Accenture is unable to keep its supply of
skills and resources in balance with client demand around the world
and attract and retain professionals with strong leadership skills,
the company’s business, the utilization rate of the company’s
professionals and the company’s results of operations may be
materially adversely affected; the markets in which Accenture
competes are highly competitive, and Accenture might not be able to
compete effectively; Accenture could have liability or Accenture’s
reputation could be damaged if the company fails to protect client
and/or company data from security breaches or cyberattacks;
Accenture’s profitability could materially suffer if the company is
unable to obtain favorable pricing for its services and solutions,
if the company is unable to remain competitive, if its
cost-management strategies are unsuccessful or if it experiences
delivery inefficiencies; changes in Accenture’s level of taxes, as
well as audits, investigations and tax proceedings, or changes in
tax laws or in their interpretation or enforcement, could have a
material adverse effect on the company’s effective tax rate,
results of operations, cash flows and financial condition;
Accenture’s results of operations could be materially adversely
affected by fluctuations in foreign currency exchange rates;
Accenture’s business could be materially adversely affected if the
company incurs legal liability; Accenture’s work with government
clients exposes the company to additional risks inherent in the
government contracting environment; Accenture might not be
successful at identifying, acquiring, investing in or integrating
businesses, entering into joint ventures or divesting businesses;
Accenture’s Global Delivery Network is increasingly concentrated in
India and the Philippines, which may expose it to operational
risks; as a result of Accenture’s geographically diverse operations
and its growth strategy to continue geographic expansion, the
company is more susceptible to certain risks; adverse changes to
Accenture’s relationships with key alliance partners or in the
business of its key alliance partners could adversely affect the
company’s results of operations; Accenture’s services or solutions
could infringe upon the intellectual property rights of others or
the company might lose its ability to utilize the intellectual
property of others; if Accenture is unable to protect its
intellectual property rights from unauthorized use or infringement
by third parties, its business could be adversely affected;
Accenture’s ability to attract and retain business and employees
may depend on its reputation in the marketplace; if Accenture is
unable to manage the organizational challenges associated with its
size, the company might be unable to achieve its business
objectives; any changes to the estimates and assumptions that
Accenture makes in connection with the preparation of its
consolidated financial statements could adversely affect its
financial results; many of Accenture’s contracts include payments
that link some of its fees to the attainment of performance or
business targets and/or require the company to meet specific
service levels, which could increase the variability of the
company’s revenues and impact its margins; Accenture’s results of
operations and share price could be adversely affected if it is
unable to maintain effective internal controls; Accenture may be
subject to criticism and negative publicity related to its
incorporation in Ireland; as well as the risks, uncertainties and
other factors discussed under the “Risk Factors” heading in
Accenture plc’s most recent annual report on Form 10-K and other
documents filed with or furnished to the Securities and Exchange
Commission. Statements in this news release speak only as of the
date they were made, and Accenture undertakes no duty to update any
forward-looking statements made in this news release or to conform
such statements to actual results or changes in Accenture’s
expectations.
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AccenturePeter Y. Soh,
+1-703-947-2571Peter.y.soh@accenture.com
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