Accenture (NYSE:ACN) has entered into an agreement to acquire
Phase One Consulting Group, Inc., a privately held Alexandria,
Virginia-based company specializing in modernization and digital
transformation for the federal market. Phase One is a leader in
delivering high-impact Salesforce solutions that help transform
government. Once the acquisition is complete, the Phase One team
will join Accenture Federal Services.
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Accenture has entered into an agreement
to acquire Phase One Consulting Group (Photo: Business Wire)
Bolstering Accenture’s Cloud First strategy, Phase One will
bring a complementary client footprint and large, highly skilled
team offering Salesforce and management consulting services. Phase
One currently delivers secure cloud solutions to cabinet
departments and federal agencies with wide-ranging missions across
national infrastructure, finance and regulatory services, human
services, healthcare, and homeland security sectors.
“New cloud and Software-as-a-Service platforms are transforming
both the federal technology landscape and the way agencies serve
their customers and achieve their missions,” said David Moskovitz,
chief executive of Accenture Federal Services. “Through investments
like our acquisition of Phase One, we are expanding our
capabilities, technology and skills to help lead our federal
clients on their journey to be more agile, responsive and secure in
a digital world.”
The acquisition of Phase One is the seventh Salesforce-related
acquisition that Accenture has made since 2014; the others include
Media Hive, New Energy Group, CRMWaypoint, Cloud Sherpas, tquila
and ClientHouse.
“We are proud to be combining our skills and innovative approach
with Accenture’s scale,” said Jerad Speigel, Phase One chief
executive officer. “At Phase One, we embrace change and innovation,
and we are excited to join forces with Accenture to help deliver
the value of Software as a Service to US government agencies.”
Phase One is a Salesforce Platinum Consulting Partner focused
exclusively on the $80 billion federal IT market. This elite status
reflects its expertise in Salesforce integration and development
services within some of the most complex federal client technology
environments. For the federal market, Phase One has developed cloud
accelerator methodologies designed to help federal clients enhance
their organizational efficiency and achieve mission-specific
goals.
“Salesforce’s Intelligent Customer Success Platform empowers
federal agencies to transform into more modern, responsive and
intelligent organizations, enabling employees to connect with
citizens in entirely new and powerful ways,” said Tyler Prince,
Salesforce’s executive vice-president, World Wide Alliances and
Go-to-Market Innovation. “With industry solutions, thousands of
skilled Salesforce consultants and rapidly expanding capabilities,
Accenture is a top strategic partner that empowers our mutual
customers to digitally transform their businesses and succeed.”
Accenture was one of the first global companies to establish a
strategic alliance with Salesforce, and continues to grow and
strengthen its position as a leading Salesforce partner. With more
than 11,000 Salesforce-skilled professionals and an ongoing
investment in building deep Salesforce skills and leading
capabilities, Accenture is unique in the Salesforce ecosystem.
In April, Accenture was identified as the overall leader in
the “as-a-Service Winners’ Circle” in the HfS Blueprint Report:
Salesforce Services 2017 for its excellence in both Salesforce
innovation and execution. The report named Accenture as the “clear
leader in scale” with “the largest Salesforce services practice” in
the Salesforce ecosystem. In May, Salesforce named Accenture
Interactive the 2017 Salesforce Commerce Cloud Global Innovation
Partner of the Year in recognition of its outstanding contribution
toward business growth, technology innovation and joint customer
success.
The transaction is subject to regulatory reviews and other
customary closing conditions, and the financial details are not
being disclosed.
Accenture Federal Services, a wholly owned subsidiary of
Accenture LLP, is a U.S. company with offices in Arlington,
Virginia. Accenture’s federal business has served every
cabinet-level department and 30 of the largest federal
organizations. Accenture Federal Services transforms bold ideas
into breakthrough outcomes for clients at defense, intelligence,
public safety, civilian and military health organizations.
Salesforce is a trademark of Salesforce.com, Inc.
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.
Accenture is a leader in helping organizations move to the cloud
to take advantage of a new era of service delivery and flexibility,
where applications, infrastructure and business processes are
brought together and delivered As-a-Service. Accenture’s Cloud
First agenda offers comprehensive, industry-focused cloud services
including strategy, implementation, migration and managed services,
and assets including the Accenture Cloud Platform that can drive
broader transformational programs for clients. Accenture has worked
on over 20,000 cloud computing projects for clients, including
three-quarters of the Fortune Global 100, and has more than 31,000
professionals trained in cloud computing.
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 company and Phase One
Consulting, Inc. will not be able to close the transaction in the
time period anticipated, or at all, which is dependent on the
parties’ ability to satisfy certain closing conditions; the
transaction might not achieve the anticipated benefits for the
company; the company’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; the company’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 the company 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 the
company competes are highly competitive, and the company might not
be able to compete effectively; the company could have liability or
the company’s reputation could be damaged if the company fails to
protect client and/or company data from security breaches or
cyberattacks; the company’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 the company’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; the company’s results of operations could be materially
adversely affected by fluctuations in foreign currency exchange
rates; the company’s business could be materially adversely
affected if the company incurs legal liability; the company’s work
with government clients exposes the company to additional risks
inherent in the government contracting environment; the company
might not be successful at identifying, acquiring, investing in or
integrating businesses, entering into joint ventures or divesting
businesses; the company’s Global Delivery Network is increasingly
concentrated in India and the Philippines, which may expose it to
operational risks; as a result of the company’s geographically
diverse operations and its growth strategy to continue geographic
expansion, the company is more susceptible to certain risks;
adverse changes to the company’s relationships with key alliance
partners or in the business of its key alliance partners could
adversely affect the company’s results of operations; the company’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 the company is unable to
protect its intellectual property rights from unauthorized use or
infringement by third parties, its business could be adversely
affected; the company’s ability to attract and retain business and
employees may depend on its reputation in the marketplace; if the
company 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 the company makes in connection with the
preparation of its consolidated financial statements could
adversely affect its financial results; many of the company’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; the
company’s results of operations and share price could be adversely
affected if it is unable to maintain effective internal controls;
the company 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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AccentureDeirdre Blackwood, + 1
703-947-5798deirdre.m.blackwood@accenture.com
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