Accenture (NYSE:ACN) has completed its acquisition of Phase One
Consulting Group, Inc., a privately held Alexandria,
Virginia-based company specializing in modernization and digital
transformation for the federal market.
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Phase One is now part of Accenture
Federal Services (Graphic: Business Wire)
The acquisition of Phase One, which was first announced on June
7, 2017, expands Accenture’s capabilities to support key
infrastructure and application modernization initiatives that are
designed to enable federal agencies to deliver greater agility,
enhanced security features and cost savings. Phase One offers
secure cloud solutions for cabinet departments and federal
agencies, supporting wide-ranging missions across national
infrastructure, finance and regulatory services, human services,
healthcare, and homeland security sectors.
“Clients turn to Accenture Federal Services to solve their
largest, most complex problems in national security, healthcare and
citizen services,” said David Moskovitz, chief executive of
Accenture Federal Services. “We continue to look for ways to
advance our capabilities by investing in expertise and innovative
approaches in digital, cloud, cyber, analytics and emerging
technologies to design transformational government services that
drive better mission outcomes, effectiveness, and customer
experiences.”
Phase One is a Salesforce Platinum Consulting Partner focused
exclusively on the 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
rapidly deploy new capabilities to enhance their organizational
efficiency and achieve mission-specific goals.
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.
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.
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 financial details of the transaction 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 and others are trademarks 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 more than 411,000
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 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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version on businesswire.com: http://www.businesswire.com/news/home/20170808005173/en/
AccentureDeirdre Blackwood, +
1-703-947-5798deirdre.m.blackwood@accenture.com
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