Accenture Acquires IBB Consulting to Expand Strategy Capabilities for Communications, Media & Technology Clients
October 09 2017 - 7:59AM
Business Wire
Accenture (NYSE:ACN) has acquired IBB Consulting, a premier
strategy consulting firm that helps leading broadband and mobile
operators, media companies and technology providers identify
emerging industry shifts, adapt to market changes and capitalize on
new business and technology opportunities. IBB Consulting will
strengthen Accenture’s ability to design business and technology
strategies to create future value, drive new growth and transform
operations for clients in the Communications, Media &
Technology (CMT) industries, as they seek to become fully digital
businesses.
Approximately 160 of IBB Consulting’s highly skilled
professionals have joined the Accenture Strategy CMT industry
practice, with the majority based in North America and the balance
based in Australia. The acquisition expands capabilities for
Accenture to deliver strategy services for CMT clients with
pioneering strategic thinking around key industry issues such as
networks, digital video and IPTV, digital transformation, next
generation mobility, internet of things (IoT), M&A, cloud,
advanced advertising, data analytics and insights, marketing
optimization and international growth.
“Clients are seeking clarity amid the fast-paced disruption that
has become the norm in the CMT industries and across all parts of
their business and operations,” said Greg Douglass, senior managing
director, Accenture Strategy Communications, Media & Technology
practice. “The acquisition of IBB Consulting enhances our ability
to deliver the latest thinking and strategies to our clients by
leveraging emerging technologies that ultimately help them compete
and win in the face of an expanding and evolving competitive
landscape.”
Founded in 2001 with headquarters in Philadelphia, IBB
Consulting serves as convergence specialists to leading broadband,
media, mobile and technology companies. IBB Consulting’s deep
industry focus—that spans network infrastructure, software, content
and devices—enables global clients to pioneer new products and
services, develop innovative business models and successfully
execute business operations.
“The convergence across companies in the CMT industries is an
opportunity to define and deliver a new breed of capabilities that
drive competitiveness, reduce costs and expand operational
excellence for our clients,” said Dr. Imran Shah, co-founder and
managing partner of IBB Consulting. “We are excited to be a key
part of the Accenture Strategy family and to expand the delivery of
deep, industry-specific strategies for clients seeking to stake
claims in the digital world.”
Terms of the deal were not disclosed.
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
425,000 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 Strategy operates at the intersection of business and
technology. We bring together our capabilities in business,
technology, operations and function strategy to help our clients
envision and execute industry-specific strategies that support
enterprise wide transformation. Our focus on issues related to
digital disruption, competitiveness, global operating models,
talent and leadership help drive both efficiencies and growth. For
more information, follow @AccentureStrat or visit
www.accenture.com/strategy.
About IBB Consulting
IBB Consulting is a premier strategy consulting firm serving top
companies in wireless and mobility, broadband and media. Founded in
2001, IBB Consulting’s team of senior industry experts leverages
its extensive business planning, strategy, technology and execution
experience to help clients pioneer new products and services,
develop innovative business models, and successfully execute
business operations. IBB Consulting has worked with leading
companies to conceive and grow some of the most significant
strategic, marketing and operational and technology initiatives in
the industry. The firm is based in Philadelphia. More information
about IBB is available at www.ibbconsulting.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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AccentureAlexander Aizenberg,
917-452-9878alexander.aizenberg@accenture.com
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