Accenture Acquires BRIDGE Energy Group to Advance Utilities’ Agenda for the Grid of the Future
June 03 2019 - 4:29PM
Business Wire
Acquisition enhances Accenture’s capabilities
in grid modernization, analytics and security services for
utilities in North America
Accenture (NYSE: ACN) has acquired BRIDGE Energy Group (BRIDGE),
a Boston-based consulting and systems integration firm that
provides grid modernization, analytics and security services to
utilities in North America. Terms of the transaction were not
disclosed.
BRIDGE serves North American electric utilities, and its
experience and strong relationships with transmission and
distribution leaders, managers and subject matter experts bolsters
Accenture’s portfolio of end-to-end services for electric
transmission and distribution service providers.
“We are excited to welcome BRIDGE to Accenture to better help
utilities drive transformation by creating new efficiencies for
assets and operations while uncovering new revenue streams,” said
Stephanie Jamison, a managing director at Accenture who leads its
Transmission and Distribution business. “Similar to our 2015
acquisition of the Structure Group, BRIDGE will help us meet
growing demand from our utilities clients for evaluating and
applying new and emerging technologies, including advanced
analytics, artificial intelligence, the cloud and blockchain, to
develop the grid of the future.”
Utilities require new services and innovative thinking to better
manage industry pressures, including new regulations, an aging
workforce, extreme weather events and the proliferation of
distributed energy resources (DER) such as solar, wind power,
storage and electric vehicles. BRIDGE excels in helping clients
develop, deploy and operate solutions for these challenges,
including real-time operations, DER management, transmission
renewables integration, grid analytics, and grid security
compliance.
“Joining forces with Accenture will provide the scale, career
training, ecosystem and other strengths that will further enable
our employees to leverage their strong industry skills to achieve
even greater success in serving clients and advancing their
careers,” said Hugo van Nispen, BRIDGE’s CEO. “It’s very exciting
to jointly tackle our clients’ most complex challenges through
innovation, especially for grid modernization, reliability and
resiliency. I look forward to our clients and our team benefiting
from Accenture’s deep industry and technology expertise and its
end-to-end innovation capabilities.”
BRIDGE’s employees have joined the utilities practice of
Accenture’s Resources operating group.
Founded in 2004, BRIDGE has received multiple notable awards and
recognition for its accomplishments in the industry, including
six-times on Inc. magazine’s “Inc. 5000” list of the
fastest-growing American companies in 2010-2014 and 2016, Smart
Grid Product of the Year Award from SmartGrid,in 2015 and 2017 and
Gold winner of the Global Excellence Awards® in the New Products
and Services category in 2018 by Info Security Products Guide.
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 477,000 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,”
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Guy CantwellAccenture+ 1 281 900
9089guy.cantwell@accenture.com
Matt CorserAccenture+44 755 784
9009matthew.corser@accenture.com
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