OPENSTREAM HOLDINGS’ subsidiaries, Open Stream
and Neutral will strengthen Accenture’s cloud, AI, smart logistics,
retail and manufacturing capabilities
Accenture (NYSE: ACN) has agreed to acquire OPENSTREAM HOLDINGS
and its subsidiaries, Open Stream and Neutral, to help clients
reinvent their businesses with advanced digital technologies and
become truly data-driven. Terms of the transaction were not
disclosed.
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Accenture has agreed to acquire
OPENSTREAM HOLDINGS and its subsidiaries, Open Stream and Neutral,
to help clients reinvent their businesses with advanced digital
technologies and become truly data-driven. (Graphic: Business
Wire)
The acquisition will add approximately 1,000 cloud and other
digital experts to Accenture’s cloud and digital engineering and
manufacturing teams. They will strengthen Accenture’s capabilities
to support clients in system and application modernization and help
them adopt cloud, data, AI and IoT technologies. They will also
enhance Accenture’s business by bringing a strong client portfolio
and automation solutions for the entire product value chain, from
procurement and manufacturing processes to logistics and
after-sales service.
Open Stream, with a team of 600 professionals, provides
consulting and systems integration services, and advanced
technologies, including cloud, AI, IoT and cybersecurity, for
logistics and retail industries. The firm also offers low-code
development platforms for production management, inventory
management, logistics and accounting systems used by more than
2,800 companies, and solutions for smart factories. Open Stream
became part of OPENSTREAM HOLDINGS in 2020.
Neutral and its 400 professionals specialize in system
integration in the automotive and the manufacturing industries. The
firm has built strong credentials in manufacturing management, 3D
computer-aided design and computer-aided engineering solutions for
the manufacturing industry, system integration of electronic
medical records for medical institutions, system integration for
local governments, and AI-powered forecasting, root cause analysis
and predictive maintenance tools. Neutral joined OPENSTREAM
HOLDINGS in 2021.
“With OPENSTREAM HOLDINGS, we can better help our clients
reinvent their businesses and become truly data-driven,” said
Atsushi Egawa who leads Accenture’s business in Japan. “The cloud
and digital expertise that OPENSTREAM HOLDINGS, Open Stream and
Neutral possess aligns perfectly with Accenture’s broad
capabilities and deep experience in cloud, data and AI. Open
Stream’s and Neutral’s talent, solutions and client relationships
with manufacturing and logistics companies will also strengthen our
Industry X service. Our shared culture and strategy of embracing
change will allow us to help Japanese companies scale faster and
achieve value quicker.”
“Under our group vision of 'continuously challenging the norm',
OPENSTREAM HOLDINGS has been attuned to changes in society and the
market, contributing to the creation of a future society enabled by
advanced digital technologies,” said Kazuhiko Yoshihara,
Representative Director & President of OPENSTREAM HOLDINGS.
“Recognizing the accelerated pace of digital reinvention, we aim to
be a constant presence that galvanizes the industry by walking
together with our clients. Accenture is a company that has realized
similar ideals across industries and borders. By joining together,
we can further leverage the achievements and experiences we have
built in a wide range of fields and contribute to the creation of a
better future society.”
By acquiring OPENSTREAM HOLDINGS and its subsidiaries, Accenture
continues to invest in its technology and digital engineering and
manufacturing capabilities in Japan. In April, the company acquired
CLIMB, a technology services provider for system integration, IT
infrastructure management and operations, primarily in the Gunma
Prefecture. In January, Accenture established a joint venture with
MUJIN to bring AI and robotics to the manufacturing and logistics
industries. In 2022, it added Trancom ITS’ digital engineering and
operational technology capabilities to its Industry X business. In
2021, it acquired DI Square’s consulting capabilities for product
lifecycle management (PLM) and application lifecycle management
(ALM) systems integration.
Completion of the acquisition is subject to customary closing
conditions.
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading businesses, governments and other
organizations build their digital core, optimize their operations,
accelerate revenue growth and enhance citizen services—creating
tangible value at speed and scale. We are a talent- and
innovation-led company with approximately 742,000 people serving
clients in more than 120 countries. Technology is at the core of
change today, and we are one of the world’s leaders in helping
drive that change, with strong ecosystem relationships. We combine
our strength in technology and leadership in cloud, data and AI
with unmatched industry experience, functional expertise and global
delivery capability. We are uniquely able to deliver tangible
outcomes because of our broad range of services, solutions and
assets across Strategy & Consulting, Technology, Operations,
Industry X and Song. These capabilities, together with our culture
of shared success and commitment to creating 360° value, enable us
to help our clients reinvent and build trusted, lasting
relationships. We measure our success by the 360° value we create
for our clients, each other, our shareholders, partners and
communities. 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,” “aspires,” “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,”
“positioned,” “outlook,” “goal,” “target” and similar expressions
are used to identify these forward-looking statements. These
statements are not guarantees of future performance nor promises
that goals or targets will be met, and involve a number of risks,
uncertainties and other factors that are difficult to predict and
could cause actual results to differ materially from those
expressed or implied. These risks include, without limitation,
risks that: Accenture and OPENSTREAM HOLDINGS 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 Accenture; Accenture’s results of
operations have been, and may in the future be, adversely affected
by volatile, negative or uncertain economic and political
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 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 evolving
technological environment could materially affect the company’s
results of operations; if Accenture is unable to match people and
their skills 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; Accenture faces legal, reputational and financial risks
from any failure to protect client and/or company data from
security incidents or cyberattacks; the markets in which Accenture
operates are highly competitive, and Accenture might not be able to
compete effectively; Accenture’s ability to attract and retain
business and employees may depend on its reputation in the
marketplace; Accenture’s environmental, social and governance (ESG)
commitments and disclosures may expose it to reputational risks and
legal liability; if Accenture does not successfully manage and
develop its relationships with key ecosystem partners or fails to
anticipate and establish new alliances in new technologies, the
company’s results of operations could be adversely affected;
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 or fail to satisfy certain agreed-upon
targets or specific service levels; 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;
changes to accounting standards or in the estimates and assumptions
Accenture makes in connection with the preparation of its
consolidated financial statements could adversely affect its
financial results; as a result of Accenture’s geographically
diverse operations and strategy to continue to grow in key markets
around the world, the company is more susceptible to certain risks;
if Accenture is unable to manage the organizational challenges
associated with its size, the company might be unable to achieve
its business objectives; Accenture might not be successful at
acquiring, investing in or integrating businesses, entering into
joint ventures or divesting businesses; Accenture’s business could
be materially adversely affected if the company incurs legal
liability; Accenture’s global operations expose the company to
numerous and sometimes conflicting legal and regulatory
requirements; Accenture’s work with government clients exposes the
company to additional risks inherent in the government contracting
environment; if Accenture is unable to protect or enforce its
intellectual property rights or if Accenture’s services or
solutions infringe upon the intellectual property rights of others
or the company loses its ability to utilize the intellectual
property of others, its business could be adversely affected;
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: https://www.businesswire.com/news/home/20240516015051/en/
Kentaro Kanda Accenture +81 3 3588 3000
accenture.jp.media@accenture.com
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