Unique combination of cross-industry,
insight-driven analysis and Accenture’s end-to-end capabilities
will help clients respond to change and drive innovation
Accenture (NYSE: ACN) has acquired AlphaBeta Advisors, a
privately held Australian consultancy that combines business
strategy, data analytics and econometrics to advise leading
organisations on how to respond to profound technological, economic
and social change. This acquisition will enable Accenture to expand
its analytics-led Strategy capabilities in market.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200227006041/en/
Pictured are Bob Easton, chairman of
Accenture in Australia and New Zealand (left) with Dr. Andrew
Charlton, founder and director at AlphaBeta Advisors (Photo:
Business Wire)
As advisors to leading organisations across all major
industries, such as government, technology and financial services,
AlphaBeta Advisors helps clients to better understand the market
forces shaping their industries now and into the future so that
they can remain relevant, grow and be prosperous. AlphaBeta
Advisors experts have worked on projects aimed at tackling some of
Australia’s biggest contemporary challenges such as: the future of
work; national reform programs; and technology and innovation,
among many others.
“In its short history, AlphaBeta Advisors has carved out a
unique and differentiated position in the local marketplace,” said
Bob Easton, chairman of Accenture in Australia and New Zealand. “We
are strongly aligned in how we work with organisations to address
some of the most pressing issues and opportunities of our time.
AlphaBeta Advisors’s data and analytics-led approach to strategy
and consulting will boost the specialised strategic advice
Accenture offers clients to help them achieve competitive agility
by turning data-driven insights into real action and impact.”
Founded in 2015, AlphaBeta Advisors has a presence in Sydney,
Melbourne and Canberra, and employs an experienced team of
approximately 35 people with backgrounds in data analytics,
economics and public policy, among others.
“Following a period of rapid growth, we are ready to take our
business to the next level. By joining forces and combining our
data-led advisory services with Accenture’s world-class strategy
capabilities, we will be best positioned to guide clients on the
journey from strategy through to execution,” said Andrew Charlton,
founder and director at AlphaBeta Advisors.
In this past year, Accenture has made four other acquisitions in
Australia, including SAP and business intelligence specialists,
Icon Integration in February 2020; specialist Government
consultancy, Apis Group in December 2019; big data and analytics
company Analytics8 in August 2019; and cybersecurity and technology
company BCT Solutions in June 2019.
“Our locally-focussed investment is helping to create further
differentiation for our services in the marketplace. We know that
innovation, underpinned by expert advice and powered by digital
technologies, is a winning combination for our clients,” said Bob
Easton.
The acquisition signed and closed simultaneously. Terms of the
transaction 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 505,000 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 combines deep industry expertise, advanced
analytics capabilities and human-led design methodologies that
enable clients to act with speed and confidence. By identifying
clear, actionable paths to accelerate competitive agility,
Accenture Strategy helps leaders in the C-suite envision and
execute strategies that drive growth in the face of digital
transformation. For more information, follow @AccentureStrat or
visit www.accenture.com/strategy.
About AlphaBeta Advisors
Founded in 2015, AlphaBeta Advisors saw a need for a new breed
of consultant who could marry technical skills with policy insight
and stakeholder management to help solve the most pressing issues
facing business and government. AlphaBeta Advisors specialises in
data-driven analysis that helps clients understand the forces
shaping their industries, drawing on their unique suite of
economic, education, employment, housing, satellite and transport
data. Following a period of rapid growth, AlphaBeta Advisors now
has offices in Sydney, Melbourne and Canberra, and employs
approximately 35 people with backgrounds in public policy, data
analytics, economics and business. AlphaBeta Advisors has
operations in Singapore which do not form part of this transaction;
the Singaporean business is owned and managed separately and will
continue to operate independently.
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 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 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 evolving
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; Accenture could face legal,
reputational and financial risks if the company fails to protect
client and/or company data from security breaches or cyberattacks;
the markets in which Accenture operates are highly competitive, and
Accenture might not be able to compete effectively; 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 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; Accenture’s results of
operations could be materially adversely affected by fluctuations
in foreign currency exchange rates; as a result of Accenture’s
geographically diverse operations and its growth strategy to
continue to expand in its key markets around the world, the company
is more susceptible to certain risks; 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; if Accenture is unable to manage the organizational
challenges associated with its size, the company might be unable to
achieve its business objectives; Accenture’s ability to attract and
retain business and employees may depend on its reputation in the
marketplace; if Accenture does not successfully manage and develop
its relationships with key alliance partners or fails to anticipate
and establish new alliances in new technologies, the company’s
results of operations could be adversely affected; Accenture might
not be successful at acquiring, investing in or integrating
businesses, entering into joint ventures or divesting businesses;
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’s results of
operations and share price could be adversely affected if it is
unable to maintain effective internal controls; 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;
many of Accenture’s contracts include fees subject to the
attainment of targets or specific service levels, which could
increase the variability of the company’s revenues and impact its
margins; Accenture might be unable to access additional capital on
favorable terms or at all and if the company raises equity capital,
it may dilute its shareholders’ ownership interest in the company;
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/20200227006041/en/
Sinéad Moore Accenture Australia +61 419 468 985
sinead.moore@accenture.com
Alexander Aizenberg Accenture +1 917 452 9878
alexander.aizenberg@accenture.com
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