NORCROSS, Ga.–(Small business WIRE)–Jun 6, 2022–
Accenture (NYSE: ACN) has acquired Advocate Networks, LLC, a primary technology consultancy and managed services supplier of Technological know-how Business enterprise Administration (TBM) alternatives that help businesses build organization worth, reach value price savings and modernize their technological know-how platforms. Terms of the transaction had been not disclosed.
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Accenture acquired Advocate Networks, technology consultancy and managed solutions service provider of Technological know-how Business Administration methods. (Picture: Company Wire)
Headquartered in Norcross, Ga, Advocate’s group of extra than 85 specialists is signing up for Accenture’s Know-how Strategy & Advisory exercise, bringing abilities for assisting consumers determine, architect and measure value from their digital and cloud transformations. Advocate has deep technological innovation knowledge and a entire suite of companies that enable companies align technological know-how investments with small business plans and uncover cost savings to reinvest in initiatives that generate progress and transformation.
“Organizations count on their technology investments to gasoline innovation and transform company functions and are increasingly adopting TBM principles to improve commit and provide and show speedy strategic small business price,” stated Keith Boone, Accenture’s North The united states Technology Method & Advisory lead. “With the impressive mix of Accenture and Advocate, we will provide a multitude of business-major methods and capabilities to help our clients measure the value of know-how initiatives in a crystal clear, quantifiable method.”
Advocate’s total suite of TBM expert services, from strategic advisory to TBM-as-a-service (TBMaaS), enhance Accenture’s cloud and electronic transformation solutions and conclude-to-close capabilities for TBM and FinOps. Advocate also brings accelerators for industry-major equipment and dashboards for IT price management and products and services that will enrich insights supplied by Accenture’s proprietary assets, these kinds of as Accenture Momentum, myConcerto, myDiagnostic and myNav, with added TBM analytics.
“For extra than two decades, Advocate’s organization shoppers have relied on our focused staff of TBM advisors, market assumed leaders and technology specialists to enhance performance and uncover cost savings for new investments,” stated Tim Smart, co-founder and co-CEO of Advocate. “We share Accenture Engineering Technique & Advisory’s intent for helping shoppers architect and know exceptional company worth from technological know-how and are enthusiastic to convey our put together abilities to both new and existing customers.”
Accenture’s Technology Approach & Advisory apply functions with purchasers to define their technology visions and make the vital roadmaps and execution programs to produce sustainable worth from technology investments.
Accenture is a worldwide qualified expert services enterprise with main abilities in digital, cloud and security. Combining unmatched experience and specialised competencies throughout extra than 40 industries, we provide Approach and Consulting, Engineering and Functions solutions and Accenture Song—all powered by the world’s greatest community of Superior Technological innovation and Smart Operations facilities. Our 699,000 persons deliver on the guarantee of engineering and human ingenuity each working day, serving clientele in additional than 120 international locations. We embrace the ability of adjust to generate worth and shared results for our shoppers, men and women, shareholders, partners and communities. Stop by us at accenture.com.
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These dangers include, devoid of limitation, threats that: the transaction might not reach the expected added benefits for Accenture Accenture’s effects of operations have been, and might in the long term be, adversely afflicted by unstable, adverse or unsure economic and political disorders and the results of these situations on the company’s clients’ companies and levels of business exercise Accenture faces legal, reputational and money hazards from any failure to secure consumer and/or organization knowledge from stability incidents or cyberattacks Accenture’s small business is dependent on building and preserving ongoing, successful consumer desire for the company’s products and services and answers which includes by way of the adaptation and expansion of its services and methods in reaction to ongoing changes in know-how and choices, and a major reduction in these types of need or an lack of ability to reply to the evolving technological setting could materially impact the company’s results of operations if Accenture is unable to match men and women and skills with client need all around the world and attract and retain gurus with potent leadership capabilities, the company’s company, the utilization fee of the company’s gurus and the company’s results of functions could be materially adversely afflicted the COVID-19 pandemic has impacted Accenture’s enterprise and functions, and the extent to which it will continue on to do so and its affect on the company’s long term monetary results are uncertain the markets in which Accenture operates are highly competitive, and Accenture might not be ready to contend proficiently Accenture’s capability to bring in and keep business and workforce may well count on its standing in the market if Accenture does not efficiently take care of and acquire its interactions with essential alliance associates or fails to anticipate and build new alliances in new systems, the company’s benefits of operations could be adversely affected Accenture’s profitability could materially experience if the organization is unable to acquire favorable pricing for its solutions and alternatives, if the enterprise is not able to continue to be competitive, if its price-administration tactics are unsuccessful or if it ordeals supply inefficiencies or fail to satisfy particular agreed-on targets or specific provider degrees improvements in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or improvements in tax regulations or in their interpretation or enforcement, could have a material adverse impact on the company’s helpful tax charge, results of operations, funds flows and money issue Accenture’s benefits of operations could be materially adversely affected by fluctuations in overseas forex trade fees changes to accounting criteria or in the estimates and assumptions Accenture helps make in link with the planning of its consolidated fiscal statements could adversely influence its fiscal success Accenture could possibly be unable to access supplemental funds on favorable phrases or at all and if the company raises equity cash, it may well dilute its shareholders’ ownership curiosity in the firm as a consequence of Accenture’s geographically numerous functions and its expansion method to continue to develop in its critical markets around the globe, the firm is additional susceptible to certain pitfalls if Accenture is unable to deal with the organizational difficulties related with its dimensions, the firm may be unable to realize its company goals Accenture could possibly not be prosperous at acquiring, investing in or integrating businesses, entering into joint ventures or divesting firms Accenture’s business enterprise could be materially adversely influenced if the corporation incurs authorized liability Accenture’s world wide functions expose the firm to various and in some cases conflicting authorized and regulatory demands Accenture’s function with governing administration shoppers exposes the firm to further risks inherent in the authorities contracting surroundings if Accenture is unable to protect or implement its mental house rights or if Accenture’s solutions or solutions infringe on the intellectual residence rights of others or the firm loses its capacity to make use of the mental residence of other people, its enterprise could be adversely impacted Accenture’s benefits of operations and share price tag could be adversely affected if it is not able to sustain productive inside controls Accenture could be matter to criticism and destructive publicity linked to its incorporation in Ireland as effectively as the risks, uncertainties and other factors discussed below the “Risk Factors” heading in Accenture plc’s most recent Once-a-year Report on Type 10-K and other paperwork filed with or furnished to the Securities and Trade Fee. Statements in this information release talk only as of the date they have been manufactured, and Accenture undertakes no obligation to update any forward-seeking statements produced in this information release or to conform these types of statements to true final results or variations in Accenture’s anticipations.
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PUB: 06/06/2022 01:10 PM/DISC: 06/06/2022 01:11 PM