Breaking News

Accenture Acquires Advocate, Expanding Technology Business Management Capabilities

NORCROSS, Ga., June 06, 2022–(Business enterprise WIRE)–Accenture (NYSE: ACN) has acquired Advocate Networks, LLC, a foremost technological innovation consultancy and managed products and services company of Know-how Organization Management (TBM) options that assist corporations build organization benefit, achieve value discounts and modernize their technologies platforms. Phrases of the transaction have been not disclosed.

This press release features multimedia. Watch the total launch in this article: https://www.businesswire.com/information/home/20220602005179/en/

Accenture obtained Advocate Networks, know-how consultancy and managed solutions supplier of Know-how Business enterprise Administration answers. (Image: Business Wire)

Headquartered in Norcross, Ga, Advocate’s group of more than 85 industry experts is joining Accenture’s Technological know-how Strategy & Advisory apply, bringing abilities for assisting shoppers determine, architect and evaluate worth from their digital and cloud transformations. Advocate has deep technologies expertise and a full suite of expert services that help organizations align technology investments with enterprise goals and uncover financial savings to reinvest in initiatives that drive progress and transformation.

“Businesses expect their technology investments to gasoline innovation and change company operations and are significantly adopting TBM principles to optimize invest and produce and display fast strategic business worth,” explained Keith Boone, Accenture’s North America Technology Approach & Advisory lead. “With the powerful combination of Accenture and Advocate, we will provide a multitude of sector-primary assets and abilities to help our shoppers evaluate the worth of technologies initiatives in a obvious, quantifiable way.”

Advocate’s complete suite of TBM providers, from strategic advisory to TBM-as-a-services (TBMaaS), enhance Accenture’s cloud and digital transformation companies and conclusion-to-end capabilities for TBM and FinOps. Advocate also brings accelerators for industry-major applications and dashboards for IT benefit administration and providers that will increase insights delivered by Accenture’s proprietary property, such as Accenture Momentum, myConcerto, myDiagnostic and myNav, with added TBM analytics.

“For much more than two decades, Advocate’s company purchasers have relied on our focused workforce of TBM advisors, business assumed leaders and technologies specialists to increase effectiveness and uncover cost savings for new investments,” said Tim Clever, co-founder and co-CEO of Advocate. “We share Accenture Technology System & Advisory’s function for aiding purchasers architect and comprehend remarkable enterprise price from technological know-how and are psyched to convey our combined abilities to both equally new and current shoppers.”

Accenture’s Know-how Tactic & Advisory practice works with shoppers to define their technological innovation visions and build the important roadmaps and execution designs to produce sustainable benefit from technologies investments.

About Accenture
Accenture is a world wide qualified services enterprise with major capabilities in digital, cloud and protection. Combining unmatched encounter and specialised expertise throughout much more than 40 industries, we offer you Strategy and Consulting, Technological know-how and Operations companies and Accenture Song—all run by the world’s greatest network of Sophisticated Engineering and Smart Functions facilities. Our 699,000 people produce on the guarantee of engineering and human ingenuity each working day, serving clients in additional than 120 nations around the world. We embrace the electricity of improve to build price and shared accomplishment for our clientele, men and women, shareholders, partners and communities. Pay a visit to us at accenture.com.

Forward-Seeking Statements
Besides for the historical facts and discussions contained herein, statements in this news launch may represent ahead-wanting statements in the that means of the Private Securities Litigation Reform Act of 1995. Words and phrases these as “could,” “will,” “should really,” “very likely,” “anticipates,” “expects,” “intends,” “ideas,” “assignments,” “thinks,” “estimates,” “positioned,” “outlook” and identical expressions are employed to detect these forward-seeking statements. These statements contain a amount of hazards, uncertainties and other factors that could cause precise results to differ materially from all those expressed or implied. Quite a few of the subsequent challenges, uncertainties and other variables discovered under may be amplified by the invasion of Ukraine by Russia, the sanctions (like their duration), and other measures remaining imposed in response to this conflict, as effectively as any escalation or expansion of economic disruption or the conflict’s existing scope. These risks contain, without having limitation, threats that: the transaction could possibly not reach the anticipated added benefits for Accenture Accenture’s benefits of functions have been, and may in the future be, adversely afflicted by volatile, negative or unsure economic and political disorders and the outcomes of these conditions on the company’s clients’ businesses and stages of enterprise action Accenture faces authorized, reputational and economical challenges from any failure to protect customer and/or enterprise knowledge from security incidents or cyberattacks Accenture’s company relies upon on making and keeping ongoing, rewarding customer demand for the company’s expert services and options like by the adaptation and enlargement of its products and services and solutions in reaction to ongoing improvements in know-how and choices, and a considerable reduction in this sort of desire or an inability to react to the evolving technological natural environment could materially impact the company’s benefits of operations if Accenture is not able to match men and women and abilities with customer demand from customers all over the environment and catch the attention of and retain pros with potent management skills, the company’s organization, the utilization level of the company’s professionals and the company’s effects of operations may possibly be materially adversely influenced the COVID-19 pandemic has impacted Accenture’s business enterprise and operations, and the extent to which it will keep on to do so and its effects on the company’s foreseeable future monetary benefits are uncertain the markets in which Accenture operates are very competitive, and Accenture could not be ready to contend proficiently Accenture’s ability to draw in and retain company and personnel may well rely on its name in the market if Accenture does not efficiently take care of and develop its associations with essential alliance associates or fails to anticipate and establish new alliances in new systems, the company’s outcomes of functions could be adversely impacted Accenture’s profitability could materially put up with if the enterprise is unable to receive favorable pricing for its companies and remedies, if the organization is unable to continue being competitive, if its price tag-management tactics are unsuccessful or if it activities delivery inefficiencies or fall short to fulfill selected agreed-on targets or certain provider levels variations in Accenture’s level of taxes, as very well as audits, investigations and tax proceedings, or changes in tax regulations or in their interpretation or enforcement, could have a substance adverse effect on the company’s successful tax charge, effects of operations, cash flows and economical problem Accenture’s outcomes of operations could be materially adversely afflicted by fluctuations in foreign forex trade charges variations to accounting requirements or in the estimates and assumptions Accenture makes in relationship with the preparation of its consolidated money statements could adversely have an effect on its economic final results Accenture may be unable to access supplemental cash on favorable conditions or at all and if the organization raises equity cash, it may well dilute its shareholders’ ownership interest in the organization as a end result of Accenture’s geographically numerous operations and its expansion system to continue on to develop in its vital markets around the environment, the organization is much more susceptible to selected pitfalls if Accenture is not able to handle the organizational difficulties linked with its measurement, the company may well be not able to accomplish its company aims Accenture could not be profitable at obtaining, investing in or integrating organizations, coming into into joint ventures or divesting companies Accenture’s business could be materially adversely impacted if the company incurs authorized legal responsibility Accenture’s world wide operations expose the business to quite a few and from time to time conflicting lawful and regulatory specifications Accenture’s work with government customers exposes the business to additional pitfalls inherent in the authorities contracting atmosphere if Accenture is unable to shield or implement its intellectual assets legal rights or if Accenture’s services or methods infringe upon the intellectual house legal rights of some others or the enterprise loses its skill to benefit from the intellectual assets of other individuals, its company could be adversely impacted Accenture’s effects of functions and share value could be adversely afflicted if it is not able to keep powerful interior controls Accenture may well be subject matter to criticism and adverse publicity associated to its incorporation in Ireland as nicely as the challenges, uncertainties and other factors mentioned underneath the “Possibility Components” heading in Accenture plc’s most new Yearly Report on Sort 10-K and other documents submitted with or furnished to the Securities and Exchange Commission. Statements in this information launch discuss only as of the date they were being created, and Accenture undertakes no responsibility to update any ahead-seeking statements manufactured in this news launch or to conform this sort of statements to actual final results or alterations in Accenture’s anticipations.

Copyright © 2022 Accenture. All legal rights reserved. Accenture and its brand are emblems of Accenture.

View resource version on businesswire.com: https://www.businesswire.com/information/dwelling/20220602005179/en/

Contacts

Maggie Nolan
Accenture
+1 917 852 3694
[email protected]