NORCROSS, Georgia, June 06, 2022–(BUSINESS WIRE)–Accenture (NYSE:ACN) has acquired Advocate Networks, LLC, a leading provider of technology consulting and managed services of technology enterprise management solutions (TBM) that help organizations create business value, save money and modernize their technology platforms. Terms of the transaction were not disclosed.
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Accenture has acquired Advocate Networks, a technology consultancy and managed services provider of technology enterprise management solutions. (Photo: BusinessWire)
Based in Norcross, GA, Advocate’s team of 85+ professionals joins Accenture’s technology consulting and strategy practice, bringing capabilities to help clients define, design and measure the value of their transformations digital and cloud. Advocate has deep technology expertise and a full suite of services that help organizations align technology investments with business goals and uncover cost savings to reinvest in initiatives that drive growth and transformation.
“Companies expect their technology investments to fuel innovation and transform business operations and are increasingly adopting TBM principles to optimize spend and deliver and demonstrate immediate strategic business value,” said Keith Boone, Head of Strategy and Technology Consulting for North America at Accenture. “Through the powerful combination of Accenture and Advocate, we will offer a wealth of industry-leading resources and capabilities to help our clients measure the value of technology initiatives in clear and quantifiable ways.”
Advocate’s full suite of TBM services, from strategic consulting to TBM as a Service (TBMaaS), complements Accenture’s cloud and digital transformation services and end-to-end capabilities for TBM and FinOps. Advocate also brings accelerators for industry-leading tools and dashboards for IT and service value management that will enhance the insights delivered by Accenture’s proprietary assets, such as Accenture Momentum, myConcerto, myDiagnostic and myNav, with additional TBM analyses.
“For more than two decades, Advocate’s enterprise clients have relied on our dedicated team of TBM advisors, industry thought leaders, and technology experts to drive efficiencies and uncover savings for new investments,” said Tim Wise, co-founder and co-CEO of Advocate. . “We share Accenture Technology Strategy & Advisory’s goal of helping clients design and realize exceptional business value from technology and are excited to bring our combined capabilities to new and existing clients.”
Accenture’s Technology Strategy and Consulting practice works with clients to define their technology visions and develop the roadmaps and execution plans needed to create lasting value from technology investments.
Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialist skills in more than 40 industries, we offer strategy and advisory, technology and operations, and Accenture Song services, all powered by the world’s largest network of advanced technology centers and smart operations. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, our people, our shareholders, our partners and our communities. Visit us at accenture.com.
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These risks include, but are not limited to, the risks that: the transaction will not produce the expected benefits for Accenture; Accenture’s operating results have been, and may in the future, be affected by volatile, adverse or uncertain economic and political conditions and the effects of such conditions on the businesses and business levels of Accenture’s clients. ‘company ; Accenture faces legal, reputational, and financial risks if it fails to protect customer and/or corporate data from security incidents or cyberattacks; Accenture’s business depends on generating and sustaining continued, profitable customer demand for the company’s services and solutions, including adapting and expanding its services and solutions in response to changing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to changes in the technological environment could materially affect the Company’s results of operations; if Accenture is unable to match people and skills to global client demand and attract and retain professionals with strong leadership skills, business operations, the rate of the use of Company professionals and the Company’s results of operations could be materially affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive and Accenture may not be able to compete effectively; Accenture’s ability to attract and retain businesses and employees may depend on its reputation in the marketplace; if Accenture fails to 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’s profitability could suffer materially if the company is unable to obtain favorable prices for its services and solutions, if the company is unable to remain competitive, if its cost management strategies fail or if it experiences delivery inefficiencies or fails to meet certain agreed-upon conditions. on specific objectives or service levels; changes in Accenture’s level of taxation, as well as tax audits, investigations and proceedings, or changes in tax laws or their interpretation or application, could have a material adverse effect on the effective tax rate of business, results of operations, cash flows and financial condition. condition; Accenture’s results of operations could be materially affected by fluctuations in foreign exchange rates; changes in accounting standards or in estimates and assumptions made by Accenture in preparing its consolidated financial statements could adversely affect its financial results; Accenture may not be able to access additional capital on favorable terms or at all and if the company raises equity, it could dilute its shareholders’ stake in the business; due to Accenture’s geographically diverse operations and growth strategy to continue expanding in its 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 may not be able to achieve its business objectives; Accenture may not be successful in acquiring, investing or integrating businesses, forming joint ventures or divesting businesses; Accenture’s business could be materially affected if the company incurs legal liability; Accenture’s global operations expose the company to many 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 the intellectual property rights of others or if the company loses its ability to use the intellectual property from others, its activity could be negatively affected; Accenture’s results of operations and share price could be adversely affected if Accenture is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; and the risks, uncertainties and other factors discussed under “Risk Factors” 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. 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