Accenture Acquires Advocate, Expanding Technology Business Management Capabilities

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NORCROSS, Ga., June 06, 2022–(Organization WIRE)–Accenture (NYSE: ACN) has acquired Advocate Networks, LLC, a main technologies consultancy and managed solutions supplier of Engineering Organization Management (TBM) alternatives that assistance corporations develop business enterprise worth, accomplish price cost savings and modernize their engineering platforms. Conditions of the transaction ended up not disclosed.

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Accenture acquired Advocate Networks, engineering consultancy and managed providers supplier of Technologies Business enterprise Management methods. (Photograph: Company Wire)

Headquartered in Norcross, Georgia, Advocate’s workforce of additional than 85 professionals is joining Accenture’s Technologies Tactic & Advisory practice, bringing capabilities for supporting consumers define, architect and evaluate benefit from their electronic and cloud transformations. Advocate has deep technology know-how and a total suite of products and services that assistance businesses align technological innovation investments with company ambitions and uncover financial savings to reinvest in initiatives that drive development and transformation.

“Corporations anticipate their know-how investments to gasoline innovation and remodel business enterprise functions and are ever more adopting TBM rules to optimize shell out and supply and display rapid strategic small business value,” claimed Keith Boone, Accenture’s North The us Technological know-how Technique & Advisory direct. “With the strong combination of Accenture and Advocate, we will present a multitude of sector-leading methods and capabilities to assistance our consumers measure the benefit of technological know-how initiatives in a very clear, quantifiable way.”

Advocate’s whole suite of TBM companies, from strategic advisory to TBM-as-a-service (TBMaaS), complement Accenture’s cloud and digital transformation expert services and conclude-to-close capabilities for TBM and FinOps. Advocate also brings accelerators for market-leading tools and dashboards for IT value administration and expert services that will boost insights supplied by Accenture’s proprietary assets, these kinds of as Accenture Momentum, myConcerto, myDiagnostic and myNav, with added TBM analytics.

“For more than two many years, Advocate’s company customers have relied on our focused team of TBM advisors, sector assumed leaders and engineering experts to strengthen effectiveness and uncover personal savings for new investments,” said Tim Clever, co-founder and co-CEO of Advocate. “We share Accenture Technology Strategy & Advisory’s reason for encouraging clientele architect and know fantastic organization value from technologies and are fired up to deliver our merged capabilities to equally new and existing clients.”

Accenture’s Know-how Tactic & Advisory practice works with shoppers to define their engineering visions and create the necessary roadmaps and execution designs to develop sustainable benefit from technology investments.

About Accenture
Accenture is a international professional companies corporation with major capabilities in electronic, cloud and stability. Combining unmatched working experience and specialised expertise throughout far more than 40 industries, we offer Method and Consulting, Engineering and Functions solutions and Accenture Song—all powered by the world’s most significant network of Superior Know-how and Smart Operations facilities. Our 699,000 persons deliver on the assure of technology and human ingenuity just about every working day, serving purchasers in far more than 120 nations around the world. We embrace the ability of transform to generate price and shared results for our clients, people, shareholders, associates and communities. Take a look at us at accenture.com.

Ahead-Wanting Statements
Except for the historic info and conversations contained herein, statements in this news release may possibly constitute forward-hunting statements in the which means of the Private Securities Litigation Reform Act of 1995. Words and phrases this kind of as “could,” “will,” “ought to,” “likely,” “anticipates,” “expects,” “intends,” “ideas,” “initiatives,” “believes,” “estimates,” “positioned,” “outlook” and comparable expressions are applied to determine these ahead-searching statements. These statements entail a amount of threats, uncertainties and other variables that could cause precise outcomes to differ materially from all those expressed or implied. Many of the adhering to challenges, uncertainties and other variables discovered under may perhaps be amplified by the invasion of Ukraine by Russia, the sanctions (like their duration), and other measures being imposed in reaction to this conflict, as well as any escalation or enlargement of economic disruption or the conflict’s latest scope. These challenges include, with out limitation, risks that: the transaction might not obtain the anticipated added benefits for Accenture Accenture’s benefits of functions have been, and may well in the upcoming be, adversely affected by volatile, damaging or unsure financial and political problems and the consequences of these conditions on the company’s clients’ organizations and degrees of business enterprise action Accenture faces legal, reputational and economic threats from any failure to safeguard consumer and/or company info from protection incidents or cyberattacks Accenture’s business relies upon on producing and maintaining ongoing, profitable client demand for the company’s companies and remedies which include by the adaptation and enlargement of its expert services and answers in response to ongoing variations in engineering and choices, and a significant reduction in this kind of desire or an lack of ability to answer to the evolving technological atmosphere could materially have an impact on the company’s success of operations if Accenture is unable to match people and techniques with shopper desire about the planet and entice and keep experts with potent leadership skills, the company’s small business, the utilization rate of the company’s specialists and the company’s success of operations may perhaps be materially adversely afflicted the COVID-19 pandemic has impacted Accenture’s company and functions, and the extent to which it will go on to do so and its affect on the company’s potential financial effects are unsure the marketplaces in which Accenture operates are highly aggressive, and Accenture could not be in a position to contend efficiently Accenture’s capacity to bring in and retain small business and workforce could depend on its status in the marketplace if Accenture does not effectively control and produce its relationships with key alliance partners or fails to anticipate and build new alliances in new systems, the company’s results of operations could be adversely affected Accenture’s profitability could materially suffer if the firm is unable to obtain favorable pricing for its companies and solutions, if the business is not able to continue being competitive, if its charge-administration approaches are unsuccessful or if it experiences shipping and delivery inefficiencies or fall short to fulfill specified agreed-on targets or unique service concentrations variations in Accenture’s level of taxes, as very well as audits, investigations and tax proceedings, or improvements in tax laws or in their interpretation or enforcement, could have a content adverse outcome on the company’s productive tax amount, effects of operations, cash flows and monetary issue Accenture’s success of functions could be materially adversely impacted by fluctuations in overseas currency exchange premiums variations to accounting benchmarks or in the estimates and assumptions Accenture would make in link with the planning of its consolidated fiscal statements could adversely impact its economic outcomes Accenture might be not able to access supplemental money on favorable phrases or at all and if the company raises fairness cash, it may perhaps dilute its shareholders’ possession fascination in the business as a end result of Accenture’s geographically varied operations and its advancement technique to carry on to increase in its essential markets around the planet, the enterprise is far more susceptible to particular challenges if Accenture is not able to handle the organizational challenges related with its dimensions, the corporation may possibly be not able to attain its small business aims Accenture may well not be profitable at obtaining, investing in or integrating companies, moving into into joint ventures or divesting corporations Accenture’s company could be materially adversely affected if the organization incurs lawful liability Accenture’s world wide functions expose the corporation to many and often conflicting authorized and regulatory prerequisites Accenture’s function with governing administration customers exposes the business to supplemental threats inherent in the federal government contracting atmosphere if Accenture is not able to protect or implement its intellectual assets rights or if Accenture’s companies or options infringe upon the mental house rights of some others or the company loses its skill to use the mental assets of other people, its business enterprise could be adversely impacted Accenture’s outcomes of functions and share value could be adversely influenced if it is not able to maintain helpful inside controls Accenture may possibly be subject matter to criticism and unfavorable publicity associated to its incorporation in Eire as nicely as the pitfalls, uncertainties and other components discussed under the “Risk Factors” heading in Accenture plc’s most new Once-a-year Report on Sort 10-K and other paperwork submitted with or furnished to the Securities and Exchange Fee. Statements in this news release converse only as of the day they were being designed, and Accenture undertakes no duty to update any ahead-wanting statements created in this news release or to conform this sort of statements to true benefits or modifications in Accenture’s anticipations.

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Contacts

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

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