NORCROSS, Ga., June 06, 2022–(Enterprise WIRE)–Accenture (NYSE: ACN) has acquired Advocate Networks, LLC, a leading technology consultancy and managed solutions service provider of Engineering Company Administration (TBM) remedies that assistance businesses generate enterprise value, realize price discounts and modernize their technologies platforms. Phrases of the transaction were being not disclosed.
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Accenture obtained Advocate Networks, know-how consultancy and managed products and services company of Technologies Organization Administration solutions. (Image: Enterprise Wire)
Headquartered in Norcross, Georgia, Advocate’s crew of extra than 85 specialists is joining Accenture’s Technologies Tactic & Advisory apply, bringing capabilities for encouraging purchasers outline, architect and evaluate value from their digital and cloud transformations. Advocate has deep engineering know-how and a complete suite of solutions that enable businesses align technological innovation investments with organization plans and uncover discounts to reinvest in initiatives that generate progress and transformation.
“Businesses be expecting their engineering investments to gasoline innovation and transform small business functions and are ever more adopting TBM ideas to improve shell out and provide and exhibit rapid strategic business price,” said Keith Boone, Accenture’s North The usa Know-how Technique & Advisory lead. “With the potent blend of Accenture and Advocate, we will offer a multitude of field-top methods and capabilities to assistance our shoppers evaluate the value of technology initiatives in a distinct, quantifiable manner.”
Advocate’s whole suite of TBM solutions, from strategic advisory to TBM-as-a-provider (TBMaaS), complement Accenture’s cloud and digital transformation companies and stop-to-end abilities for TBM and FinOps. Advocate also brings accelerators for sector-foremost equipment and dashboards for IT price administration and products and services that will improve insights presented by Accenture’s proprietary property, these types of as Accenture Momentum, myConcerto, myDiagnostic and myNav, with further TBM analytics.
“For much more than two decades, Advocate’s business customers have relied on our devoted workforce of TBM advisors, field imagined leaders and technological innovation experts to make improvements to performance and uncover price savings for new investments,” stated Tim Intelligent, co-founder and co-CEO of Advocate. “We share Accenture Engineering Method & Advisory’s objective for encouraging clients architect and notice fantastic business enterprise worth from technology and are thrilled to convey our mixed capabilities to both equally new and current shoppers.”
Accenture’s Technological know-how System & Advisory exercise functions with clients to determine their technological know-how visions and build the needed roadmaps and execution programs to build sustainable benefit from technologies investments.
Accenture is a global expert expert services enterprise with primary capabilities in digital, cloud and safety. Combining unmatched knowledge and specialized capabilities throughout additional than 40 industries, we provide Technique and Consulting, Technology and Functions services and Accenture Song—all powered by the world’s largest network of State-of-the-art Engineering and Clever Functions facilities. Our 699,000 persons deliver on the assure of technological know-how and human ingenuity every day, serving customers in additional than 120 nations. We embrace the electric power of adjust to produce value and shared achievements for our clientele, persons, shareholders, partners and communities. Pay a visit to us at accenture.com.
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These pitfalls incorporate, without the need of limitation, hazards that: the transaction may not reach the predicted advantages for Accenture Accenture’s effects of functions have been, and may in the upcoming be, adversely afflicted by volatile, destructive or uncertain financial and political conditions and the results of these problems on the company’s clients’ corporations and stages of enterprise activity Accenture faces authorized, reputational and financial threats from any failure to protect customer and/or firm info from safety incidents or cyberattacks Accenture’s organization relies upon on producing and maintaining ongoing, lucrative customer need for the company’s companies and alternatives which include via the adaptation and expansion of its providers and options in response to ongoing improvements in technologies and choices, and a significant reduction in these types of demand or an inability to respond to the evolving technological atmosphere could materially have an impact on the company’s results of operations if Accenture is not able to match men and women and skills with client demand all-around the earth and bring in and retain gurus with potent management capabilities, the company’s business, the utilization fee of the company’s specialists and the company’s results of operations could be materially adversely afflicted the COVID-19 pandemic has impacted Accenture’s organization and operations, and the extent to which it will go on to do so and its affect on the company’s long term monetary benefits are uncertain the markets in which Accenture operates are highly aggressive, and Accenture might not be capable to contend efficiently Accenture’s capability to attract and retain business enterprise and workers could rely on its status in the marketplace if Accenture does not successfully take care of and produce its interactions with vital alliance associates or fails to foresee and build new alliances in new systems, the company’s success of operations could be adversely affected Accenture’s profitability could materially put up with if the firm is not able to receive favorable pricing for its providers and remedies, if the company is not able to keep on being competitive, if its value-administration strategies are unsuccessful or if it ordeals shipping inefficiencies or fail to fulfill certain agreed-upon targets or certain provider levels modifications in Accenture’s stage of taxes, as very well as audits, investigations and tax proceedings, or changes in tax guidelines or in their interpretation or enforcement, could have a substance adverse impact on the company’s powerful tax charge, success of functions, dollars flows and fiscal situation Accenture’s results of functions could be materially adversely influenced by fluctuations in overseas forex exchange rates adjustments to accounting specifications or in the estimates and assumptions Accenture tends to make in connection with the planning of its consolidated financial statements could adversely impact its monetary final results Accenture may well be unable to entry more capital on favorable phrases or at all and if the enterprise raises fairness money, it may dilute its shareholders’ ownership curiosity in the business as a outcome of Accenture’s geographically numerous operations and its progress system to continue to extend in its essential markets around the world, the business is far more prone to selected pitfalls if Accenture is unable to manage the organizational difficulties connected with its size, the organization could possibly be not able to accomplish its organization goals Accenture may possibly not be successful at buying, investing in or integrating corporations, getting into into joint ventures or divesting organizations Accenture’s business could be materially adversely impacted if the organization incurs lawful legal responsibility Accenture’s international operations expose the enterprise to various and in some cases conflicting lawful and regulatory prerequisites Accenture’s operate with govt clients exposes the organization to more pitfalls inherent in the government contracting natural environment if Accenture is not able to defend or implement its mental assets legal rights or if Accenture’s solutions or options infringe upon the mental property legal rights of some others or the enterprise loses its ability to make the most of the intellectual residence of many others, its enterprise could be adversely impacted Accenture’s outcomes of operations and share price could be adversely influenced if it is unable to manage effective inner controls Accenture may perhaps be issue to criticism and destructive publicity related to its incorporation in Ireland as effectively as the hazards, uncertainties and other elements talked about beneath the “Risk Aspects” heading in Accenture plc’s most the latest Annual Report on Kind 10-K and other paperwork filed with or furnished to the Securities and Trade Fee. 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