Accenture Acquires Blackcomb Consultants to Help Insurance Carriers Accelerate Digital Transformation in the Cloud
NEW YORK and CHICAGO; Oct. 4, 2022 – Accenture (NYSE: ACN) has acquired Blackcomb Consultants, a number one impartial Guidewire accomplice in North America. Terms of the transaction weren’t disclosed.
The acquisition enhances Accenture’s capacity to ship Guidewire options to insurers globally to assist them grow to be “cloud-first” companies. Guidewire’s end-to-end know-how platform combines digital, core analytics and synthetic intelligence capabilities throughout the underwriting, billing, claims and buyer relationship administration features, serving to property and casualty (P&C) insurers reimagine their operations in the cloud.
Headquartered in Chicago, Illinois, Blackcomb Consultants is a specialist know-how providers supplier to P&C insurance carriers, serving to them enhance operational agility and get their services and products to market extra rapidly. A Guidewire ‘Advantage’ accomplice, Blackcomb Consultants’ choices embody coverage administration system implementations and upgrades, manufacturing assist, cloud-hosted providers, performance-improvement and organizational-change providers. Blackcomb Consultants additionally has specialised capabilities in delivering Guidewire purposes and providers on Amazon Web Services and Microsoft Azure. Its 158 staff will be part of Accenture’s Industry & Function Platforms Group, the place they are going to be targeted on Guidewire challenge supply.
“This acquisition strengthens our ability to help insurance carriers use technologies like artificial intelligence and analytics to improve productivity and provide hyper personalized offerings to their customers,” mentioned John Koepke, Accenture’s Technology lead for Insurance in North America.
Jim Bramblet, who leads Accenture’s Insurance business group in North America, added, “Blackcomb Consultants’ highly regarded Guidewire capabilities will allow us to deliver even greater agility and speed to market for our clients.”
Victor Voss, a co-founder of Blackcomb Consultants, mentioned, “Amid market disruption and heightened consumer expectations, insurers are turning to platforms such as Guidewire to drive strategic digital and business transformation. Accenture and Blackcomb Consultants share a vision focused on delivering innovation to P&C carriers of all sizes, and by joining Accenture, we will be able to scale and expand our solutions for insurers worldwide, helping them create a sustained competitive advantage.”
Accenture is a worldwide skilled providers firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised expertise throughout greater than 40 industries, we provide Strategy and Consulting, Technology and Operations providers and Accenture Song — all powered by the world’s largest community of Advanced Technology and Intelligent Operations facilities. Our 721,000 individuals ship on the promise of know-how and human ingenuity on daily basis, serving shoppers in greater than 120 international locations. We embrace the energy of change to create worth and shared success for our shoppers, individuals, shareholders, companions and communities. Visit us at www.accenture.com.
Except for the historic data and discussions contained herein, statements in this information launch might represent forward-looking statements inside the that means of the Private Securities Litigation Reform Act of 1995. Words resembling “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and comparable expressions are used to determine these forward-looking statements. These statements contain quite a few dangers, uncertainties and different elements that would trigger precise outcomes to differ materially from these expressed or implied. These dangers embody, with out limitation, dangers that: Accenture and Blackcomb Consultants will be unable to shut the transaction in the time interval anticipated, or in any respect, which depends on the events’ capacity to fulfill sure closing circumstances; the transaction won’t obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and will in the future be, adversely affected by risky, unfavourable or unsure financial and political circumstances, together with the invasion of Ukraine by Russia, the associated sanctions and different measures which have been and proceed to be imposed in response to this battle, in addition to the present inflationary setting, and the results of those circumstances on the firm’s shoppers’ companies and ranges of business exercise; Accenture faces authorized, reputational and monetary dangers from any failure to shield shopper and/or firm knowledge from safety incidents or cyberattacks; Accenture’s business is dependent upon producing and sustaining ongoing, worthwhile shopper demand for the firm’s providers and options together with via the adaptation and enlargement of its providers and options in response to ongoing modifications in know-how and choices, and a major discount in such demand or an lack of ability to reply to the evolving technological setting might materially have an effect on the firm’s outcomes of operations; if Accenture is unable to match individuals and expertise with shopper demand round the world and entice and retain professionals with sturdy management expertise, the firm’s business, the utilization charge of the firm’s professionals and the firm’s outcomes of operations could also be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it should proceed to accomplish that and its affect on the firm’s future monetary outcomes are unsure; the markets in which Accenture operates are extremely aggressive, and Accenture won’t give you the option to compete successfully; Accenture’s capacity to entice and retain business and staff might rely on its fame in the market; if Accenture doesn’t efficiently handle and develop its relationships with key alliance companions or fails to anticipate and set up new alliances in new applied sciences, the firm’s outcomes of operations might be adversely affected; Accenture’s profitability might materially undergo if the firm is unable to get hold of favorable pricing for its providers and options, if the firm is unable to stay aggressive, if its cost-management methods are unsuccessful or if it experiences supply inefficiencies or fail to fulfill sure agreed-upon targets or particular service ranges; modifications in Accenture’s degree of taxes, in addition to audits, investigations and tax proceedings, or modifications in tax legal guidelines or in their interpretation or enforcement, might have a fabric antagonistic impact on the firm’s efficient tax charge, outcomes of operations, money flows and monetary situation; Accenture’s outcomes of operations might be materially adversely affected by fluctuations in overseas forex trade charges; modifications to accounting requirements or in the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements might adversely have an effect on its monetary outcomes; Accenture could be unable to entry extra capital on favorable phrases or in any respect and if the firm raises fairness capital, it might dilute its shareholders’ possession curiosity in the firm; on account of Accenture’s geographically numerous operations and its progress technique to proceed to increase in its key markets round the world, the firm is extra vulnerable to sure dangers; if Accenture is unable to handle the organizational challenges related to its measurement, the firm could be unable to obtain its business aims; Accenture won’t achieve success at buying, investing in or integrating companies, coming into into joint ventures or divesting companies; Accenture’s business might be materially adversely affected if the firm incurs authorized legal responsibility; Accenture’s international operations expose the firm to quite a few and generally conflicting authorized and regulatory necessities; Accenture’s work with authorities shoppers exposes the firm to extra dangers inherent in the authorities contracting setting; if Accenture is unable to shield or implement its mental property rights or if Accenture’s providers or options infringe upon the mental property rights of others or the firm loses its capacity to make the most of the mental property of others, its business might be adversely affected; Accenture’s outcomes of operations and share worth might be adversely affected whether it is unable to preserve efficient inner controls; Accenture could also be topic to criticism and unfavourable publicity associated to its incorporation in Ireland; in addition to the dangers, uncertainties and different elements mentioned underneath the “Risk Factors” heading in Accenture plc’s most up-to-date Annual Report on Form 10-Ok and different paperwork filed with or furnished to the Securities and Exchange Commission. Statements in this information launch communicate solely as of the date they had been made, and Accenture undertakes no obligation to replace any forward-looking statements made in this information launch or to conform such statements to precise outcomes or modifications in Accenture’s expectations.
Copyright © 2022 Accenture. All rights reserved. Accenture and its brand are emblems of Accenture.
This content material is offered for common data functions and isn’t meant to be used in place of session with our skilled advisors. This doc refers to marks owned by third events. All such third-party marks are the property of their respective homeowners. No sponsorship, endorsement or approval of this content material by the homeowners of such marks is meant, expressed or implied.
# # #
+44 7446 27759
+1 206 839 2172