Accenture Expands Strategy Capabilities with Acquisition of The Beacon Group

    0
    400


    Accenture Expands Strategy Capabilities with Acquisition of The Beacon Group

     
    NEW YORK; Sept. 8, 2022 – Accenture (NYSE: ACN) has acquired The Beacon Group, a progress technique consultancy agency serving Fortune 500 firms throughout know-how, aerospace, industrial, healthcare and life sciences industries. Terms of the transaction weren’t disclosed.
     

    Beacon’s staff of greater than 60 specialists in progress technique, market modeling and mergers and acquisitions (M&A) advisory, will be a part of Accenture Strategy. The acquisition deepens Accenture’s capabilities that assist C-suite leaders make fact-based selections for concentrating on, segmentation and routes to progress; pushed by market insights and scalable options to execute enterprise transformations at scale.

     
    “Today’s disruptive market environment is fundamentally challenging companies and changing the way they operate. Business leaders must be able to understand, and quickly act on, new or existing pathways that will drive profitability,” stated Chris Roark, North America lead of Accenture Strategy. “The addition of Beacon’s senior talent, growth framework and market modeling platform will expand our capabilities that help our clients see around disruptive corners, embrace change and shape their business strategies to deliver and sustain value to all stakeholders.”
     
    Founded in 2001 with headquarters in Portland, Maine, Beacon’s differentiated method pairs rigorous modeling methodologies with tailor-made market perception and technique consulting to drive actionable progress methods for its purchasers. Focused on new progress initiatives, Beacon helps the world’s largest firms introduce new providers, merchandise, applied sciences and business fashions.
     
    In addition to its basic progress technique advisory work, Beacon’s market modeling observe provides purchasers elevated transparency as they work via bespoke forecasting of present and potential markets served. The firm’s scalable platform leverages information and insights throughout 400 market segments, 16 geographies and 15 vertical markets to construct customized forecast market fashions which are interactive.
     

    Beacon additionally brings M&A advisory capabilities that supply focused assist for company and personal fairness purchasers by constructing strategic acquisition highway maps, figuring out and vetting actionable goal candidates, and offering speedy goal and market due diligence. The acquisition additional bolsters Accenture’s M&A Consulting Services that assist purchasers create worth via inorganic progress methods.
     
    Cliff Farrah, Beacon President and CEO, and writer of Growing the Top Line, added, “We have spent the final 20 years evolving our providers via diverse financial cycles to replicate the expansion technique wants of our purchasers. Now, we sit up for bringing the most effective of our experience to Accenture Strategy and providing purchasers deep business data, and a full suite of progress technique capabilities that allow 360° worth creation.”
     
    About Accenture
    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 710,000 individuals ship on the promise of know-how and human ingenuity day-after-day, serving purchasers in additional than 120 nations. We embrace the ability of change to create worth and shared success for our purchasers, individuals, shareholders, companions and communities. Visit us at accenture.com.
     
    Forward-Looking Statements
    Except for the historic data and discussions contained herein, statements on this information launch might represent forward-looking statements throughout the which means of the Private Securities Litigation Reform Act of 1995. Words corresponding to “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 a quantity of dangers, uncertainties and different elements that would trigger precise outcomes to vary materially from these expressed or implied. These dangers embody, with out limitation, dangers that: the transaction won’t obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and should sooner or later be, adversely affected by unstable, destructive or unsure financial and political situations, together with the invasion of Ukraine by Russia, the associated sanctions and different measures which were and proceed to be imposed in response to this battle, in addition to the present inflationary setting, and the consequences of these situations on the corporate’s purchasers’ companies and ranges of business exercise; Accenture faces authorized, reputational and monetary dangers from any failure to guard shopper and/or firm information from safety incidents or cyberattacks; Accenture’s business is dependent upon producing and sustaining ongoing, worthwhile shopper demand for the corporate’s providers and options together with via the difference and enlargement of its providers and options in response to ongoing adjustments in know-how and choices, and a big discount in such demand or an incapability to answer the evolving technological setting may materially have an effect on the corporate’s outcomes of operations; if Accenture is unable to match individuals and expertise with shopper demand around the globe and appeal to and retain professionals with sturdy management expertise, the corporate’s business, the utilization charge of the corporate’s professionals and the corporate’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 take action and its affect on the corporate’s future monetary outcomes are unsure; the markets through which Accenture operates are extremely aggressive, and Accenture won’t be capable of compete successfully; Accenture’s skill to draw and retain business and workers might depend upon its fame within 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 corporate’s outcomes of operations may very well be adversely affected; Accenture’s profitability may materially undergo if the corporate is unable to acquire favorable pricing for its providers and options, if the corporate 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; adjustments in Accenture’s stage of taxes, in addition to audits, investigations and tax proceedings, or adjustments in tax legal guidelines or of their interpretation or enforcement, may have a fabric antagonistic impact on the corporate’s efficient tax charge, outcomes of operations, money flows and monetary situation; Accenture’s outcomes of operations may very well be materially adversely affected by fluctuations in overseas foreign money change charges; adjustments to accounting requirements or within the estimates and assumptions Accenture makes in connection with the preparation of its consolidated monetary statements may adversely have an effect on its monetary outcomes; Accenture is likely to be unable to entry extra capital on favorable phrases or in any respect and if the corporate raises fairness capital, it might dilute its shareholders’ possession curiosity within the firm; because of this of Accenture’s geographically various operations and its progress technique to proceed to broaden in its key markets around the globe, the corporate is extra prone to sure dangers; if Accenture is unable to handle the organizational challenges related with its measurement, the corporate is likely to be unable to attain its business aims; Accenture won’t achieve success at buying, investing in or integrating companies, getting into into joint ventures or divesting companies; Accenture’s business may very well be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s world operations expose the corporate to quite a few and generally conflicting authorized and regulatory necessities; Accenture’s work with authorities purchasers exposes the corporate to extra dangers inherent within the authorities contracting setting; if Accenture is unable to guard or implement its mental property rights or if Accenture’s providers or options infringe upon the mental property rights of others or the corporate loses its skill to make the most of the mental property of others, its business may very well be adversely affected; Accenture’s outcomes of operations and share value may very well be adversely affected whether it is unable to keep up efficient inside controls; Accenture could also be topic to criticism and destructive 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-Okay and different paperwork filed with or furnished to the Securities and Exchange Commission. Statements on this information launch communicate solely as of the date they have been made, and Accenture undertakes no obligation to replace any forward-looking statements made on this information launch or to adapt such statements to precise outcomes or adjustments in Accenture’s expectations.

     

    # # #

     
     
    Contact:
     
    Maggie Nolan
    Accenture
    +1 845 661 0952
    [email protected]
     
    Copyright © 2022 Accenture. All rights reserved. Accenture and its brand are logos of Accenture.  This content material is supplied for common data functions and isn’t meant for use 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.
     
     



    Source link

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here