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
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