October 3, 2023

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Accenture Expands Technology Strategy Capabilities with Acquisition of Strongbow Consulting

Accenture Expands Know-how Technique Capabilities with Acquisition of Strongbow Consulting

RIDGEWOOD, New Jersey July 27, 2023 – Accenture (NYSE: ACN) has acquired Strongbow Consulting, a info-pushed strategic advisory firm with deep abilities in aiding corporations program and execute technological know-how transformation procedures, when reducing danger and maximizing price financial savings. Strongbow Consulting’s workforce of about 60 experts is signing up for Accenture’s Technologies System & Advisory practice, bringing the abilities to enhance and modernize companies’ IT infrastructure whilst seamlessly bridging the hole in between previous and new technological innovation via profitable transform packages at scale. Conditions of the transaction had been not disclosed.
With its lengthy historical past of driving thriving outcomes for global enterprises, Strongbow Consulting will become an integral section of Accenture Technology System & Advisory in North The usa, forming the core of its Tech Benefit observe, which was launched when Advocate joined final 12 months. Strongbow Consulting will enable extend Accenture’s Engineering Business Administration (TBM) solutions with its capability to uncover and unlock discounts to fund modernization and innovation courses.  With this new capacity and Advocate’s strengths in TBM/TBM-as-a-provider (TBMaaS), FinOps-as-a-services and TEM, Accenture can deliver a holistic lifecycle management remedy to help enterprises safe a far larger return on their know-how investments.&#13

“This acquisition reinforces and fuels our ambition of assisting clientele look for, obtain and increase value by extracting optimum utility from their technologies investments,” stated Keith Boone, Accenture’s Technological know-how Method & Advisory North America guide. “Strongbow Consulting will help our customers in architecting, developing and operating infrastructure modernization plans that enhance velocity to current market and offer the agility essential by today’s electronic firms. In addition to planning and building for the upcoming, Strongbow Consulting’s command of balancing infrastructure security with price efficiency provides the competitive advantage our purchasers eventually have to have to be successful in today’s period of Overall Organization Reinvention.”
Headquartered in Ridgewood, New Jersey, and launched in 2014, Strongbow Consulting brings collectively professional and complex abilities in infrastructure modernization across 3 locations: Hybrid Cloud, Networking and End Person Compute environments. This kind of a extensive suite of abilities powers their ability to establish and capture personal savings from companies’ legacy infrastructure, unlocking the significant cash expected to fund technologies modernization programs.
“For approximately a 10 years, purchasers have relied on Strongbow Consulting to determine the optimal know-how alternatives to fulfill their small business requirements, whilst yielding far better undertaking, a lot more trustworthy global infrastructure that returns major personal savings to their base line,” stated Cathy Horst Forsyth, founder and CEO at Strongbow Consulting. “We are psyched to bring our skills to bear in purchase to scale and even further augment Accenture’s Tech Price capabilities when supporting more clients extract optimum value from their know-how investments.”
About Accenture
Accenture is a primary global qualified products and services corporation that can help the world’s leading companies, governments and other corporations build their digital main, improve their functions, speed up earnings expansion and enhance citizen services—creating tangible value at pace and scale. We are a expertise and innovation led business with 732,000 people today serving consumers in additional than 120 countries. Technological know-how is at the core of improve right now, and we are a person of the world’s leaders in helping push that improve, with potent ecosystem associations. We incorporate our energy in know-how with unmatched market working experience, useful abilities and international delivery capacity. We are uniquely capable to produce tangible outcomes for the reason that of our broad array of products and services, solutions and property throughout System & Consulting, Engineering, Functions, Field X and Accenture Tune. These abilities, alongside one another with our society of shared results and dedication to developing 360° value, permit us to support our clientele thrive and create reliable, lasting associations. We evaluate our success by the 360° worth we produce for our purchasers, each individual other, our shareholders, partners and communities. Stop by us at www.accenture.com.
Ahead-Looking Statements
Besides for the historical data and conversations contained herein, statements in this news release may constitute forward-wanting statements within the this means of the Non-public Securities Litigation Reform Act of 1995. Terms these kinds of as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and comparable expressions are used to discover these ahead-seeking statements. These statements are not assures of potential overall performance nor claims that targets or targets will be fulfilled, and require a selection of threats, uncertainties and other things that are complicated to predict and could induce true final results to vary materially from individuals expressed or implied. These risks include things like, with out limitation, challenges that: the transaction could not accomplish the anticipated gains for Accenture Accenture’s success of functions have been, and may well in the long run be, adversely influenced by unstable, adverse or uncertain financial and political situations and the outcomes of these problems on the company’s clients’ companies and stages of small business activity Accenture’s organization relies upon on building and protecting client need for the company’s products and services and remedies which includes by means of the adaptation and growth of its providers and methods in response to ongoing variations in technologies and choices, and a substantial reduction in these kinds of need or an inability to reply to the evolving technological atmosphere could materially impact the company’s outcomes of operations if Accenture is unable to match people today and their skills with consumer desire around the earth and appeal to and keep industry experts with robust management techniques, the company’s business enterprise, the utilization price of the company’s industry experts and the company’s results of functions might be materially adversely impacted Accenture faces authorized, reputational and money hazards from any failure to shield client and/or business knowledge from stability incidents or cyberattacks the marketplaces in which Accenture operates are hugely competitive, and Accenture may possibly not be able to compete proficiently Accenture’s skill to attract and keep business and employees may well rely on its standing in the market Accenture’s environmental, social and governance (ESG) commitments and disclosures may perhaps expose it to reputational hazards and authorized legal responsibility if Accenture does not correctly control and develop its relationships with important ecosystem associates or fails to foresee and build new alliances in new technologies, the company’s effects of operations could be adversely afflicted Accenture’s profitability could materially put up with if the company is not able to get hold of favorable pricing for its solutions and methods, if the company is not able to remain competitive, if its expense-management techniques are unsuccessful or if it experiences supply inefficiencies or fail to satisfy specific agreed-upon targets or specific service ranges modifications in Accenture’s degree of taxes, as perfectly as audits, investigations and tax proceedings, or adjustments in tax legal guidelines or in their interpretation or enforcement, could have a product adverse outcome on the company’s helpful tax level, results of operations, income flows and economical condition Accenture’s final results of functions could be materially adversely influenced by fluctuations in international forex trade fees modifications to accounting specifications or in the estimates and assumptions Accenture tends to make in link with the planning of its consolidated monetary statements could adversely have an impact on its money results as a result of Accenture’s geographically assorted operations and technique to go on to grow in vital markets all-around the environment, the organization is much more susceptible to selected dangers if Accenture is not able to regulate the organizational troubles linked with its size, the enterprise might be not able to achieve its enterprise aims Accenture could not be effective at getting, investing in or integrating organizations, coming into into joint ventures or divesting businesses Accenture’s company could be materially adversely influenced if the corporation incurs authorized liability Accenture’s world-wide operations expose the business to quite a few and in some cases conflicting legal and regulatory needs Accenture’s get the job done with govt clientele exposes the corporation to extra challenges inherent in the govt contracting ecosystem if Accenture is not able to safeguard or implement its intellectual house legal rights or if Accenture’s expert services or methods infringe on the intellectual residence rights of other people or the firm loses its means to utilize the intellectual assets of other folks, its company could be adversely influenced Accenture might be matter to criticism and destructive publicity associated to its incorporation in Ireland as effectively as the hazards, uncertainties and other variables talked about beneath the “Risk Factors” heading in Accenture plc’s most current Once-a-year Report on Variety 10-K and other documents filed with or furnished to the Securities and Trade Commission. In addition, the timing and amount of costs similar to Accenture’s business enterprise optimization steps and the character and extent of added benefits understood from this sort of actions are issue to uncertainties and other variables, which includes regional place session processes and rules, and may perhaps differ from its present expectations and estimates. Statements in this news launch discuss only as of the date they were created, and Accenture undertakes no obligation to update any forward-looking statements produced in this news release or to conform these types of statements to true results or adjustments in Accenture’s expectations.

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