Accenture Announces Intention to Acquire Linkbynet, One of France’s Leading Cloud Service Providers | Business
PARIS – (BUSINESS WIRE) – May 11, 2021 –
Accenture (NYSE: ACN) has announced its intention to acquire Linkbynet, a leading French cloud service provider specializing in cloud optimization and managed services, cloud transformation and cloud security. Financial terms of the transaction are not being disclosed.
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Accenture to acquire Linkbynet (Graphic: Business Wire)
Founded in 2000, Linkbynet is a cloud native solutions provider based in Saint-Denis, France, with additional offices in Belgium, Canada, China, France, Luxembourg, Mauritius, Singapore and Vietnam. The addition of the company’s team of more than 900 highly skilled professionals, who hold 400 certifications from major cloud providers such as Alibaba, Amazon, Google and Microsoft, would further enhance Accenture Cloud First’s global capabilities.
“The acquisition of Linkbynet would be another strategic step in strengthening our Accenture Cloud First capabilities,” said Karthik Narain, Global Head of Accenture Cloud First. “The talented team at Linkbynet would bring deep cloud and engineering specialization, managed services, sophisticated technology tools and cybersecurity intelligence.”
Backed by a $ 3 billion investment over three years, Accenture Cloud First is a multi-service group of 70,000 cloud professionals offering unparalleled depth and breadth of cloud expertise, industry-specific cloud solutions, ecosystem partner capabilities. and assets to help customers derive more value from the cloud at speed and scale.
Olivier Girard, Head of Market Unit for Accenture France & Benelux, said: “Entire sectors have been challenged not only to reinvent their customer experience, but also their core offerings, while imagining new business models. for the future. With consulting and digital transformation experience in cloud implementation, security, management and optimization, the Linkbynet team brings essential skills that would help Accenture customers adopt emerging technologies and evolve them throughout their company for strategic agility in a difficult business environment. “
Patrick and Stéphane Aisenberg, co-founders of Linkbynet declared: “We are proud to be one of the first French players in the native cloud and a pioneer in synergistic models between technological transformation (adoption of the cloud), security and cloud services . The combination of Accenture and Linkbynet’s unique work culture, values and technical expertise would allow us to better support our clients’ digital projects across multiple industries while providing their organizations with the same exceptional levels of service and of resilience they expect. We are excited about the opportunity to join Accenture in helping businesses reinvent their businesses and rebuild themselves differently for the benefit of everyone – their customers and people to society at large. “
Over the past 24 months, Accenture has made a number of strategic investments to expand and improve its cloud service capabilities. These include in France the acquisition of Gekko in June 2020 and Cirruseo in June 2019 and more recently in Europe the acquisition of Edenhouse (United Kingdom), Infinity (United Kingdom) and Cygni (Sweden).
Accenture invested nearly $ 1.5 billion globally in 34 acquisitions in fiscal 2020 to acquire critical skills and capabilities in strategic and high-growth areas of the market.
The acquisition requires prior consultation with the relevant works councils and approvals from the relevant authorities and would be subject to customary closing conditions.
Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialized skills in more than 40 industries, we provide strategy and consulting, interactivity, technology and operations services, all powered by the world’s largest network of advanced technology centers. and smart operations. Our 537,000 employees deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, employees, shareholders, partners and communities. Visit us at www.accenture.com
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These risks include, but are not limited to, the risks that: Accenture and Linkbynet may not be able to complete the transaction within the expected time frame, or not at all, which depends on the ability of the parties to meet certain closing conditions ; the transaction may not produce the expected benefits for Accenture; Accenture’s operating results have been significantly affected and may in the future be affected by the COVID-19 pandemic; Accenture’s operating results have been and may be affected in the future by volatile, negative or uncertain economic and political conditions and the effects of such conditions on the businesses and activity levels of the Company’s customers. ; Accenture’s business is dependent on generating and sustaining a continuous and profitable customer demand for the company’s services and solutions, including by adapting and expanding its services and solutions in response to changes. technology and offerings, and a significant reduction in this demand or an inability to respond to the changing technological environment could have a material impact on the Company’s operating results; If Accenture is unable to keep its supply of skills and resources in balance with customer demand around the world and to attract and retain professionals with strong leadership skills, the business of the business, the utilization rate of business professionals and the business operating results can be significantly harmed; Accenture could face legal, reputational and financial risks if the company fails to protect customer and / or company data from security incidents or cyber attacks; the markets in which Accenture operates are highly competitive and Accenture may not be able to compete effectively; Accenture’s profitability could suffer considerably if the company is not able to obtain favorable prices for its services and solutions, if the company is not able to remain competitive, if its management strategies costs fail or if it experiences delivery inefficiencies or fails to meet certain agreed conditions. on specific objectives or service levels; changes in the level of Accenture’s taxes, as well as tax audits, investigations and procedures, or changes in tax laws or in their interpretation or application, could have a material adverse effect on the tax rate company workforce, operating results, cash flows and statements; Accenture’s ability to attract and retain businesses and employees may depend on its reputation in the market; due to the geographic diversity of Accenture’s business and its growth strategy to continue expanding in key markets around the world, the company is more vulnerable to certain risks; Accenture’s business could be significantly affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the public procurement environment; Accenture’s operating results could be materially affected by fluctuations in foreign currency exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the company may be unable to meet its business goals; if Accenture does not successfully manage and develop relationships with key alliance partners or fail to anticipate and establish new alliances in new technologies, the Company’s operating results could be adversely affected; Accenture may not be successful in acquiring, investing or integrating businesses, entering into joint ventures or disposing of businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe the intellectual property rights of others or if the company loses its ability to use the intellectual property of others, its activities could be negatively affected; Accenture’s operating results and share price could be affected by the inability to maintain effective internal controls; changes in accounting standards or in the estimates and assumptions made by Accenture in the preparation of its consolidated financial statements could adversely affect its financial results; Accenture may not be able to access additional capital on favorable terms or at all and if the company raises equity, it may dilute its shareholders’ stake in the company; Accenture may be subject to criticism and negative publicity relating to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the heading “Risk Factors” of Accenture plc’s latest annual report on Form 10-K and other documents filed or provided to the Securities and Exchange Commission. 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PUB: 05/11/2021 04:14 AM / DISC: 05/11/2021 04:14 AM