Accenture Acquires Industrie & Co To Help Australian Customers Maximize Their Cloud First Investments And Transform Into Digital Businesses | Your money
SYDNEY – (BUSINESS WIRE) – May 26, 2021 –
Accenture: (NYSE: ACN) has acquired Industrie & Co, a technology consultancy firm that designs and creates cloud-native solutions for businesses and fast emerging businesses “born in the cloud”. The acquisition expands Accenture’s Cloud First capabilities by providing cloud-native services to customers, particularly in financial services, as they increasingly transform into digital businesses and create new digital products and services. Terms of the transaction are not being disclosed.
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Matthew Coates, Accenture Australia & New Zealand Cloud First Lead & Con Zeritis, CEO of Industry & Co. (Photo: Business Wire)
Founded in 2007 and headquartered in Sydney, with offices in Melbourne, Hong Kong and Singapore, Industrie & Co brings to Accenture a deep legacy in cloud infrastructure engineering, providing businesses with a comprehensive suite of services encompassing strategy capabilities. , design and delivery of cloud products and platforms.
With 173 employees, Industrie & Co has extensive experience in financial services in several verticals including banking, payments, wealth management, pensions, insurance and capital markets.
This acquisition enables Accenture Cloud First to apply its core multi-service capabilities and provide customers with an unmatched combination of industry knowledge, cloud and infrastructure experience and cloud ecosystem leadership.
“The cloud is the foundation of digital transformation and the success of the next decade will be defined by the new experiences, products and services made possible by the cloud,” said Karthik Narain, Global Head of Accenture Cloud First. “Industry & Co brings even more cloud-centric skills to help Accenture customers innovate with speed, predictability and global value as they shape, move and operate their businesses in the cloud.”
Con Zeritis, CEO of Industrie & Co, said: “We are delighted to have the opportunity to be part of Accenture, we share entrepreneurial values and the ambition to drive innovation, growth and results. commercial. Accenture’s vast customer network, global reach, and investment in its cloud-first strategy make it an ideal home for us to accelerate our growth goals for both our customers and our team.
“The Industrie & Co team brings to Accenture a strong industrial footprint and a culture of innovation, which will enable us to drive the growth of our clients,” said Tara Brady, Head of Market Unit for Accenture in Australia and New Zealand. “In the context of a constrained talent market, Industry & Co’s skills will enable us to be well positioned to continue to accelerate the growth and innovation capacities of our clients.
Accenture’s acquisition of Industrie & Co follows other investments in Australia and New Zealand over the past 18 months, including operational technology provider Electro 80, supply chain consultancy and Logistics GRA, Cloud Native Solution Provider Olikka, SAP & Cloud Solutions Technology Company Zag, Data Analytics & Supply Chain Management Company Icon Integration & Business Strategy & Econometrics Company AlphaBeta.
Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialized skills in over 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.
Except for historical information and discussions contained in this press release, the statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “Will”, “should”, “probable,” anticipate “,” expect “,” intend “,” plan “,” projects “,” believe “,” estimate “,” positioned “,” outlook “and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Many of the following risks, uncertainties and other factors identified below are and will be magnified by the COVID-19 pandemic. These risks include, but are not limited to, the risks that: the transaction will 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 company, the utilization rate of the company’s professionals and the company’s 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 significantly 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 on specific targets 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 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. The statements contained in this press release speak only as of the date on which they are made, and Accenture assumes no obligation to update any forward-looking statements made in this press release or to conform them to actual results. or changes in Accenture’s expectations.
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CONTACT: Georgia Hewett
KEYWORD: AUSTRALIA / OCEANIA AUSTRALIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY OTHER TECHNOLOGIES NETWORK CONSULTING
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PUB: 05/26/2021 8:44 p.m. / DISC: 05/26/2021 8:44 p.m.