Accenture Acquires Solvera Solutions to Expand Digital Transformation Capabilities in Western Canada | national company
TORONTO–(BUSINESS WIRE)–July 25, 2022–
Accenture (NYSE:ACN) has acquired Solvera Solutions, a Regina-based company that provides platform-based digital transformation services in Western Canada. Financial terms of the transaction were not disclosed.
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Accenture has acquired Solvera Solutions, a Regina-based company that provides platform-based digital transformation services across Western Canada. (Graphic: Business Wire)
Founded in 2005, Solvera Solutions has a team of over 450 professionals with deep consulting and managed services capabilities across ServiceNow, Microsoft and SAP platforms. Solvera Solutions serves clients in the public sector, healthcare, financial services, utilities, energy and agriculture, and will be a catalyst for Accenture’s continued growth in British Columbia, Alberta, in Saskatchewan and Manitoba.
“Adding Solvera Solutions’ digital transformation capabilities to ServiceNow, Microsoft and SAP, along with their local market and industry expertise, means we are even better positioned to support our customers in Western Canada,” said Jeffrey Russell, president of Accenture in Canada. “Customers across all industries will benefit as we help them leverage the cloud and enhanced service delivery capabilities to transform their services and customer operations, ultimately driving greater business value through their investments in state-of-the-art platform.”
Solvera Solutions brings extensive experience on the ServiceNow platform; extends Accenture’s current offerings on Microsoft Modern Workplace and Microsoft Power Platform; and enhances SAP S/4HANA capabilities and resources.
Robert Vokes, Managing Director and Head of Financial Services for Accenture in Canada, added, “Solvera Solutions is a deeply respected, high-performing digital transformation specialist with a talented team committed to the communities we she serves, making her a great addition to Accenture. Solvera Solutions is expanding our presence in the West, driving value and growth for our platform offerings in this key geographic region.
Reg Robinson, CEO and Co-Founder of Solvera Solutions, said, “The rate of digital adoption has accelerated in recent years and we are committed to staying at the forefront of service delivery. Joining Accenture allows us to offer our clients an even broader range of resources and expertise through Accenture’s network of professionals across Canada and around the world, while providing our employees with a wealth of new career growth.
Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialist skills in more than 40 industries, we offer strategy and advisory, technology and operations, and Accenture Song services, all powered by the world’s largest network of advanced technology centers and smart operations. Our 710,000 people 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, our people, our shareholders, our partners and our communities. Visit us at accenture.com.
Except for historical information and discussions contained in this release, statements 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”, “project”, “believe”, “estimate”, “position “, “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. These risks include, but are not limited to, the risks that: the transaction will not produce the anticipated benefits for Accenture; Accenture’s results of operations have been and may be in the future affected by adverse conditions volatile, negative or uncertain economic and political ons, including Russia’s invasion of Ukraine, the sanctions and other related measures that have been and continue to be imposed in response to this conflict, as well as the environmental current inflationary situation and the effects of such conditions on the activities and activity levels of the Company’s customers; Accenture faces legal, reputational, and financial risks for failing to protect client and/or corporate data from security incidents or cyberattacks; Accenture’s business depends on generating and sustaining continued, profitable customer demand for the company’s services and solutions, including adapting and expanding its services and solutions in response to changing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to changes in the technological environment could materially affect the Company’s operating results; if Accenture is unable to match people and skills to client demand worldwide and to attract and retain professionals with strong leadership skills, the company’s business, rate use of the company’s professionals and the results of the company’s operations could be materially affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive and Accenture may not be able to compete effectively; Accenture’s ability to attract and retain businesses and employees may depend on its reputation in the marketplace; if Accenture fails to manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could suffer materially if the company is unable to obtain favorable prices for its services and solutions, if the company is unable to remain competitive, if its cost management strategies fail or if it experiences delivery inefficiencies or fails to meet certain agreed-upon conditions. on specific objectives or service levels; changes in Accenture’s level of taxation, as well as tax audits, investigations and proceedings, or changes in tax laws or their interpretation or application, could have a material adverse effect on the effective tax rate of business, results of operations, cash flows and financial condition. condition; Accenture’s results of operations could be materially affected by fluctuations in foreign exchange rates; changes in accounting standards or in estimates and assumptions made by Accenture in preparing 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 could dilute its shareholders’ stake in the business; due to Accenture’s geographically diverse business and growth strategy to continue expanding in its key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company may not be able to achieve its business objectives; Accenture may not be successful in acquiring, investing in or integrating businesses, forming joint ventures or divesting businesses; Accenture’s business could be materially affected if the company incurs legal liability; Accenture’s global operations expose the company to many sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; 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 from others, its activity could be negatively affected; Accenture’s results of operations and share price could be adversely affected if Accenture is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; and the risks, uncertainties and other factors discussed under “Risk Factors” in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. The statements in this press release speak only as of the date they are made, and Accenture undertakes no obligation to update any forward-looking statements made in this press release or to conform such statements to actual results. actual events or changes in Accenture’s expectations.
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PUBLISHED: 07/25/2022 14:18 / DISK: 07/25/2022 14:18