Accenture to Acquire New Energy Group to Further Expand its Salesforce Capabilities for Clients, Accelerate its Cloud First Agenda
Move will reinforce Accenture as a leading provider in Salesforce
capabilities and enterprise cloud services in Italy and Spain
Accenture (NYSE:ACN) today announced that it has entered into an
agreement to acquire New Energy Group, an Italy-based company
specializing in Salesforce solutions. The move solidifies Accenture as a
leading provider of Salesforce capabilities in Italy and Spain and
strengthens the company’s overall global footprint, market-leading
technology capabilities and deep industry experience. Through its Cloud
First agenda, Accenture is the leading provider of end-to-end,
high-standard cloud strategy and technology consulting, as well as cloud
application implementation, integration and management services for
enterprise clients.
Once the acquisition is completed, New Energy Group’s professionals will
join the Accenture Cloud First Applications team, which delivers cloud
services for Salesforce, Workday, ServiceNow, Google, Pegasystems and
other “pure play” cloud technologies. As part of the deal, Accenture
will acquire all New Energy branded organizations including the New
Energy Salesforce services team in Italy, the New Energy Salesforce
services Aborda team in Spain and the digital services team Mind in
Italy. In addition, Accenture will also acquire Bit2win, New Energy’s
suite of products and solutions based on Salesforce. Bit2win enables
companies to transform their front office with simple, agile and
digitally-enabled sales solutions.
“We continue to invest in our Cloud First agenda and expand our
capabilities in Europe, as evidenced by our agreement to acquire New
Energy Group, which will reinforce Accenture’s position as a leading
provider of Salesforce capabilities in Italy and Spain,” said Saideep
Raj, Managing Director, Cloud First Applications, Accenture. “By
integrating New Energy Group’s people and assets with ours, we will grow
the best cloud talent in Europe and around the world to provide clients
with unmatched cloud services and digital capabilities. As a result of
this acquisition, Accenture will continue to lead in the new era of
service delivery and flexibility, where applications, infrastructure and
business processes are brought together and delivered As-a-Service.”
Accenture continues to grow and strengthen its position as a leading
enterprise cloud services provider. Accenture was one of the first
global companies to establish a strategic alliance partnership with
Salesforce and today has leading capabilities in Salesforce with more
than 3,700 unique certified professionals. Upon close and after
combining with New Energy Group, Accenture will add to its global team
another 200 certified professionals from Italy and Spain, with more than
300 Salesforce certifications.
“We are proud to be joining Accenture and combining our skills and
innovative approach with the global scale of Accenture. Our focus on
cloud and digital transformation will be empowered and will offer our
clients unmatched opportunities to realize the full potential of the
‘As-a-Service’ economy. Our Bit2win software suite will be enhanced by
Accenture’s industry expertise and its global investment and network of
businesses,” said Giuseppe Mammola, chief executive officer, New Energy
Group. “We have always been excited by change and now we are joining
forces with Accenture for a new challenge – to provide leading and
innovative solutions in a cloud world.”
In October 2015, Accenture acquired Cloud
Sherpas, a leader in cloud advisory and technology services
specializing in Google, Salesforce and ServiceNow, in the US and CRMWaypoint
in the Netherlands in January 2016, which followed previously acquired
Salesforce solution providers, Tquila
UK and ClientHouse
the previous year.
Terms of the acquisition were not disclosed. Completion of the
acquisition is subject to the satisfaction of customary closing
conditions.
About Accenture
Accenture is a leading global professional services company, providing a
broad range of services and solutions in strategy, consulting, digital,
technology and operations. Combining unmatched experience and
specialized skills across more than 40 industries and all business
functions – underpinned by the world’s largest delivery network –
Accenture works at the intersection of business and technology to help
clients improve their performance and create sustainable value for their
stakeholders. With more than 375,000 people serving clients in more than
120 countries, Accenture drives innovation to improve the way the world
works and lives. Visit us at www.accenture.com.
Accenture is a leader in helping organizations move to the cloud to take
advantage of a new era of service delivery and flexibility, where
applications, infrastructure and business processes are brought together
and delivered As-a-Service. Accenture’s Cloud First agenda offers
comprehensive, industry-focused cloud services including strategy,
implementation, migration and managed services, and assets including the
Accenture Cloud Platform that can drive broader transformational
programs for clients. Accenture has worked on over 20,000 cloud
computing projects for clients, including three-quarters of the Fortune
Global 100, and has more than 21,000 professionals trained in cloud
computing.
Forward-Looking Statements
Except for the historical information and discussions contained herein,
statements in this news release may constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,”
“anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,”
“estimates,” “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. These
include, without limitation, risks that: the company and New Energy
Group will not be able to close the transaction in the time period
anticipated, or at all, which is dependent on the parties’ ability to
satisfy certain closing conditions; the transaction might not achieve
the anticipated benefits for the company; the company’s results of
operations could be adversely affected by volatile, negative or
uncertain economic conditions and the effects of these conditions on the
company’s clients’ businesses and levels of business activity; the
company’s business depends on generating and maintaining ongoing,
profitable client demand for the company’s services and solutions, and a
significant reduction in such demand could materially affect the
company’s results of operations; if the company is unable to keep its
supply of skills and resources in balance with client demand around the
world and attract and retain professionals with strong leadership
skills, the company’s business, the utilization rate of the company’s
professionals and the company’s results of operations may be materially
adversely affected; the markets in which the company competes are highly
competitive, and the company might not be able to compete effectively;
the company could have liability or the company’s reputation could be
damaged if the company fails to protect client and/or company data or
information systems as obligated by law or contract or if the company’s
information systems are breached; the company’s results of operations
and ability to grow could be materially negatively affected if the
company cannot adapt and expand its services and solutions in response
to ongoing changes in technology and offerings by new entrants; the
company’s results of operations could materially suffer if the company
is not able to obtain sufficient pricing to enable it to meet its
profitability expectations; if the company does not accurately
anticipate the cost, risk and complexity of performing its work or if
the third parties upon whom it relies do not meet their commitments,
then the company’s contracts could have delivery inefficiencies and be
less profitable than expected or unprofitable; the company’s results of
operations could be materially adversely affected by fluctuations in
foreign currency exchange rates; the company’s profitability could
suffer if its cost-management strategies are unsuccessful, and the
company may not be able to improve its profitability through
improvements to cost-management to the degree it has done in the past;
the company’s business could be materially adversely affected if the
company incurs legal liability; the company’s work with government
clients exposes the company to additional risks inherent in the
government contracting environment; the company might not be successful
at identifying, acquiring or integrating businesses, entering into joint
ventures or divesting businesses; the company’s Global Delivery Network
is increasingly concentrated in India and the Philippines, which may
expose it to operational risks; changes in the company’s level of taxes,
as well as audits, investigations and tax proceedings, or changes in the
company’s treatment as an Irish company, could have a material adverse
effect on the company’s results of operations and financial condition;
as a result of the company’s geographically diverse operations and its
growth strategy to continue geographic expansion, the company is more
susceptible to certain risks; adverse changes to the company’s
relationships with key alliance partners or in the business of its key
alliance partners could adversely affect the company’s results of
operations; the company’s services or solutions could infringe upon the
intellectual property rights of others or the company might lose its
ability to utilize the intellectual property of others; if the company
is unable to protect its intellectual property rights from unauthorized
use or infringement by third parties, its business could be adversely
affected; the company’s ability to attract and retain business and
employees may depend on its reputation in the marketplace; if the
company is unable to manage the organizational challenges associated
with its size, the company might be unable to achieve its business
objectives; any changes to the estimates and assumptions that the
company makes in connection with the preparation of its consolidated
financial statements could adversely affect its financial results; many
of the company’s contracts include payments that link some of its fees
to the attainment of performance or business targets and/or require the
company to meet specific service levels, which could increase the
variability of the company’s revenues and impact its margins; if the
company is unable to collect its receivables or unbilled services, the
company’s results of operations, financial condition and cash flows
could be adversely affected; the company’s results of operations and
share price could be adversely affected if it is unable to maintain
effective internal controls; the company may be subject to criticism and
negative publicity related to its incorporation in Ireland; as well as
the risks, uncertainties and other factors discussed under the “Risk
Factors” heading 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. Statements in this news release speak only as of
the date they were made, and Accenture undertakes no duty to update any
forward-looking statements made in this news release or to conform such
statements to actual results or changes in Accenture’s expectations.
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