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Accenture (NYSE: ACN) has acquired Tenbu, a cloud data firm specializing in analytics and machine learning solutions. The acquisition aims to enhance Accenture's Cloud First capabilities, providing clients with improved data-driven decision-making tools. Tenbu’s team of 170 data specialists will integrate into Accenture's Data & AI unit. This marks Accenture's 11th acquisition in Latin America over the past five years, indicating a strategic focus on expanding its cloud data expertise.
Positive
Enhances Accenture's Cloud First capabilities with Tenbu's expertise.
Integration of 170 specialists from Tenbu strengthens data and AI services.
Accenture's strategic focus on expanding its cloud data expertise in Latin America.
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SAO PAULO--(BUSINESS WIRE)--
Accenture (NYSE: ACN) has acquired Tenbu, a cloud datafirm that specializes in solutions for intelligent decision-making and planning through areas such as analytics, big data and machine learning. With more than 150 certifications, Tenbu’s team of 170 data specialists will join the Data & AI team within Accenture Cloud First. Terms of the acquisition were not disclosed.
Accenture has acquired Tenbu, a cloud data firm that specializes in solutions for intelligent decision-making and planning through areas such as analytics, big data and machine learning. (Photo: Business Wire)
"Our goal is to help clients with total enterprise reinvention by building their digital core, optimizing operations and accelerating growth – and cloud data and AI are fundamental to a strong digital core,” said Karthik Narain, global lead for Accenture Cloud First. “Adding the Tenbu team will expand our capabilities to help companies drive new services, growth and resilience using data from across the cloud continuum for intelligent decision-making.”
“With changing business and operating models, evolving architectures, applications and data, clients are looking for help to understand how they can monetize across the cloud continuum,” said Paulo Ossamu, who leads Accenture Technology in Latin America. “The Tenbu team brings vast data and AI specialists to draw up clear priorities and help keep different parts of our clients’ organizations aligned to achieve specific business outcomes.”
The acquisition expands Accenture’s Cloud First capabilities through Latin America and globally to bring the company’s data and AI expertise, industry depth and repeatable innovation with the cloud ecosystem to help clients unleash the business value of data. Tenbu is the 11th acquisition with headquarters in Latin America that Accenture has made in the past five years, including Organize Cloud Labs in Brazil as well as Wolox and Ergo in Argentina, among others.
With headquarters in Sao Paulo, Tenbu focuses on minimizing complexity with a mission of inspiring people to creatively use data, supported by disruptive technology and talent transformation. Using a 360-degree approach, Tenbu guides its clients through the entire cloud data journey utilizing talent, technology and data to drive business transformation.
Carlos Pinto, Tenbu’s CEO said, “Joining the Accenture Cloud First team will enable us to bring our specialized skills to help clients make smart, well-informed decisions that generate value. It's also a massive growth opportunity for our people to be integrated with Accenture Cloud First and to team up on business opportunities across the Accenture business.”
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
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 risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions, including the invasion of Ukraine by Russia, the related sanctions and other measures that have been and continue to be imposed in response to this conflict, as well as the current inflationary environment, and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and skills 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 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 might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully 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 materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand 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 might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and 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 upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture 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.
