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Accenture Completes Acquisition of Linkbynet for Cloud First Services

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Accenture (NYSE: ACN) has successfully completed its acquisition of Linkbynet, a prominent cloud services provider based in France. Founded in 2000, Linkbynet specializes in cloud optimization, transformation, and security, boasting over 900 skilled professionals with 400 certifications from leading cloud platforms. This acquisition enhances Accenture's global cloud capabilities under its Accenture Cloud First initiative, backed by a $3 billion investment and a workforce of 70,000 cloud experts, aiming to deliver greater value at speed and scale.

Positive
  • Acquisition of Linkbynet enhances Accenture's cloud service capabilities and expertise.
  • Linkbynet's team of over 900 professionals brings 400 certifications from major cloud providers.
  • Strengthens Accenture Cloud First initiative, supported by a $3 billion investment and a workforce of 70,000.
Negative
  • Transaction terms were undisclosed, raising potential concerns regarding financial impact.
  • Acquisition integration challenges may arise given Linkbynet's existing operations across multiple countries.

Accenture (NYSE: ACN) has completed its acquisition of Linkbynet, a leading cloud services provider headquartered in France, specializing in cloud optimization and managed services, cloud transformation and cloud security. Accenture announced its intent to acquire Linkbynet on May 11, 2021. Terms of the transaction were not disclosed.

Linkbynet is now part of Accenture (Photo: Business Wire)

Linkbynet is now part of Accenture (Photo: Business Wire)

Founded in 2000, Linkbynet is based in Saint-Denis, France, with additional offices in Belgium, Canada, China, France, Luxembourg, Mauritius, Singapore and Vietnam. The company’s team of more than 900 highly skilled professionals holds 400 certifications from major cloud providers such as Alibaba, Amazon, Google and Microsoft.

Linkbynet will further enhance the global capabilities of Accenture Cloud First. Powered by 70,000 cloud professionals and a $3 billion investment over the next three years, Accenture Cloud First group brings together unmatched depth and breadth of cloud expertise, industry cloud solutions, ecosystem partner capabilities, and assets that help clients realize greater value from cloud at speed and scale.

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, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 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 www.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. Many of the following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; 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 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; Accenture could face legal, reputational and financial risks if the company fails to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; 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 ability to attract and retain business and employees may depend on its reputation in the marketplace; 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; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; 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 might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; 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; 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; 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.

Copyright © 2021 Accenture. All rights reserved. Accenture, and its logo are trademarks of Accenture.

FAQ

What are the details of Accenture's acquisition of Linkbynet?

Accenture has acquired Linkbynet, a French cloud services provider, to enhance its cloud capabilities. The terms of the acquisition were not disclosed.

How does the acquisition of Linkbynet impact Accenture's cloud services?

The acquisition strengthens Accenture's cloud services through Linkbynet's expertise in cloud optimization, transformation, and security, enhancing its Accenture Cloud First initiative.

What is Linkbynet's significance to Accenture's strategy?

Linkbynet's skilled workforce and certifications from major cloud providers will bolster Accenture's offerings and service delivery in the cloud domain.

When was the acquisition of Linkbynet announced?

Accenture announced its intent to acquire Linkbynet on May 11, 2021.

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