Accenture Expands Change Management Capabilities by Acquiring Organizational Transformation Consultancy Future State
Accenture (NYSE: ACN) has acquired Future State, a change management consulting firm based in Oakland, CA. This acquisition adds a 75-person specialized team to Accenture's Talent & Organization / Human Potential practice, enhancing its capabilities in agile business transformation. Future State, recognized for its innovative approach and commitment to corporate social responsibility, strengthens Accenture's offerings in product development, business growth, and post-merger integration. Terms of the transaction were not disclosed.
- Acquisition of Future State enhances Accenture's expertise in agile business transformation.
- Future State brings strong credentials in product development enablement and business growth.
- Transaction terms were not disclosed, leaving uncertainty about financial implications.
Accenture (NYSE: ACN) has acquired Future State, a change management consulting firm headquartered in Oakland, CA. Future State’s 75-person team joins the Talent & Organization / Human Potential practice at Accenture, adding highly specialized expertise focused on agile business transformation.
Future State is now part of the Accenture family
Future State makes ideas and innovation real for clients within the life sciences, CPG and technology industries, through expert planning, intuitive communication, team coaching and empathy. This innovative approach — along with strong credentials in product development enablement, business growth and post-merger integration — add new methodologies that expand Accenture’s existing C-suite offerings. Future State, a certified B Corp, is also widely recognized for its commitment to corporate social responsibility, and was selected by B Lab as a “Best for the World Changemaker” honoree in 2019.
“As the ongoing health, economic and social crises have demonstrated, disruption is constant and companies must adapt to thrive and grow,” said Eva Sage-Gavin, global lead for Accenture’s Talent & Organization / Human Potential practice. “By adding the experience and talent of Future State, Accenture is expanding its capabilities to help clients in their business transformation journeys as they navigate a rapidly changing world.”
For the past 40 years, Future State has helped some of the world’s leading life sciences and technology companies with the change management expertise they require to thrive, particularly during times of disruption. Future State complements Accenture’s most recent Talent & Organization / Human Potential acquisition — Kates Kesler in 2020 — that aims to expand client offerings and create new ways to deliver value with a deep understanding of client needs and market challenges.
“The clients we work with are changing the world, and that kind of innovation doesn’t happen using standard models, nor does it happen by standing still,” said Shannon Adkins CEO of Future State, a woman-led, woman-owned business. “Joining Accenture enables us to scale our value proposition by unleashing the unique talents of our design-thinkers and design-doers to help more clients pursue their extraordinary visions that aim to positively impact the world.”
Terms of the transaction were not disclosed.
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 514,000 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.
Accenture’s Talent & Organization / Human Potential connects people and technology to unlock human ingenuity and drive enterprise wide change. To learn more, visit https://www.accenture.com/us-en/services/talent-organization-human-potential-index.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210202005358/en/
FAQ
What is the impact of Accenture's acquisition of Future State on ACN's stock?
What does Future State specialize in and how does it benefit Accenture?
When was the acquisition of Future State by Accenture announced?
How many employees does Future State have?