Accenture to Acquire IT Services Provider Trivadis AG, Expanding Data and AI Capabilities to Help Companies Accelerate Data-Driven Transformation
Accenture (ACN) has announced plans to acquire Trivadis AG, an IT services provider focused on data solutions. The acquisition aims to enhance Accenture's capabilities in data and AI, leveraging Trivadis's team of over 710 professionals across Europe. The deal is part of Accenture's strategy to scale cloud and data-driven solutions, although financial terms were not disclosed. Experts from both companies anticipate that this acquisition will enable better data utilization, cloud migrations, and improved client services.
- Enhances Accenture's Data & AI capabilities with Trivadis's expertise.
- Trivadis's team of over 710 professionals will provide significant talent and resources.
- Potential for increased client base and enhanced data solutions offerings.
- Financial terms of the acquisition remain undisclosed, creating uncertainty.
- The acquisition is subject to customary closing conditions, which may delay integration.
Accenture (NYSE: ACN) has entered into an agreement to acquire Trivadis AG, an IT services provider specializing in platforms and solutions that enable highly automated provisioning and innovative use of data. Trivadis’s team of more than 710 professionals located across Switzerland, Germany, Austria, Denmark, and Romania will join Accenture’s Data & AI team within the Accenture Cloud First group. Financial terms of the acquisition were not disclosed.
Trivadis to become part of Accenture (Photo: Business Wire)
With headquarters in Glattbrugg, Switzerland, Trivadis uses a suite of proprietary accelerators and assets to help companies advance their data platform lifecycles, automate operational tasks in databases, develop data warehouse solutions and accelerate cloud migrations. Trivadis works with clients to improve their data literacy, drive cloud-based data modernization journeys and deliver actionable insights. Trivadis also helps companies to refine business models and use new capabilities such as automation, AI and cloud services to lay a strategic foundation that draws the greatest possible value from data.
“Data’s worth depends on its accessibility and application. Cloud is the only place where data gains scale, agility and the power to drive reinvention so business can soar. Data is the vital source of business value today. However, the power of data can be limited if locked in legacy, on-premises platforms,” said Karthik Narain, global lead for Accenture Cloud First. “Acquiring Trivadis will strengthen our ability to help clients blend data from different sources together in real-time, build agile reporting, and leverage analytics and AI to create broadly accessible customer, market and operational insights that deliver meaningful business outcomes.”
“Data is fundamental for the development of any business today and has been part of Trivadis’s DNA since the beginning,” said Gerald Klump, co-CEO of Trivadis. “We are excited to join Accenture and to scale our value proposition to a larger client base.”
Ana Campos, co-CEO of Trivadis, added: “Together, we will create great opportunities for our people to develop and become the partner of choice for businesses to harness the power of data in the cloud.”
Frank Riemensperger, market unit lead for Accenture in Germany, Austria, Switzerland, and Russia, said: “Having Trivadis’s talented team join Accenture will strengthen our data on cloud capabilities with a strong focus on engineering. Combining these specific technological skills with Accenture’s business strategy expertise and global network, will scale our end-to-end data and analytics offering and reinforce Accenture’s cloud and data-driven reinvention strategies.”
Founded in 1994, Trivadis has worked with clients across industries including the public sector, automotive and life science industries. Trivadis has been recognized by the leading Swiss economic weekly Handelszeitung as a top employer in the category “Internet, Telecommunications and IT” for 2021.
Completion of the acquisition is subject to customary closing conditions.
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: Accenture and Trivadis 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 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. 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