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Accenture plc (NYSE: ACN) is a global professional services company headquartered in Dublin, Ireland. With reported revenues of $61.6 billion in 2022, this Fortune Global 500 company specializes in information technology services and consulting. Accenture employs nearly 500,000 professionals across 200 cities in 51 countries, delivering a wide range of services including strategy, consulting, technology, and operations.
The company's core services encompass digital transformation, procurement, and software system integration. Accenture's diverse client base spans various sectors such as communications, media, technology, financial services, health and public services, consumer products, and resources. Recent accomplishments include the launch of a new federal health portfolio following the acquisition of Cognosante, which will enhance mission-driven solutions for federal health agencies.
Accenture is also focused on sustainable business practices. It recently acquired Partners in Performance, a strategy firm specializing in asset-intensive industries, to bolster its capabilities in data and AI. In the semiconductor industry, Accenture expanded its digital engineering services by acquiring Teamexpat, further cementing its leadership in technology-driven solutions.
Through innovative ventures like its partnership with Kraken Technologies, Accenture helps utilities modernize and enhance customer energy management, exemplified by its collaboration with EDF in the UK. The company's federal services arm, Accenture Federal Services, continues to support U.S. government agencies, evidenced by a contract with the TSA valued at up to $170 million to deliver agile technology solutions.
Accenture is committed to driving customer-centric transformations using advanced technologies. Collaborations with leading brands like Bath & Body Works and MI New York underline its ability to leverage AI and digital tools to enhance customer experiences and operational efficiency. By constantly evolving its service offerings and embracing cutting-edge technologies, Accenture remains a pivotal force in the professional services landscape, creating value for clients, shareholders, and communities worldwide.
Accenture (NYSE: ACN) will hold a conference call on June 24 at 8:00 a.m. EDT to discuss its financial results for the third quarter of fiscal year 2021. A news release with the financial details will be issued before the call. Interested participants can join by dialing +1 (877) 692-8955 or +1 (234) 720-6979 from outside the U.S. The call will also be streamed live on Accenture's Investor Relations page. A replay will be available online and via telephone starting at 11:00 a.m. EDT on June 24 until September 22, 2021.
Accenture (NYSE: ACN) has invested in Imburse, a cloud-based payments-as-a-service platform, aiming to simplify global payment access for businesses. Founded in Zurich in 2018, Imburse connects legacy systems to the payments ecosystem via APIs, serving clients like Generali Group. This partnership will enhance payments interoperability, crucial for digital transformation. Imburse will join Accenture Ventures' Project Spotlight for tech startups, gaining access to Accenture's innovation network. The investment's terms remain undisclosed.
Accenture (NYSE: ACN) has been recognized as a leader in digital strategy consulting services according to the IDC MarketScape report. The assessment highlights Accenture's strengths in strategy and vision, particularly its action-oriented approach to client engagements. Clients commend the firm for its ability to innovate and deliver comprehensive transformation. The report emphasizes the necessity for organizations to invest in technology and strategic change, positioning Accenture as a key partner for companies aiming for agility and growth post-pandemic.
Accenture Federal Services (AFS) has secured a $112 million task order from the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA). This contract aims to bolster defenses against cyberattacks for Federal Civilian Executive Branch (FCEB) systems. AFS will enhance real-time visibility into cyber threats and provide advanced cybersecurity services. This task order is part of the Alliant 2 Governmentwide Acquisition Contract and includes a base year with four optional renewal periods.
Accenture (NYSE: ACN) has announced its agreement to acquire Exton Consulting, a Paris-based firm specializing in strategy and business management for financial services clients in Europe. While financial details are undisclosed, the acquisition aims to enhance Accenture's capabilities in addressing the growing transformation needs of the financial services industry. Exton, founded in 2006, brings a skilled team of around 150 professionals who will strengthen Accenture's Financial Services group, providing innovative solutions across strategy, technology, and operations.
Accenture (NYSE: ACN) has strategically invested in Beamery, a London-based startup utilizing AI for talent acquisition and retention. Beamery's platform helps organizations manage talent lifecycle by analyzing vast data points to identify potential candidates, support diversity efforts, and enhance employee development. As part of Accenture Ventures' Project Spotlight, the collaboration aims to innovate and scale Beamery's solutions for enterprise clients, addressing modern talent acquisition challenges amid skills shortages and competitive hiring markets.
Accenture (NYSE: ACN) has announced an agreement to acquire DI Square, enhancing its capabilities in product lifecycle management (PLM) and application lifecycle management (ALM) systems integration. This strategic acquisition aims to bolster Accenture’s engineering expertise, particularly for automotive and manufacturing clients in Japan and beyond. DI Square brings valuable know-how and approximately 70 professionals to Accenture’s Industry X group, facilitating comprehensive digital transformation for clients in manufacturing. Financial terms of the transaction remain undisclosed.
Accenture Federal Services (AFS) has launched a new innovation space at the University of Alabama in Huntsville’s Invention to Innovation Center (I²C). This facility aims to foster collaboration between AFS and local government leaders to address significant governmental challenges and enhance digital transformation initiatives. Jenna O'Steen, AFS Managing Director, expressed excitement about the potential partnerships in the technology hub of Huntsville. The I²C will utilize UAH's resources to promote innovative solutions for future government needs.
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