Accenture PLC - ACN STOCK NEWS

According to a recent Accenture report, boardrooms of major banks are lacking in technology expertise despite increased digital technology adoption. Analyzing the backgrounds of nearly 2,000 directors across over 100 banks, it reveals that only 10% of board directors possess professional technology experience, up by just 4% from 2015. The report recommends that 25% of bank directors should have such expertise. While there is a 33% representation of women in technology roles today, banks in the U.K. and U.S. lead in technology experience, leaving other regions lagging.

Accenture has finalized the acquisition of Imaginea, a cloud-native engineering firm based in California, enhancing its digital transformation capabilities. The terms of the acquisition remain undisclosed, but Imaginea brings approximately 1,350 skilled professionals specializing in cloud data and modernization across various platforms. This acquisition strengthens Accenture's Cloud First strategy, which is backed by a $3 billion investment and aims to improve cloud services for over 200 global clients.

Accenture (NYSE: ACN) has acquired REPL Group, a U.K.-based technology consultancy specializing in supply chain and retail solutions. The acquisition aims to enhance Accenture's capabilities in delivering improved customer and employee experiences in retail. Founded in 2007, REPL brings a skilled team of 440 professionals to Accenture. This move follows Accenture's recent acquisitions including Edenhouse and Infinity Works, enhancing its cloud and digital transformation services. The financial terms of the deal remain undisclosed.

Accenture (NYSE: ACN) will host a conference call on March 18, 2021, at 8:00 a.m. EDT to discuss its Q2 fiscal year 2021 financial results. A news release will precede the call. Interested participants can dial +1 (877) 692-8955 (or outside the U.S. +1 (234) 720-6979) and enter access code 4728020. The call will also be accessible live on Accenture's Investor Relations website. A replay will be available from 11:00 a.m. EDT on the same day until June 24, 2021.

Accenture (NYSE: ACN) has acquired GRA, a supply chain and logistics consulting firm based in Australia. This move enhances Accenture's capabilities in addressing complex supply chain demands for both public and private sectors. GRA, founded in 1997, operates in major Australian cities and specializes in developing end-to-end supply chain strategies. Tara Brady, Accenture's local managing director, emphasized that the acquisition will enable more agile and customer-centric supply chains. Terms of the transaction remain undisclosed.

Accenture has announced its acquisition of Pollux, a Brazilian provider of industrial robotics and automation solutions. This strategic move aims to enhance Accenture’s capabilities for clients across various industries, including consumer goods, pharmaceuticals, and automotive. Pollux, founded in 1996, has completed over 1,000 projects, serving top global companies. The acquisition will integrate Pollux’s 290 professionals into Accenture’s Industry X group, fostering advancements in digital manufacturing and supply chain efficiency. Financial terms were not disclosed, and the deal is subject to customary closing conditions.

Accenture has acquired Cirrus, a UK-based leadership and talent consultancy, enhancing its Talent & Organization/Human Potential services. This acquisition aims to bolster Accenture's coaching and development capabilities, enabling faster and scalable leadership programs amidst ongoing business transformations. Cirrus, founded by thought leader Dr. Simon Hayward, brings expertise in leadership and engagement, serving clients globally. The financial terms of the acquisition remain undisclosed, marking it as Accenture's third acquisition in the UK this year.