July 08, 2013
Accenture and Predixion Software to Help Clients Reduce Cost and Time of Decision Making by Extending Advanced Analytics Solutions to Business Users
NEW YORK; July 8, 2013 – Accenture (NYSE: ACN) has entered into an agreement with Predixion Software, a provider of collaborative predictive analytics software, to jointly develop advanced industry and process-specific analytics solutions designed for the needs of business users. The agreement, which is part of a strategic investment Accenture has made in Predixion Software, strengthens Accenture’s ongoing strategy to bring capabilities to its clients that cover the full analytics value chain.
The new user friendly solutions will reduce the time and cost of decision making by embedding predictive analytics models into existing enterprise software applications. This will enable business users to employ data driven insights based on advanced analytical techniques and apply them directly to operational workflows, allowing them to make faster fact-based decisions in their day-to-day roles.
For example, U.S. hospital administrators can now use Predixion software to directly analyze patient data in order to advise on clinical interventions that will reduce re-admissions, drive efficiencies and improve patient health outcomes.
Accenture will make similar solutions available for businesses in industries such as life sciences using its deep industry expertise and capabilities in data science. Predixion will provide product development capabilities and technical skills on its predictive analytics platform to support the development of new solutions, which will be marketed to Accenture clients.
“We are pleased to join forces with Predixion Software to offer our clients’ business users new intuitive data analytics and collaboration solutions,” said Sajid Usman, global managing director for technology at Accenture Analytics. “The end-to-end capabilities we’re building will make it more cost effective for our clients to turn data into insights, actions, and ultimately business outcomes. Our strategic investment in Predixion is part of our ongoing strategy of bringing capabilities to our clients that cover the full analytics value chain and help them achieve a return on their investments in analytics.”
Further terms of the transaction were not disclosed.
Accenture’s analytics group (Accenture Analytics) has over 13,000 individuals with skills from data management to high end analytics, serving 70 of the Fortune Global 100 with a comprehensive analytics portfolio that covers industry-specific offerings, cross-industry offerings and functional solutions, all focused on ensuring our clients receive the returns from their analytics investments. With a worldwide network of Analytics Innovation Centers Accenture Analytics helps clients understand how analytics capabilities can be integrated into specific domain needs or by enterprise application ecosystem. To leverage emerging technologies and solutions for analytics, Accenture Analytics has alliances with leading academic institutions as well as with market-leading technology providers and multiple emerging niche analytics players.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 266,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
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. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for the company; the company’s results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; the company’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions, and a significant reduction in such demand could materially affect the company’s results of operations; if the company 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; the markets in which the company competes are highly competitive, and the company might not be able to compete effectively; the company could have liability or the company’s reputation could be damaged if the company fails to protect client and/or company data or information systems as obligated by law or contract or if the company’s information systems are breached; the company’s results of operations and ability to grow could be materially negatively affected if the company cannot adapt and expand its services and solutions in response to ongoing changes in technology and offerings by new entrants; as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; the company’s results of operations could materially suffer if the company is not able to obtain sufficient pricing to enable it to meet its profitability expectations; if the company’s pricing estimates do not accurately anticipate the cost, risk and complexity of the company performing its work or third parties upon whom it relies do not meet their commitments, then the company’s contracts could have delivery inefficiencies and be unprofitable; the company’s work with government clients exposes the company to additional risks inherent in the government contracting environment; the company’s business could be materially adversely affected if the company incurs legal liability in connection with providing its services and solutions; the company’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company’s alliance relationships may not be successful or may change, which could adversely affect the company’s results of operations; outsourcing services and the continued expansion of the company’s other services and solutions into new areas subject the company to different operational risks than its consulting and systems integration services; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; the company has only a limited ability to protect its intellectual property rights, which are important to the company’s success; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; the company might not be successful at identifying, acquiring or integrating businesses or entering into joint ventures; the company’s profitability could suffer if its cost-management strategies are unsuccessful, and the company may not be able to improve its profitability through improvements to cost-management to the degree it has done in the past; many of the company’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; changes in the company’s level of taxes, and audits, investigations and tax proceedings, or changes in the company’s treatment as an Irish company, could have a material adverse effect on the company’s results of operations and financial condition; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; if the company is unable to collect its receivables or unbilled services, the company’s results of operations, financial condition and cash flows could be adversely affected; the company’s share price and results of operations could fluctuate and be difficult to predict; the company’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company 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.
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