Accenture Partners Vote to Proceed with Initial Public Offering
Accenture Files Registration Statement with SEC
DALLAS, April 19, 2001 – Accenture announced today that its partners have voted overwhelmingly to proceed with an initial public offering. Accordingly, it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of Class A common shares.
Accenture’s newly issued shares will be offered by an underwriting syndicate led by joint book-running managers Goldman, Sachs & Co. and Morgan Stanley.
Joe W. Forehand, Accenture managing partner and CEO, said, “Our partners’ decision reflects our organization’s commitment to enhance our long-term growth, strengthen our ability to deliver the highest-value solutions to our clients and continue to provide competitive rewards to motivate and attract the best people.”
Accenture is the world’s leading provider of management and technology consulting services and solutions. More than 70,000 people in 46 countries deliver a wide range of specialized capabilities and solutions to clients across all industries. Under its strategy, Accenture is building a network of businesses to meet the full range of client needs — consulting, technology, outsourcing, alliances and venture capital. Accenture’s home page address is http://www.accenture.com.
A registration statement relating to the offering has been filed with the Securities and Exchange Commission but has not yet become effective. The shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This announcement appears as a matter of record only and should not be taken as an inducement or solicitation to subscribe for shares in any subsequent initial public offering.
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