Accenture Completes Acquisition of Pecaso, a Leading Information Technology Firm for SAP Human Capital Management
NEW YORK and HEIDELBERG, Germany; May 8, 2006 – Accenture (NYSE:ACN) has completed its previously announced acquisition of Pecaso Limited, a leading information technology firm specializing in SAP human capital management (HCM) consulting and integration services for multinational corporations and governments.
“We’re very pleased to have Pecaso’s skilled professionals now on board, along with Pecaso’s robust set of information technology products to help optimize and accelerate SAP HCM implementations for clients,” said Peter Cheese, global managing director of Accenture’s Human Performance practice. “The addition of Pecaso’s deep capabilities for implementing SAP human capital management complements Accenture’s global reach, our Human Performance practice’s breadth, and our proven ability to manage large and complex projects from inception to completion.”
The acquisition is also expected to enhance Accenture’s alliance with SAP. Accenture has won five SAP Pinnacle awards, more than any other SAP partner.
“We believe the market for SAP HCM is going to see continued, strong growth, so Accenture’s acquisition of one of the top niche players in the business is a sound strategic move,” IDC analyst Mike Friend said. “This transaction will significantly strengthen Accenture’s HR consulting expertise in both the large and the expanding medium enterprise market space, whilst allowing Pecaso’s management to build a broad-based, global business in a way that would be impossible without Accenture.”
Pecaso founders Martin Braun and Thomas Kastner have joined Accenture’s Human Performance practice, along with all key members of Pecaso’s leadership team and their approximately 300 human resources and information technology experts in seven countries. With the acquisition, Accenture now employs more than 5,000 human capital professionals worldwide. Terms of the transaction were not disclosed.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 129,000 people in 48 countries, the company generated net revenues of US$15.55 billion for the fiscal year ended Aug. 31, 2005. Its home page is www.accenture.com.
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