Accenture and Texas Health and Human Services Commission to End Contract Early
NEW YORK; March 13, 2007 — Accenture (NYSE: ACN) and the Texas Health and Human Services Commission (HHSC) have mutually agreed to wind down the contract between the Accenture-led Texas Access Alliance and HHSC. Under the contract, the Alliance has been working with HHSC to enhance its technology and business operations in support of the state’s modernization plans.
Accenture and HHSC have not been able to agree on contract changes required to implement the “rebalancing” of the contract that HHSC Commissioner Albert Hawkins announced on Dec. 21, 2006. Accenture and HHSC had been in discussions since November 2006 on changing the terms of the contract.
Accenture and HHSC are working together to develop a timeline for the transition of services covered under the contract back to the state and to ensure that the transition will be as seamless as possible.
Accenture does not expect the wind-down of the contract to have a material impact on its financial performance.
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 approximately 146,000 people in 49 countries, the company generated net revenues of US$16.65 billion for the fiscal year ended Aug. 31, 2006. Its home page is www.accenture.com.
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