Accenture Completes Acquisition of George Group, Specialists in Process Improvement, Accelerating Innovation and Streamlining Operations
NEW YORK; September 4, 2007 — Accenture (NYSE: ACN) announced today that it has completed its acquisition of George Group, a privately held management consulting firm that helps companies and governments enhance their performance through strategic process improvements, accelerated innovation and streamlined operations.
As part of its comprehensive management consulting capabilities, Accenture will now be able to provide clients with offerings and techniques developed by George Group, including Lean Six Sigma, which combines process improvement methodology with efficient process discipline to reduce delivery times, lower costs and increase customer satisfaction. Terms of the sale were not disclosed.
The transition of George Group’s 250 employees to Accenture complements Accenture’s aggressive recruiting initiatives to meet rapidly growing client demand for management consulting services, especially in process-improvement solutions leading to enhanced performance. George Group consultants have provided services to Fortune 500 companies and government organizations in more than 54 countries.
In addition to Lean Six Sigma, George Group has developed techniques such as Fast Innovation, which provides companies with methods and processes to accelerate and sustain innovation, and Conquering Complexity, which helps companies measure and reduce the impact of complexity within their organizations.
“Accenture’s acquisition of George Group is a great strategic fit for both parties and reflects our commitment to grow our management consulting practice and build our expertise in this vital sector,” said Mark Foster, Accenture’s group chief executive–Management Consulting & Integrated Markets. “The addition of George Group’s outstanding 250-person staff, specialized techniques and expertise will significantly expand Accenture’s capabilities in process excellence and next-generation process re-engineering.”
About Accenture 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 158,000 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.
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. 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 described in this press release might not achieve the anticipated benefits for Accenture; our business could be negatively affected if we cannot expand and develop our services and solutions in response to changes in technology and client demand; the management consulting, systems integration and technology and outsourcing markets are highly competitive and we might not be able to compete effectively; our work with government clients exposes us to additional risks in the government contracting process; clients may not be satisfied with our services; our growth and our ability to compete may be adversely affected if we cannot attract, retain and motivate our employees or efficiently utilize their skills, including those personnel comprising the staff of the George Group; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in our most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this press 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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