Accenture Completes Acquisition of H.B. Maynard and Co., Inc., Expanding Workforce-Performance Capabilities
NEW YORK; Oct. 12, 2007 — Accenture (NYSE: ACN) has completed its acquisition of H.B. Maynard and Co., Inc. (Maynard), a privately held consulting, software and training firm that provides workforce-productivity-management solutions to help companies improve their performance and market competitiveness.
By providing Accenture with Maynard’s specialized expertise in workforce performance techniques and strong suite of software tools, the acquisition strengthens Accenture’s Retail practice, which provides a wide variety of services to help clients increase the performance of their workforces.
“This acquisition helps us further develop our management consulting practice, particularly around retail stores and distribution,” said Janet Hoffman, managing director of Accenture’s Retail practice in North America. “The combination of Accenture’s experience with Maynard’s processes and tools will help our clients achieve both operational and workforce efficiency more quickly than ever, putting them on the road to high performance.”
The transition of Maynard’s more than 90 employees to Accenture complements Accenture’s aggressive recruiting initiatives to meet growing client demand for management consulting services.
Terms of the agreement 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 approximately 170,000 people in 49 countries, the company generated net revenues of US$19.70 billion for the fiscal year ended Aug. 31, 2007. 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 Maynard; 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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