Accenture Completes Acquisition of AddVal Technology - Enhancing Freight-Management Capabilities
NEW YORK; June 4, 2008 — Accenture (NYSE: ACN) has completed its acquisition of the business of AddVal Technology, Inc. (AddVal), a privately owned provider of end-to-end shipment-management products and services to global freight-management and airline-cargo companies. Based in Cupertino, Calif., AddVal has a software development center in Chennai, India.
By providing Accenture with AddVal’s industry-leading technology platform for freight order management, the acquisition strengthens Accenture’s Freight & Logistics practice, which provides a wide variety of services to the global freight-management industry.
“This acquisition enhances Accenture’s ability to help clients modernize their freight-management services and accelerate integration of the freight-management systems with key finance, business intelligence and other management systems,” said Paul Tournier, managing director of Accenture’s Freight & Logistics practice. “The combination of Accenture’s experience with AddVal’s industry-leading technology platform will help our clients achieve operational efficiency and truly global integration faster and more effectively than ever before.”
The transition of more than 80 AddVal employees to Accenture complements Accenture’s aggressive recruiting initiatives to meet growing client demand for systems integration and transformation.
Terms of the agreement were not disclosed.
Accenture is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. With 178,000 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.
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