April 23, 2021
Accenture Acquires Strategy Activation Consultancy Root Inc. to Accelerate Organizational Culture and Transformational Change Using Creative and Experiential Approaches
NEW YORK CITY; April 23, 2021 – Accenture (NYSE: ACN) has acquired Root Inc., a consultancy with 30 years of experience helping Global 2000 organizations activate strategies and transform cultures using creative and visual methods to accelerate employee engagement and change effectiveness. Root joins Accenture’s Talent & Organization / Human Potential team, strengthening its organizational change management capabilities with multiple new experiential and digital assets designed to engage people intellectually and emotionally and do so rapidly and at scale. Terms of the transaction were not disclosed.
With 130 experts located in Ohio and Illinois, Root collaborates with clients to create and share their strategy and transformation stories in new and different ways that authentically connect with people, drive meaningful conversations, and create ownership for change.
One of Root’s key organizational change methodologies is the Root Learning Map® experience. Used by nearly 1,000 organizations globally, the Root Learning Map uses a large visual format, combined with data and dialogue to illustrate a company’s change journey. This is designed to get employees engaged and immersed in the strategic changes happening across their organizations and connected to their individual roles, resulting in accelerated and sustained strategic change.
“At Accenture, we search for disruptive innovations and methodologies to guide and support our clients as they undertake transformation journeys,” said Christie Smith, global lead for Talent & Organization / Human Potential at Accenture. “By adding Root’s unique digital-based creative capabilities to ours, we will help companies go beyond change management design or measurement and toward activating transformational change at scale.”
Root complements Accenture’s recent Talent & Organization / Human Potential acquisitions — fable+, Cirrus, Future State, and Kates Kesler — all of which aim to expand client offerings and create new ways to deliver value with a deep understanding of client needs and market challenges.
“Our unique ability to help organizations bridge the gap from strategy creation to strategy activation in a way that connects people’s hearts and minds to strategic change is a tremendous complement to Accenture’s focus on being the voice of change,” said Rich Berens, CEO at Root. “We have always been a champion for people and deeply understanding how they are affected by change. We are excited about the opportunity to be a part of the Accenture family and work across the globe to impact the lives of even more people positively and help organizations be more successful in their transformational efforts.”
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
Accenture’s Talent & Organization / Human Potential connects people and technology to unlock human ingenuity and drive enterprise-wide change. To learn more, visit https://www.accenture.com/us-en/services/talent-organization-human-potential-index.
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. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Many of the following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. 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