October 26, 2020
Accenture Acquires Cloud-Native Provider Enimbos, Bolstering Cloud-First Capabilities in Spain and Portugal
Acquisition brings more cloud skills to help clients accelerate their digital transformations
Acquisition brings more cloud skills to help clients accelerate their digital transformations
MADRID; Oct. 26, 2020 – Accenture (NYSE: ACN) has acquired Enimbos, a Madrid-based provider of cloud migration and related services, enhancing its Amazon Web Services (AWS) capabilities, multi-cloud strategy and cloud migration services in Spain and Portugal.
The acquisition follows Accenture’s recent announcement of a US$3 billion investment to help clients rapidly become “cloud-first” businesses and accelerate their digital transformations.
Enimbos is an AWS Premier Consulting Partner with more than 130 AWS certifications and has strong relationships with other cloud providers, bringing a total of more than 260 cloud-related certifications. In addition to cloud migration services, Enimbos also provides cloud modernization services, standardized multi-cloud managed services, and cloud governance and optimization. Enimbos is headquartered in Madrid, with additional offices in Cáceres, Mérida and Barcelona in Spain, and in Aveiro and Lisbon in Portugal.
“The acquisition of Enimbos brings more cloud-native skills and experience to our growing Cloud First organization,” said Karthik Narain, Accenture’s Cloud First lead. “We’ve learned from more than 34,000 cloud projects that a cloud-first strategy begins with creating a holistic cloud journey that influences many aspects of a client’s business, including their applications, infrastructure, talent and surrounding cloud ecosystem. Cloud-native capabilities are essential to designing next-generation systems that power the innovation that businesses need today at speed and at scale.”
Enimbos’s employees are joining Accenture’s Cloud First organization, which includes 70,000 cloud professionals globally who help clients transform their many distinct processes and functions through integrated cloud strategies and transformation journeys.
“The addition of Enimbos is a significant step forward in our growth strategy in Spain and Portugal, and in our plans to continue enhancing Accenture’s specialized capabilities with each of the native ecosystem partners in the cloud world, such as Amazon, Google and Microsoft,” said Domingo Mirón, who leads Accenture’s business in Iberia. “Most companies have not completed their digital transformation and urgently need to fast-track their innovation journeys. Cloud is the key enabler to complete their transformation, and COVID-19 has further accelerated this mandate. This accelerated transition will shift companies to about 80% cloud in the next three years, and Accenture can guide them to capture the strongest business outcomes possible.”
Javier de la Cuerda, Enimbos’s founder and CEO, said, “We have always aspired to be a key player in the cloud migration journey for large organizations in Spain and Portugal. Being part of Accenture enhances our value and advisory role for clients, helping them transform their businesses to innovate faster and create differentiated value. This is our moment to redefine and take a leadership position in enabling such transformation by combining our two organizations’ industry and functional expertise with the power of the cloud.”
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 506,000 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.
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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, Quarterly Report on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news 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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José Luis Sánchez
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