February 17, 2020

Accenture Adds New SAP Capabilities in Australia and New Zealand with Acquisition of Technology Consultancy Icon Integration



Clients to benefit from addition of specialised supply chain and business intelligence capabilities which help to lower operational costs and improve performance


SYDNEY, Australia; Feb 17, 2020 – Accenture (NYSE: ACN) has acquired Icon Integration, a privately held Australian technology consultancy that provides SAP digital supply chain solutions and services as well as specialised business intelligence (BI) solutions to clients across Australia and New Zealand. This acquisition will boost Accenture’s growing technology practice and number of SAP professionals in the region.

Icon Integration was founded in 2011 and employs a team of approximately 70 professionals at its offices in Sydney and Melbourne, as well as in New Zealand. The firm works with some of the regions’ largest retail, consumer goods and government organisations, bringing differentiated capabilities in supply chain execution, particularly warehouse management. Icon Integration also helps companies with data optimisation, as well as designing, developing and delivering bespoke enterprise technology solutions that help clients improve business performance and operational efficiencies.

Pictured LtoR: Peter Collett, co-founder and co-managing director, Icon Integration;
Scott Hahn, Accenture Technology lead for Australia and New Zealand;
and Paul Roddis, co-founder and co-managing director, Icon Integration.

“Over the last 10 years, Icon Integration’s founders have built a strong business with a senior team of professionals who take both business and technology needs into account to help clients improve business performance,” said Scott Hahn, who leads Accenture’s Technology practice in Australia and New Zealand. “Combined, Accenture and Icon Integration offer a unique proposition to help clients realise tangible business benefits from their technology investments. This acquisition supports our strategic growth objectives to meet rising demand for technology solutions by SAP users. We welcome Icon Integration’s team and clients to our practice.”

“We are excited by the opportunity to join forces with Accenture and to tap into their breadth of capabilities and specialisations that will significantly build on the success we have achieved in our business to date,” said Paul Roddis, co-founder and co-managing director at Icon Integration. “Our people will be able to expand their skills and grow their careers through exposure to new clients, new work and new experiences. Our clients will gain access to a broader set of services and capabilities, both locally and globally.”

Bob Easton, chairman of Accenture in Australia and New Zealand, said, “Over the last 18 months we have made several acquisitions in areas where there is growing demand from clients as they look to capitalise on the innovation opportunity presented by the digital economy. These ongoing investments are a demonstration of our commitment to deepen our capabilities and to scale at speed, so we can better serve our clients and position our business for future growth.”

This transaction follows other acquisitions by Accenture in Australia over the past 12 months, including those of specialist government consultancy, Apis Group in December 2019; big data and analytics company Analytics8 in August 2019; and cybersecurity and technology company BCT Solutions in June 2019.

Terms of the transaction are not being disclosed.

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 505,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About Icon Integration
Established in 2011, ICON INTEGRATION employs a team of approximately 70 professionals working out of Sydney, Melbourne and New Zealand. Specialising in SAP supply chain execution, and business intelligence (BI), ICON INTEGRATION helps clients to maximise their operational efficiencies and utilise their data to improve business processes, identify and leverage new opportunities, and gain a competitive advantage.

Forward-Looking Statements
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. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations could 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 breaches or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; 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 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; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; 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; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; 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; many of Accenture’s contracts include fees subject to the attainment of targets or specific service levels, which could increase the variability of the company’s revenues and impact its margins; 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. 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.

Copyright © 2020 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

# # #



Contact:

Sinéad Moore
Accenture
+61 419 468 985
sinead.moore@accenture.com