Accenture Completes Acquisition of Enkitec, Extending Ability to Help Clients Optimize Oracle-Based Data Center Solutions
NEW YORK; June 10, 2014 – Accenture (NYSE: ACN) has completed its acquisition of Enkitec, an Oracle Platinum partner and a worldwide leader in Oracle Exadata implementations and Oracle database administration and development. The acquisition, first announced on May 15, brings Enkitec’s substantial expertise and experience to Accenture’s Oracle business and will help simplify solution implementation, increase productivity and accelerate time to value with Oracle engineered systems and database technologies for clients.
Enkitec is a global systems integrator specializing in the delivery of Oracle database technologies and customized end-to-end services for Oracle Engineered Systems. Oracle Engineered Systems combine Oracle’s applications and database technology, pre-integrated onto a single hardware platform to enable innovations at every layer of the stack. Enkitec will be integrated into Accenture’s global Infrastructure Services business and become part of the company’s previously announced strategic initiative to bring the performance and flexibility of Oracle Engineered Systems to clients more quickly and cost-effectively.
“This acquisition infuses a level of industry-leading talent into our Oracle Engineered Systems business,” said Derek Steelberg, global managing director of Oracle business for Accenture. “The combination of our infrastructure transformation expertise and Enkitec’s deep Oracle knowledge and skill set means that our clients can more quickly derive greater business value from their investments across the spectrum of Oracle technologies.”
Accenture is a global management consulting, technology services and outsourcing company, with approximately 289,000 people serving clients in more than 120 countries. 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. The company generated net revenues of US$28.6 billion for the fiscal year ended Aug. 31, 2013. Its home page is www.accenture.com.
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as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; the company might not be successful at identifying, acquiring or integrating businesses or entering into joint ventures; the company’s work with government clients exposes the company to additional risks inherent in the government contracting environment; the company’s business could be materially adversely affected if the company incurs legal liability; the company’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company’s alliance relationships may not be successful or may change, which could adversely affect the company’s results of operations; outsourcing services and the continued expansion of the company’s other services and solutions into new areas subject the company to different operational risks than its consulting and systems integration services; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; many of the company’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; changes in the company’s level of taxes, and audits, investigations and tax proceedings, or changes in the company’s treatment as an Irish company, could have a material adverse effect on the company’s results of operations and financial condition; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; if the company is unable to collect its receivables or unbilled services, the company’s results of operations, financial condition and cash flows could be adversely affected; the company’s share price and results of operations could fluctuate and be difficult to predict; the company’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; the company 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.
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Peter Y. Soh
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