August 08, 2017
Accenture Completes Acquisition of Phase One, Bolsters Salesforce Capabilities and Innovation in the Cloud for Federal Market
ARLINGTON, VA; Aug. 8, 2017 – Accenture (NYSE: ACN) has completed its acquisition of Phase One Consulting Group, Inc., a privately held Alexandria, Virginia-based company specializing in modernization and digital transformation for the federal market.
The acquisition of Phase One, which was first announced on June 7, 2017, expands Accenture’s capabilities to support key infrastructure and application modernization initiatives that are designed to enable federal agencies to deliver greater agility, enhanced security features and cost savings. Phase One offers secure cloud solutions for cabinet departments and federal agencies, supporting wide-ranging missions across national infrastructure, finance and regulatory services, human services, healthcare, and homeland security sectors
“Clients turn to Accenture Federal Services to solve their largest, most complex problems in national security, healthcare and citizen services,” said David Moskovitz, chief executive of Accenture Federal Services. “We continue to look for ways to advance our capabilities by investing in expertise and innovative approaches in digital, cloud, cyber, analytics and emerging technologies to design transformational government services that drive better mission outcomes, effectiveness, and customer experiences.”
Phase One is a Salesforce Platinum Consulting Partner focused exclusively on the federal IT market. This elite status reflects its expertise in Salesforce integration and development services within some of the most complex federal client technology environments. For the federal market, Phase One has developed cloud accelerator methodologies designed to help federal clients rapidly deploy new capabilities to enhance their organizational efficiency and achieve mission-specific goals.
Accenture was one of the first global companies to establish a strategic alliance with Salesforce and continues to grow and strengthen its position as a leading Salesforce Partner. With more than 11,000 Salesforce-skilled professionals and an ongoing investment in building deep Salesforce skills and leading capabilities, Accenture is unique in the Salesforce ecosystem.
The acquisition of Phase One is the seventh Salesforce-related acquisition that Accenture has made since 2014; the others include Media Hive, New Energy Group, CRMWaypoint, Cloud Sherpas, tquila and ClientHouse
In April, Accenture was identified as the overall leader in the “as-a-Service Winners’ Circle” in the HfS Blueprint Report: Salesforce Services 2017 for its excellence in both Salesforce innovation and execution. The report named Accenture as the “clear leader in scale” with “the largest Salesforce services practice” in the Salesforce ecosystem. In May, Salesforce named Accenture Interactive the 2017 Salesforce Commerce Cloud Global Innovation Partner of the Year in recognition of its outstanding contribution toward business growth, technology innovation and joint customer success.
The financial details of the transaction are not being disclosed.
Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company with offices in Arlington, Virginia. Accenture’s federal business has served every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations.
Salesforce and others are trademarks of Salesforce.com, Inc.
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 more than 411,000 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.
Accenture is a leader in helping organizations move to the cloud to take advantage of a new era of service delivery and flexibility, where applications, infrastructure and business processes are brought together and delivered As-a-Service. Accenture’s Cloud First agenda offers comprehensive, industry-focused cloud services including strategy, implementation, migration and managed services, and assets including the Accenture Cloud Platform that can drive broader transformational programs for clients. Accenture has worked on over 20,000 cloud computing projects for clients, including three-quarters of the Fortune Global 100, and has more than 31,000 professionals trained in cloud computing.
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 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 changing 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; the markets in which Accenture competes are highly competitive, and Accenture might not be able to compete effectively; Accenture could have liability or Accenture’s reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; 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; 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 results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; 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 might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of Accenture’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to Accenture’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; Accenture’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 Accenture is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of Accenture’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; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; 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.
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