December 20, 2018
Accenture to Acquire Knowledgent to Amplify Capabilities that Help Businesses Transform into Data-Powered Intelligent Enterprises
NEW YORK; Dec. 20, 2018 – Accenture (NYSE: ACN) has entered into an agreement to acquire Knowledgent, a data intelligence company, expanding its data management capabilities that help companies gain deep insights into their businesses and customers, creating a strong competitive advantage. Based in New Jersey, Knowledgent employs more than 200 highly skilled “informationists” that provide data strategy and architecture, data engineering, and data management services.
Accenture is driving innovation in data services with investments in machine-led solutions, highly skilled data specialists and leading platform and industry data capabilities, helping clients rotate to data-powered intelligent enterprises. Knowledgent also helps enterprises maximize the value of their data and create competitive advantage by applying innovation to better manage data, using cutting-edge data technologies and significant experience in the life sciences, healthcare and financial services industries.
“We are in the midst of a data revolution, powered by new technologies. Enterprises are using data to gain deep insights into all aspects of their businesses and customers, and build a strong competitive advantage to gain market share,” said Bhaskar Ghosh, group chief executive, Accenture Technology Services. “With the acquisition of Knowledgent, we can accelerate our data services to clients, using Knowledgent’s top-notch talent, industry experience and proven data solutions.”
“With increasing volume and availability, data is now feeding the world. Joining Accenture will allow us to continue our strategy of innovating in and through data for our clients,” said Shail Jain, CEO, Knowledgent. “Our combined capabilities will help create more comprehensive, end-to-end data management solutions – from data strategy, architecture, and system integration to managed services– turning data into value at every step.”
“We are taking our data services to the next level, helping clients tap into the ‘right’ data to build a foundation for digital transformation,” said Annette Rippert, senior managing director for Accenture Technology in North America. “Knowledgent’s talent, experience and solutions complement our existing capabilities to solve business problems by rapidly turning data into actionable insights that drive smart decisions for our clients in North America and beyond.”
Completion of the acquisition is subject to customary closing conditions. Terms of the transaction were not disclosed.
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 469,000 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
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: Accenture and Knowledgent will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture;
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