New York; April 3, 2015 – Accenture (NYSE: ACN) has acquired Axia Limited, a U.S.-based strategy consulting services provider. The acquisition bolsters the capabilities of Accenture Strategy to help clients improve their competitiveness by delivering growth through strategic cost management and organizational agility. Terms of the acquisition were not disclosed.
Axia specializes in providing cross-functional strategies and implementation support that help companies become more competitive by addressing their growth and cost challenges concurrently. The company has broad experience in a range of areas including growth, go-to-market models, operational excellence, performance management and M&A strategies. Axia has established a significant client base in the life sciences, healthcare and consumer goods sectors, and as part of Accenture Strategy, its expertise will be scaled over time and offered to a broader range of industry sectors globally.
“Accenture Strategy is enjoying strong momentum and the acquisition of Axia expands our presence in the strategy consulting market,” said Mark Knickrehm, group chief executive, Accenture Strategy. “The combination of Axia’s capabilities in improving competitiveness and the strengths of Accenture Strategy in enterprise-wide transformation will reinforce our relevance to clients and allow us to seize a greater share of that growing market.”
“Axia’s reputation for creating customized and actionable strategies and supporting clients through successful implementations complements the leadership position of Accenture Strategy in shaping and executing large-scale change,” said Bill Theofilou, CEO and founder of Axia. “Pursuing growth and achieving greater operational efficiency are two sides of the same coin, and as part of Accenture Strategy, we will be able to use our strengths in addressing the competitiveness agenda to benefit a wider spectrum of organizations.”
Axia was founded in 1999 and is based in Boston, Massachusetts.
Accenture is a global management consulting, technology services and outsourcing company, with more than 323,000 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$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Strategy operates at the intersection of business and technology. We bring together our capabilities in business, technology, operations and function strategy to help our clients envision and execute industry-specific strategies that support enterprise wide transformation. Our focus on issues related to digital disruption, competitiveness, global operating models, talent and leadership help drive both efficiencies and growth. For more information, follow @AccentureStrat or visit www.accenture.com/strategy
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