Accenture Expands Technique Capabilities with Acquisition of The Beacon Group
NEW YORK; Sept. 8, 2022 – Accenture (NYSE: ACN) has acquired The Beacon Group, a progress technique consultancy agency serving Fortune 500 firms throughout expertise, aerospace, industrial, healthcare and life sciences industries. Phrases of the transaction weren’t disclosed.
Beacon’s group of greater than 60 consultants in progress technique, market modeling and mergers and acquisitions (M&A) advisory, will be a part of Accenture Technique. The acquisition deepens Accenture’s capabilities that assist C-suite leaders make fact-based choices for concentrating on, segmentation and routes to progress; pushed by market insights and scalable options to execute enterprise transformations at scale.
“At this time’s disruptive market setting is essentially difficult firms and altering the way in which they function. Enterprise leaders should have the ability to perceive, and shortly act on, new or present pathways that may drive profitability,” stated Chris Roark, North America lead of Accenture Technique. “The addition of Beacon’s senior expertise, progress framework and market modeling platform will develop our capabilities that assist our purchasers see round disruptive corners, embrace change and form their enterprise methods to ship and maintain worth to all stakeholders.”
Based in 2001 with headquarters in Portland, Maine, Beacon’s differentiated method pairs rigorous modeling methodologies with tailor-made market perception and technique consulting to drive actionable progress methods for its purchasers. Targeted on new progress initiatives, Beacon helps the world’s largest firms introduce new providers, merchandise, applied sciences and enterprise fashions.
Along with its basic progress technique advisory work, Beacon’s market modeling apply offers purchasers elevated transparency as they work by bespoke forecasting of present and potential markets served. The corporate’s scalable platform leverages information and insights throughout 400 market segments, 16 geographies and 15 vertical markets to construct customized forecast market fashions which can be interactive.
Beacon additionally brings M&A advisory capabilities that provide focused help for company and personal fairness purchasers by constructing strategic acquisition highway maps, figuring out and vetting actionable goal candidates, and offering speedy goal and market due diligence. The acquisition additional bolsters Accenture’s M&A Consulting Providers that assist purchasers create worth by inorganic progress methods.
Cliff Farrah, Beacon President and CEO, and writer of Rising the High Line, added, “Now we have spent the final 20 years evolving our providers by assorted financial cycles to mirror the expansion technique wants of our purchasers. Now, we look ahead to bringing one of the best of our experience to Accenture Technique and providing purchasers deep business data, and a full suite of progress technique capabilities that allow 360° worth creation.”
Accenture is a world skilled providers firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised expertise throughout greater than 40 industries, we provide Technique and Consulting, Know-how and Operations providers and Accenture Tune — all powered by the world’s largest community of Superior Know-how and Clever Operations facilities. Our 710,000 individuals ship on the promise of expertise and human ingenuity every single day, serving purchasers in additional than 120 international locations. We embrace the ability of change to create worth and shared success for our purchasers, individuals, shareholders, companions and communities. Go to us at accenture.com.
Aside from the historic data and discussions contained herein, statements on this information launch might represent forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995. Phrases corresponding to “might,” “will,” “ought to,” “probably,” “anticipates,” “expects,” “intends,” “plans,” “initiatives,” “believes,” “estimates,” “positioned,” “outlook” and related expressions are used to determine these forward-looking statements. These statements contain a variety of dangers, uncertainties and different components that would trigger precise outcomes to vary materially from these expressed or implied. These dangers embody, with out limitation, dangers that: the transaction may not obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and will sooner or later be, adversely affected by unstable, unfavourable or unsure financial and political circumstances, together with the invasion of Ukraine by Russia, the associated sanctions and different measures which were and proceed to be imposed in response to this battle, in addition to the present inflationary setting, and the consequences of those circumstances on the corporate’s purchasers’ companies and ranges of enterprise exercise; Accenture faces authorized, reputational and monetary dangers from any failure to guard consumer and/or firm information from safety incidents or cyberattacks; Accenture’s enterprise will depend on producing and sustaining ongoing, worthwhile consumer demand for the corporate’s providers and options together with by the variation and enlargement of its providers and options in response to ongoing adjustments in expertise and choices, and a big discount in such demand or an lack of ability to answer the evolving technological setting may materially have an effect on the corporate’s outcomes of operations; if Accenture is unable to match individuals and expertise with consumer demand world wide and entice and retain professionals with robust management expertise, the corporate’s enterprise, the utilization charge of the corporate’s professionals and the corporate’s outcomes of operations could also be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s enterprise and operations, and the extent to which it is going to proceed to take action and its impression on the corporate’s future monetary outcomes are unsure; the markets wherein Accenture operates are extremely aggressive, and Accenture may not have the ability to compete successfully; Accenture’s means to draw and retain enterprise and staff might rely upon its status within the market; if Accenture doesn’t efficiently handle and develop its relationships with key alliance companions or fails to anticipate and set up new alliances in new applied sciences, the corporate’s outcomes of operations may very well be adversely affected; Accenture’s profitability may materially undergo if the corporate is unable to acquire favorable pricing for its providers and options, if the corporate is unable to stay aggressive, if its cost-management methods are unsuccessful or if it experiences supply inefficiencies or fail to fulfill sure agreed-upon targets or particular service ranges; adjustments in Accenture’s degree of taxes, in addition to audits, investigations and tax proceedings, or adjustments in tax legal guidelines or of their interpretation or enforcement, may have a fabric adversarial impact on the corporate’s efficient tax charge, outcomes of operations, money flows and monetary situation; Accenture’s outcomes of operations may very well be materially adversely affected by fluctuations in overseas forex change charges; adjustments to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements may adversely have an effect on its monetary outcomes; Accenture may be unable to entry extra capital on favorable phrases or in any respect and if the corporate raises fairness capital, it might dilute its shareholders’ possession curiosity within the firm; on account of Accenture’s geographically numerous operations and its progress technique to proceed to develop in its key markets world wide, the corporate is extra inclined to sure dangers; if Accenture is unable to handle the organizational challenges related to its measurement, the corporate may be unable to attain its enterprise goals; Accenture may not achieve success at buying, investing in or integrating companies, coming into into joint ventures or divesting companies; Accenture’s enterprise may very well be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s world operations expose the corporate to quite a few and generally conflicting authorized and regulatory necessities; Accenture’s work with authorities purchasers exposes the corporate to extra dangers inherent within the authorities contracting setting; if Accenture is unable to guard or implement its mental property rights or if Accenture’s providers or options infringe upon the mental property rights of others or the corporate loses its means to make the most of the mental property of others, its enterprise may very well be adversely affected; Accenture’s outcomes of operations and share worth may very well be adversely affected whether it is unable to keep up efficient inner controls; Accenture could also be topic to criticism and unfavourable publicity associated to its incorporation in Eire; in addition to the dangers, uncertainties and different components mentioned beneath the “Threat Components” heading in Accenture plc’s most up-to-date Annual Report on Kind 10-Ok and different paperwork filed with or furnished to the Securities and Trade Fee. Statements on this information launch converse solely as of the date they had been made, and Accenture undertakes no responsibility to replace any forward-looking statements made on this information launch or to evolve such statements to precise outcomes or adjustments in Accenture’s expectations.
# # #
+1 845 661 0952
Copyright © 2022 Accenture. All rights reserved. Accenture and its brand are emblems of Accenture. This content material is offered for normal data functions and isn’t supposed for use instead of session with our skilled advisors. This doc refers to marks owned by third events. All such third-party marks are the property of their respective homeowners. No sponsorship, endorsement or approval of this content material by the homeowners of such marks is meant, expressed or implied.