Accenture Wraps Up SAP Solution, Cloud, Sustainability Company Acquisitions
Accenture has acquired three companies this month, each targeting different markets and bringing different skills to the systems integrator and IT consulting giant. Here’s a look at the companies that Accenture has spent millions to acquire.
Accenture has been on an acquisition spree in recent years. In May alone Accenture has acquired three companies, each focused on different market segments and geographies. Each acquisition typically adds hundreds of new staff to Accenture’s army of 738,000 employees worldwide.
Accenture is currently on a $63.2 billion annual revenue run rate after generating $15.8 billion in sales during its fiscal 2023 second quarter, representing 5 percent growth year over year. The Dublin-based solution provider powerhouse, ranked No. 1 on CRN’s 2023 Solution Provider 500 list, is arguably the biggest channel consolidator on the planet.
Accenture Acquires Green Domus
On Monday, Accenture unveiled its acquisition of Green Domus, a leading Brazilian sustainability consultant that specializes in helping customers design and implement sustainability services with a focus on measurable decarbonization strategies.
Founded in 2005, Green Domus will add to Accenture’s client solutions of embedding carbon data and insights into decision-making processes through deep knowledge of sustainability frameworks including its Science Based Targets initiative (SBTi), voluntary carbon credits and emerging regulations such as the Carbon Border Adjustment Mechanism (CBAM) that recently launched in the European Union.
“These services will continue to transform industries and build a path forward for unlocking growth and adopting more sustainable business models,” said Matthew Govier, Accenture’s Latin America sustainability services leader in a statement.
Accenture Buys Einr AS And Objectivity
Last week, Accenture acquired Norway-based Einr AS in a move to enhance Accenture’s SAP solutions and services capabilities.
Einr AS is a consulting company specializing in high-volume logistics solutions using SAP technologies to optimize the flow of products from manufacturers to consumers.
Earlier this month Accenture completed its acquisition of digital engineering specialist Objectivity, a London-based engineering firm focused on cloud and platform development services to help customers accelerate their transformation for rapid innovation. Objectivity’s experience in platform engineering, cloud-native computing and application modernization looks to boost Accenture’s Cloud First services capabilities to help clients tap into more open platform models and services.
Accenture’s 19,000 Layoffs
Although Accenture is adding thousands of new people to its team via acquisitions, the IT superstar unveiled in March that it will be shedding 19,000 of its employees, approximately 2.5 percent of its global workforce of 738,000.
“While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023, we initiated actions to streamline our operations and transform our non-billable corporate functions to reduce costs,” said Accenture in a filing with the U.S. Securities and Exchange Commission.
“Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5 percent of our current workforce), and we expect over half of these departures will consist of people in our non-billable corporate functions,” Accenture wrote.
It is key to note that Accenture has hired thousands of employees over the past 14 months and acquired more than two-dozen companies.
“Our record bookings reflect the confidence and trust that our clients have in us to create value and help them transform at speed,” said Accenture CEO Julie Sweet during the company’s second quarter financial earnings report in March. “We are also taking steps to lower our costs in fiscal year 2024 and beyond while continuing to invest in our business and our people to capture the significant growth opportunities ahead.”