All The Accenture Acquisitions Of 2023 (So Far)
The Dublin, Ireland-based, which is No. 1 on CRN’s 2022 Solution Provider 500, reported revenues of $15.8 billion, an increase of 5 percent, for its second quarter of 2023.
Although Accenture is performing some “belt tightening” by cutting 1,900 employees, about 2.5 percent of its workforce, the company isn’t tightening up on its acquisitions.
With 12 acquisitions under its belt so far this year — for comparison, there were 10 in the first six months of 2022 — Accenture is not letting economic headwinds deter its acquisitive mindset.
“We still expect next year to grow faster than the market,” Accenture Julie Sweet said during an earnings call in March. “We expect to invest at scale in our business, to deliver 10 to 30 basis point margin expansion on an adjusted basis, to have a disciplined capital allocation including a meaningful return to our shareholders. So that is a commitment. This is an offensive move to say, ‘Yes, today, we’ve got great demand, we’ve got great utilization, and we can take out more structural costs to put us in a better position as we move forward.’”
The Dublin, Ireland-based solution provider giant, No. 1 on CRN’s 2022 Solution Provider 500, reported revenues of $15.8 billion, an increase of 5 percent, for its second quarter of 2023 in U.S. dollars and 9 percent in local currency over the same period last year. New bookings were recorded at $22.1 billion, with consulting bookings of $10.7 billion and managed services bookings of $11.4 billion.
“Our strong financial results this quarter again demonstrate that our ability to bring together industry, functional and technology expertise as well as managed services continues to differentiate us with our clients,” Sweet said during the call. “Our record bookings reflect the confidence and trust that our clients have in us to create value and help them transform at speed. 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.”
Its Q3 earnings will be held on June 22. CRN reached out to Accenture for comment.
Here are the 12 companies Accenture acquired so far this year from least to most recent. Terms of the deals were not disclosed.
Inspirage is a Bellevue, Wash.-based integrated Oracle Cloud specialist firm with an emphasis in supply chain management. The acquisition further enhances Accenture’s Oracle Cloud capabilities by helping accelerate innovation for its customers through emerging technologies such as touchless supply chain and digital twins.
More than 730 Inspirage employees came along in the acquisition, announced in January, further bolstering its Oracle supply chain skills and expanding its capabilities to help product-centric clients create interconnected, intelligent and innovative supply chain networks.
SKS Group, a consulting firm that helps banks across Germany, Austria and Switzerland modernize their technology infrastructure, was acquired by Accenture in January. About 500 employees came over in the deal.
The acquisition expands Accenture’s technology, consulting and regulatory services while bolstering its ability to serve specialized banks that provide financial and development assistance to local businesses and communities.
Bionest is headquartered in New York, with an office in Paris, and was acquired in February. The company is a strategy and consulting firm focused on addressing complex strategic decisions for biopharma organizations. It was acquired by Accenture in February and brought 46 employees to its new company.
Bionest’s focus on go-to-market strategy in life sciences broadens and deepens Accenture’s capabilities.
Fortaleza, Brazil-based Morphus is a cyber defense, risk management and cyber threat intelligence services provider and was acquired in February. Morphus’ end-to-end portfolio includes governance, risk and compliance services, enterprise risk management, cyber strategy, threat intelligence and managed security services.
The acquisition spearheaded Accenture’s launch of a cyber industry practice in Latin America. New offerings also expand Accenture’s position in growth markets in Morphus’ primary industry groups such as communications media and technology, financial services, energy, retail and aviation.
Optimind is a Paris-based independent consulting firm that provides advisory services and solutions to help insurance firms, banks and large corporate clients with transformation and regulation. The firm was acquired in March.
The firm brought more than 350 employees over in the acquisition. Over the last 20 years, it has built service offerings that cover the spectrum of the risk management value chain from strategy to finance to compliance.
Bangalore, India-based Flutura will strengthen Accenture’s industrial AI services to increase the performance of plants, refineries and supply chains and enable clients to accomplish net zero goals faster. Announced in March, Accenture plans to bring Flutura’s expertise to energy, chemicals, metals, mining and pharmaceutical clients.
About 110 employees came over in the deal who specialize in industrial data science services for manufacturers and other asset-intensive companies. The solutions help process, asset management and reliability engineering teams assess as well as predict and improve the asset performance and reliability.
Oslo, Norway-based Einr AS is a business consulting first that specializes in high volume logistics solutions using SAP technologies. The acquisition will bolster Accenture’s SAP capabilities and help accelerate supply chain reinvention for organizations in retail and consumer electronics industries.
More than 40 employees came over in the acquisition, which was announced in March, who have expert knowledge in retail and supply chain management, transportation management, warehouse management and assortment planning.
Coventry, U.K.-based Objectivity is a digital engineering firm that specializes in cloud and platform development services that help clients accelerate their transformation journey for rapid innovation.
With operations in the U.K., Poland, Germany and Mauritius, Objectivity’s experience in platform engineering, cloud native computing and application modernization will further Accenture’s cloud-first capabilities to help clients explore open and adaptable platform models and services.
Sao Paulo, Brazil-based Green Domus is a consulting firm which helps clients design and implement a host of sustainability services with a focus on measurable decarbonization strategies. Green Domus joined Accenture to further enhance its Sustainability Services team.
The company will bring clients solutions that embed carbon data and insights into their decision-making. The deal was announced in May but closed earlier in June.
Melbourne, Australia-based Bourne Digital, is a digital design agency with a focus on the SAP ecosystem, was acquired in June.
Specializing in the SAP Business Technology Platform, the firm creates experience-driven applications, streamlining workflows and introducing automation. It will compliment Accenture’s SAP offerings in the market, particularly around consumer goods, financial services, resources, health and travel.
New York and Austin, Texas-based Nextira is an AWS premier partner that uses AWS to deliver cloud-native innovation and predictive analytics. The company’s services will enhance Accenture Cloud First’s engineering capabilities and help clients take advantage of a full continuum of cloud capabilities and tools.
About 70 Nextira employees joined the Accenture AWS Business Group which is a team of more than 20,000 certified professionals. The company was acquired in June.
Accenture said it would acquire Santa Ana, Calif.-based Anser Advisory in June to help its clients complete large, long-term infrastructure projects more efficiently. The acquisition will expand Accenture’s capital project capabilities as Anser brings an array of strategy expertise to owners’ engineering, procurement and construction providers on the ground.
Anser was founded in 1996 and has about 1,200 employees across the U.S. Accenture will bring on about 920 employees working on private sector and state and local public projects. The remaining 280 employees working with Markon Solutions, an Anser Advisory subsidiary working with U.S. federal clients, will be retained by Sterling Investment Partners and Markon Solutions management.