[March 21, 2017] |
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Accenture Completes Acquisition of OCTO Technology, Expands Digital Services Offering in France
Accenture (News - Alert) (NYSE: ACN) has completed its acquisition of OCTO Technology,
a technology consultancy specializing in digital transformation services
and software development. OCTO has become part of Accenture
Digital, expanding Accenture's digital services offering in France.
"We thank OCTO's leadership and employees for supporting this
acquisition. It shows the confidence they have in this initiative, which
enables us to build a unique end-to-end digital transformation service
offering in the French market," said Christian Nibourel, country
managing director for Accenture in France and Benelux. "Our clients now
have access to an expanded range of digital skills and industry
experience, which, combined with our ability to quickly scale solutions,
are unmatched in the market."
"OCTO brings deep technology expertise, particularly in data science and
mobile applications, and a strong culture of successful innovation,
which we will leverage to create digital solutions tailored to each of
our clients, and which can be quickly scaled," said Pascal Delorme (News - Alert),
Accenture Digital lead, France and Benelux. "Companies and organizations
have different requirements in terms of digital transformation,
depending on where they are on their journey. The addition of OCTO to
Accenture Digital's existing capabilities allows us to provide solutions
that match all these needs - whether it is to help clients identify,
test and adopt new business models based on emerging technologies, or to
quickly implement at scale more mature digital technologies."
François Hisquin, CEO and founder of OCTO said: "I am very pleased for
OCTO to join Accenture, as we share the same vision, understanding of
digital transformation issues and culture of excellence. OCTO has become
a real jewel in the French technology service market thanks to its
unique identity, agility, methodologies and innovative management, as
well as its strong corporate culture. It's this DNA and the drive to
imagine the future and change the rules that caught Accenture's
attention. We will preserve and share this so that clients can take
advantage of the synergies which allow us to see further, bigger and
faster."
Accenture has acquired a 100 percent shareholding in OCTO through a cash
tender offer, which was supported unanimously by the supervisory board
of OCTO. Following the purchase of the total shareholding, OCTO has been
delisted from the Alternext stock exchange in Paris.
About Accenture
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 more than 394,000 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.
Accenture Digital, comprised of Accenture
Analytics, Accenture
Interactive and Accenture
Mobility, offers a comprehensive portfolio of business and
technology services across digital marketing, mobility and analytics.
From developing digital strategies to implementing digital technologies
and running digital processes on their behalf, Accenture Digital helps
clients leverage connected and mobile devices; extract insights from
data using analytics; and enrich end-customer experiences and
interactions, delivering tangible results from the virtual world and
driving growth. To learn more about Accenture Digital, follow us @AccentureDigi
and visit www.accenture.com/digital.
About OCTO Technology
OCTO Technology is a technology consultancy specializing in digital
transformation and software development operating in five countries:
France (headquarter), Morocco, Switzerland, Brazil and Australia. OCTO
has nearly 380 employees with specialized digital technology skills,
including Big Data and analytics, user experience design, and mobile
services delivery. Awarded the Great Place to Work® award (companies
under 500 employees) for each of its four participations, OCTO also runs
the successful 'Unexpected Sources of Inspiration'
(USI) event each year in Paris where leaders, industry innovators and
technology entrepreneurs exchange ideas, draw inspiration and discuss
the digital transformations in our societies.
Forward-Looking Statements
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: the transaction might not
achieve the anticipated benefits for Accenture; Accenture's results of
operations could be adversely affected by volatile, negative or
uncertain economic conditions and the effects of these conditions on the
company's clients' businesses and levels of business activity;
Accenture's business depends on generating and maintaining ongoing,
profitable client demand for the company's services and solutions
including through the adaptation and expansion of its services and
solutions in response to ongoing changes in technology and offerings,
and a significant reduction in such demand or an inability to respond to
the changing technological environment could materially affect the
company's results of operations; if Accenture is unable to keep its
supply of skills and resources in balance with client demand around the
world and attract and retain professionals with strong leadership
skills, the company's business, the utilization rate of the company's
professionals and the company's results of operations may be materially
adversely affected; the markets in which Accenture competes are highly
competitive, and Accenture might not be able to compete effectively;
Accenture could have liability or Accenture's reputation could be
damaged if the company fails to protect client and/or company data from
security breaches or cyberattacks; Accenture's profitability could
materially suffer if the company is unable to obtain favorable pricing
for its services and solutions, if the company is unable to remain
competitive, if its cost-management strategies are unsuccessful or if it
experiences delivery inefficiencies; changes in Accenture's level of
taxes, as well as audits, investigations and tax proceedings, or changes
in tax laws or in their interpretation or enforcement, could have a
material adverse effect on the company's effective tax rate, results of
operations, cash flows and financial condition; Accenture's results of
operations could be materially adversely affected by fluctuations in
foreign currency exchange rates; Accenture's business could be
materially adversely affected if the company incurs legal liability;
Accenture's work with government clients exposes the company to
additional risks inherent in the government contracting environment;
Accenture might not be successful at identifying, acquiring, investing
in or integrating businesses, entering into joint ventures or divesting
businesses; Accenture's Global Delivery Network is increasingly
concentrated in India and the Philippines, which may expose it to
operational risks; as a result of Accenture's geographically diverse
operations and its growth strategy to continue geographic expansion, the
company is more susceptible to certain risks; adverse changes to
Accenture's relationships with key alliance partners or in the business
of its key alliance partners could adversely affect the company's
results of operations; Accenture's services or solutions could infringe
upon the intellectual property rights of others or the company might
lose its ability to utilize the intellectual property of others; if
Accenture is unable to protect its intellectual property rights from
unauthorized use or infringement by third parties, its business could be
adversely affected; Accenture's ability to attract and retain business
and employees may depend on its reputation in the marketplace; if
Accenture is unable to manage the organizational challenges associated
with its size, the company might be unable to achieve its business
objectives; any changes to the estimates and assumptions that Accenture
makes in connection with the preparation of its consolidated financial
statements could adversely affect its financial results; many of
Accenture's contracts include payments that link some of its fees to the
attainment of performance or business targets and/or require the company
to meet specific service levels, which could increase the variability of
the company's revenues and impact its margins; Accenture's results of
operations and share price could be adversely affected if it is unable
to maintain effective internal controls; Accenture may be subject to
criticism and negative publicity related to its incorporation in
Ireland; as well as the risks, uncertainties and other factors discussed
under the "Risk Factors" heading in Accenture plc's most recent annual
report on Form 10-K and other documents filed with or furnished to the
Securities and Exchange Commission. Statements in this news release
speak only as of the date they were made, and Accenture undertakes no
duty to update any forward-looking statements made in this news release
or to conform such statements to actual results or changes in
Accenture's expectations.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170321005232/en/
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