Accenture also participates in SOASTA’s latest
round of funding
Accenture (NYSE:ACN) and SOASTA, a leader in performance
analytics, are forming an alliance to provide faster and more
reliable digital performance management solutions to clients. In
addition, Accenture has made a minority investment in SOASTA. Terms
of Accenture’s investment were not disclosed.
Combining Accenture’s global testing and performance engineering
capabilities with SOASTA’s advanced performance management and
analytics tools will allow clients to increase end-to-end
performance of their web sites and mobile applications while
delivering exceptional customer experiences. This ability to
monitor customer experience in real time can help predict and solve
performance problems from virtually any location and on any device
around the world. This approach can provide significant business
visibility and drive revenue impact, such as in online retail where
even momentary latency can result in significant drops in page
views, shopping cart abandonment and ultimately sales
conversion.
“The speed of digital and mobile is a game-changer, leading
businesses to embrace agile, high velocity application
development,” said Paul Daugherty, chief technology officer,
Accenture. “The accelerated pace of development is driving a
greater need for high quality, reliable performance testing and
validation in real-time production environments. Through agreements
with pioneering companies like SOASTA, we are effectively
strengthening our ability to offer on-demand performance
engineering and testing as-a-service, along with advanced
diagnostics, service virtualization and analytics as we help our
clients transform rapidly into digital enterprises.“
As part of the alliance, Accenture will draw on its extensive
experience with enterprise clients to advise SOASTA on their
product roadmaps. Accenture will also become a reseller for SOASTA
products and will provide solution development support.
“In the hyper-competitive online marketplace where performance
is critical and milliseconds can equal millions, providing a better
customer experience is the only way to win,” said Tom Lounibos, CEO
and Co-Founder, SOASTA. “We’re thrilled to have established an
investment and alliance agreement with Accenture, enabling us to
provide even more business value to our joint clients by offering
actionable intelligence that can help them quickly understand
what’s working, what isn’t and what to do next.”
“Businesses are increasingly dependent on software and,
therefore, on software performance,” said Kishore Durg, managing
director and global testing lead for Accenture. “Our alliance with
SOASTA provides a step-change improvement in our performance
diagnostic and monitoring capabilities, which are critical for
today’s digital business. SOASTA is one example of how
Accenture is advancing performance engineering and testing by
incorporating the latest analytics tools and intelligent automation
into our service delivery.”
Founded in 2006, SOASTA provides a cloud-based platform for
monitoring, testing and optimizing the performance and function of
web and mobile applications at scale. It also provides services
that test the user interface and internal behavior of applications,
as well as services that give administrators a visual view into how
applications are performing. SOASTA was named a leader for load and
performance testing in the 2014 Gartner Magic Quadrant for
Integrated Software Quality Suites.
About Accenture
Accenture is a global management consulting, technology services
and outsourcing company, with more than 336,000 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.
About SOASTA
SOASTA is the leader in performance analytics. The SOASTA
platform enables digital business owners to gain unprecedented and
continuous performance insights into their real user experience on
mobile and web devices in real time and at scale. With more than 3
billion user experiences monitored, measured, tested and optimized
every week, SOASTA is the digital performance expert trusted by
industry‐leading brands, including 39 of the Top 100 Internet
Retailers, such as Target, Nordstrom, Staples, Sears, Walmart,
Etsy, Nike, Best Buy, Adobe, Intuit, Microsoft, DirectTV, Netflix
and BBC. SOASTA is privately held and headquartered in Mountain
View, Calif. For more information about SOASTA, visit
http://www.soasta.com.
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 alliance and
investment might not achieve the anticipated benefits for the
company; the company’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; the company’s business
depends on generating and maintaining ongoing, profitable client
demand for the company’s services and solutions, and a significant
reduction in such demand could materially affect the company’s
results of operations; if the company 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 the company
competes are highly competitive, and the company might not be able
to compete effectively; the company could have liability or the
company’s reputation could be damaged if the company fails to
protect client and/or company data or information systems as
obligated by law or contract or if the company’s information
systems are breached; the company’s results of operations and
ability to grow could be materially negatively affected if the
company cannot adapt and expand its services and solutions in
response to ongoing changes in technology and offerings by new
entrants; the company’s results of operations could materially
suffer if the company is not able to obtain sufficient pricing to
enable it to meet its profitability expectations; if the company
does not accurately anticipate the cost, risk and complexity of
performing its work or if the third parties upon whom it relies do
not meet their commitments, then the company’s contracts could have
delivery inefficiencies and be less profitable than expected or
unprofitable; the company’s results of operations could be
materially adversely affected by fluctuations in foreign currency
exchange rates; the company’s profitability could suffer if its
cost-management strategies are unsuccessful, and the company may
not be able to improve its profitability through improvements to
cost-management to the degree it has done in the past; the
company’s business could be materially adversely affected if the
company incurs legal liability; the company’s work with government
clients exposes the company to additional risks inherent in the
government contracting environment; the company might not be
successful at identifying, acquiring or integrating businesses or
entering into joint ventures; the company’s Global Delivery Network
is increasingly concentrated in India and the Philippines, which
may expose it to operational risks; changes in the company’s level
of taxes, as well as audits, investigations and tax proceedings, or
changes in the company’s treatment as an Irish company, could have
a material adverse effect on the company’s results of operations
and financial condition; as a result of the company’s
geographically diverse operations and its growth strategy to
continue geographic expansion, the company is more susceptible to
certain risks; adverse changes to the company’s relationships with
key alliance partners or in the business of its key alliance
partners could adversely affect the company’s results of
operations; the company’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
the company is unable to protect its intellectual property rights
from unauthorized use or infringement by third parties, its
business could be adversely affected; the company’s ability to
attract and retain business and employees may depend on its
reputation in the marketplace; many of the company’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; if the company is
unable to collect its receivables or unbilled services, the
company’s results of operations, financial condition and cash flows
could be adversely affected; if the company is unable to manage the
organizational challenges associated with its size, the company
might be unable to achieve its business objectives; the company’s
share price and results of operations could fluctuate and be
difficult to predict; the company’s results of operations and share
price could be adversely affected if it is unable to maintain
effective internal controls; any changes to the estimates and
assumptions that the company makes in connection with the
preparation of its consolidated financial statements could
adversely affect its financial results; the company 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/20150902005457/en/
AccenturePeter Y. Soh, +
1-703-947-2571peter.y.soh@accenture.comorSOASTA, Inc.Gaby
Perez-Silva, + 1-650-390-6700gaby@soasta.com
Accenture (NYSE:ACN)
Historical Stock Chart
From Feb 2024 to Mar 2024
Accenture (NYSE:ACN)
Historical Stock Chart
From Mar 2023 to Mar 2024