- Expanded capabilities will help clients
power machine learning solutions, unlock new intelligence from
unstructured data.
- Nearly 200 big data engineers and
search experts to join Accenture Analytics
Accenture (NYSE: ACN) has acquired Search Technologies, a
Herndon, Virginia-based technology services firm specializing in
the design, implementation and management of big data and search
analytics. Search Technologies delivers enhanced content analytics
capabilities that help clients better understand their business,
customers and markets through the combination of transactional and
contextual data. By applying artificial intelligence (AI)
technologies like machine learning to this type of client data,
Accenture can help generate new, more precise insights that drive
improved business outcomes. Terms of the transaction were not
disclosed.
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Search Technologies is now part of
Accenture Analytics, coming together to build more intelligent
businesses (Photo: Business Wire)
Search Technologies joins the existing community of data
scientists and engineers within Accenture Analytics and will
focus on developing and industrializing solutions that make
unstructured content – from social media to video to voice and
audio – easily searchable to support data discovery, analytics and
large-scale reporting. Search Technologies employs nearly 200 big
data engineers and search experts from locations across the United
States, Costa Rica, Europe and the Philippines.
“With the addition of Search Technologies’ capabilities, we are
in an even stronger position to help organizations take advantage
of their data, regardless of format, to generate more precise and
actionable insights,” said Narendra Mulani, chief analytics
officer, Accenture Analytics. “By better understanding the context
and sentiment behind transactions, organizations can deliver better
customer experiences and business outcomes. Combining Search
Technologies’ data engineering expertise with Accenture’s data
science, analytics and AI capabilities enhances our ability to help
clients become data-native, intelligent enterprises, transforming
the way they innovate, compete and grow.”
Search Technologies’ proprietary Content Processing
Framework and collection of API-level data connectors – which
enable access to unstructured enterprise data across disparate and
legacy systems – will be integrated into the Accenture
Insights Platform (AIP). This will help clients embed
analytics and AI into their business to generate new intelligence
at speed and scale.
Kamran Khan, president and CEO of Search Technologies, will lead
a new Content Analytics team within Accenture Analytics. Khan
commented: “Both search and big data analytics require a deep
understanding of the nature of structured and unstructured content,
and the know-how to extract knowledge and business value from the
data. We have done this successfully for over 800 customers in
industries including e-commerce, publishing, media, financial
services, professional staffing and manufacturing. Search
Technologies’ vision is very closely aligned with Accenture’s, and
this acquisition will help us play a major role in building the
future of big data, enterprise search and AI as we integrate our
capabilities onto AIP and leverage the scale of Accenture to
globalize our offerings.”
As part of the acquisition, a new delivery center will be
established in Costa Rica for the 70+ Search Technologies big data
engineers based there. Specializing in customer and content
analytics, the team will work closely with the Accenture
Interactive digital content production and marketing services team
to offer clients complementary services and holistic content
offerings, as they seek to deal with the explosion of content
across multiple channels. The new location will become part of the
Accenture Global Delivery Network.
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 411,000
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 Analytics, part of Accenture Digital, helps clients
harness the power of new data, data science and technology to
unlock value and drive transformation. Recognized as a leader by
industry analysts, the company helps clients embed analytics into
the fabric of their business to create new intelligence using AI,
Machine Learning, proprietary algorithms and app-based solutions,
all powered by the Accenture Insights Platform. We collaborate with
a powerful alliance and delivery network to help clients
operationalize within any market and industry with a focus on speed
to value. Combining expertise across industries, analytics,
technology and design, Accenture is uniquely qualified to drive new
business outcomes with precision, at scale. For more information,
follow us @ISpeakAnalytics and
visit www.accenture.com/analytics.
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.
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AccentureJoanna Vos, + 44 7500
835588joanna.r.vos@accenture.com
Accenture (NYSE:ACN)
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