Acquisition will enhance Accenture’s services
to government and health clients in Australia
Accenture (NYSE: ACN) has acquired Apis Group, a privately held
Australian consultancy with deep industry expertise providing
strategic advisory, digital design and delivery services to
government organisations. This acquisition will bring additional
capacity and further strengthen Accenture’s services to government
and health clients in Australia.
Headquartered in Canberra, Apis Group was founded in 1999 and
employs more than 120 professionals. The firm works with some of
Australia’s largest federal public service organisations, providing
strategic advisory services, project management, business and
digital design services. The diverse team has extensive experience
working on service delivery reform initiatives, including social
services, health, aged care, education, employment and environment
sectors, with a track record of helping government shape and
deliver major transformation programs.
“Apis Group’s extensive experience working with public service
organisations complements Accenture’s established credentials
across government,” said Louise May, who leads Accenture’s Health
& Public Service practice in Australia and New Zealand. “Apis
Group’s talented team of professionals brings in-demand industry
expertise and consulting skills that align with our offerings to
government clients. This acquisition will bolster our position as
partner of choice for government and health organisations, who will
benefit from the deep specialist expertise of Apis combined with
Accenture’s world-class digital transformation capabilities.”
“The opportunity to become part of Accenture presents new
potential and great possibilities for our business, our clients and
our people,” said Anthony Honeyman, Chairman and a partner at Apis
Group. “We are particularly excited about the opportunity to
leverage Accenture’s deep digital and analytics capabilities. By
combining our skills, expertise and client relationships, we can
enhance our offerings to government clients including deploying
digital services that deliver enhanced experience to citizens in
their dealings with government.”
Bob Easton, chairman of Accenture in Australia and New Zealand,
said, “The acquisition of Apis Group is the latest demonstration of
our continued investment in Australia and our commitment to growing
our capabilities in areas where we have ongoing client demand and
new opportunities.”
This transaction follows other acquisitions by Accenture in
Australia over the past year, including those of cybersecurity and
technology company BCT Solutions in June
2019; big data and analytics company Analytics8 in August
2019, and PrimeQ, an Oracle software-as-a-service cloud
implementation service provider, in December 2018.
In its 2019 fiscal year, Accenture invested nearly US$1.2
billion globally on 33 acquisitions to acquire critical skills and
capabilities in strategic, high-growth areas of the market.
Terms of the transaction are not being disclosed.
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 specialised 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 492,000 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.
About Apis Group
Apis Group is an established Canberra-based Australian
consulting firm with deep industry expertise providing advisory,
design and delivery, and digital services to government. Employing
experienced and highly qualified designers, change management
specialists, business and systems analysts, and project managers,
Apis Group has built a proven reputation for shaping and delivering
major business transformation programs over the last 20 years.
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: Accenture and Apis Group
will not be able to close the transaction in the time period
anticipated, or at all, which is dependent on the parties’ ability
to satisfy certain closing conditions; 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 and political 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 utilisation rate of the company’s
professionals and the company’s results of operations may be
materially adversely affected; Accenture could face legal,
reputational and financial risks if the company fails to protect
client and/or company data from security breaches or cyberattacks;
the markets in which Accenture operates are highly competitive, and
Accenture might not be able to compete effectively; 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 profitability could materially
suffer if the company is unable to obtain favourable 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; Accenture’s results of
operations could be materially adversely affected by fluctuations
in foreign currency exchange rates; as a result of Accenture’s
geographically diverse operations and its growth strategy to
continue to expand in its key markets around the world, the company
is more susceptible to certain risks; 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; if Accenture is unable to manage the organisational
challenges associated with its size, the company might be unable to
achieve its business objectives; Accenture’s ability to attract and
retain business and employees may depend on its reputation in the
marketplace; if Accenture does not successfully manage and develop
its relationships with key alliance partners or fails to anticipate
and establish new alliances in new technologies, the company’s
results of operations could be adversely affected; Accenture might
not be successful at acquiring, investing in or integrating
businesses, entering into joint ventures or divesting businesses;
if Accenture is unable to protect its intellectual property rights
or if Accenture’s services or solutions infringe upon the
intellectual property rights of others or the company loses its
ability to utilize the intellectual property of others, its
business could be adversely affected; Accenture’s results of
operations and share price could be adversely affected if it is
unable to maintain effective internal controls; changes to
accounting standards or in the estimates and assumptions Accenture
makes in connection with the preparation of its consolidated
financial statements could adversely affect its financial results;
many of Accenture’s contracts include fees subject to the
attainment of targets or specific service levels, which could
increase the variability of the company’s revenues and impact its
margins; Accenture might be unable to access additional capital on
favorable terms or at all and if the company raises equity capital,
it may dilute its shareholders’ ownership interest in the company;
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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version on businesswire.com: https://www.businesswire.com/news/home/20191201005206/en/
Sinéad Moore Accenture Australia +61 419 468 985
sinead.moore@accenture.com
Joe Doyle Accenture Health & Public Service +353 87 2507583
joe.x.doyle@accenture.com
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