Accenture acquires Solvera Sol – GuruFocus.com

Accenture (NYSE: ACN) has acquired Solvera Solutions, a Regina-based company that delivers platform-led digital transformation services across Western Canada. Financial terms of the transaction were not disclosed.

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Accenture has acquired Solvera Solutions, a Regina-based company that delivers platform-led digital transformation services across Western Canada. (Graphic: Business Wire)

Founded in 2005, Solvera Solutions has a team of more than 450 professionals with deep consulting and managed service capabilities on ServiceNow, Microsoft and SAP platforms. Solvera Solutions serves clients in the public sector, health, financial services, utilities and energy, and agriculture industries, and will be a catalyst for Accenture’s continued growth in British Columbia, Alberta, Saskatchewan, and Manitoba.

“The addition of Solvera Solutions’ digital transformation capabilities with ServiceNow, Microsoft and SAP, along with their local market and industry expertise, means we are better positioned to support our clients across Western Canada,” said by Jeffrey Russell, president of Accenture in Canada. “Clients across industries will benefit as we help them take advantage of cloud and enhanced service delivery capabilities to transform their customer service and operations, ultimately driving greater business value from their investments in leading platform technologies.”

Solvera Solutions brings extensive experience with the ServiceNow platform; extends Accenture’s existing offerings with Microsoft Modern Workplace and Microsoft Power Platform; and enhances capabilities and resources in SAP S/4HANA.

Robert Vokes, managing director and financial services lead for Accenture in Canada added, “Solvera Solutions is a highly respected and high-performing digital transformation specialist with a talented team dedicated to the communities it serves, which making it a great addition to Accenture. Solvera Solutions expands our presence across the West, driving value and growth for our platform offerings in this key geographic region.”

Reg Robinson, CEO and co-founder at Solvera Solutions said, “The rate of digital adoption has accelerated in recent years and we are committed to staying at the forefront of service delivery. Joining Accenture allows us to offer clients a broader range of resources and expertise through Accenture’s network of professionals across Canada and around the world, while providing our people with many new career growth opportunities.

Solvera Solutions is Accenture Canada’s sixth acquisition since 2020, joining the recent additions of XtremeEDA, Gevity, Cloudworks, Avenai and Callisto+Integration.

About Accenture

Accenture is a global professional services company with leading digital, cloud and security capabilities. Combining unmatched experience and specialized skills in more than 40 industries, we offer Strategy and Consulting, Technology and Operations and Accenture Song services — all powered by the largest network of Advanced Technology and Intelligent Operations centers in the world. Our 710,000 people deliver the promise of technology and human intelligence every day, serving clients in more than 120 countries. We embrace the power of innovation to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.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,” ” is,” “should,” “likely,” “anticipates,” “anticipates,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and Similar expressions are used to refer to these forward-looking statements. . These statements involve certain risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, the risks that: the transaction may not achieve the expected benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions, including Russia’s invasion of Ukraine, related sanctions and other measures that have been imposed and continue to be imposed in response to this conflict, as well as the current inflationary environment, and the effects of these conditions on the businesses of the company’s clients and levels of business activity; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; Accenture’s business depends on developing and maintaining ongoing, profitable client demand for the company’s services and solutions including by adapting and expanding its services and solutions in response to ongoing changes in technology and offerings. , and a significant reduction in such demand or inability to respond to the evolving technological environment could adversely affect the company’s results of operations; if Accenture is unable to match people and skills to client needs worldwide and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the the company’s results of operations may be materially affected; the COVID-19 pandemic has affected Accenture’s business and operations, and the extent to which this will continue and its impact on the company’s future financial results is uncertain; the markets in which Accenture operates are highly competitive, and Accenture may not be able to compete effectively; 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 be proactive and establish new alliances in new technologies, the company’s results of operations may be adversely affected; Accenture’s profitability may suffer if the company cannot obtain favorable pricing for its services and solutions, if the company cannot remain competitive, if its cost management strategies are unsuccessful or if it experiences of delivery inefficiencies or failure to meet certain agreed-upon targets or specific service levels; Changes in Accenture’s tax rate, as well as tax audits, investigations and proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the effective the company’s tax rate, results of operations, cash flows and finances. conditions; Accenture’s results of operations may be significantly affected by changes in foreign currency exchange rates; changes in accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could affect its financial results; Accenture may not be able to access additional capital on favorable terms or at all and if the company raises equity capital, this may dilute its shareholders’ ownership interest in the company; as a result of Accenture’s 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; if Accenture is unable to manage the organizational challenges associated with its size, the company may not achieve its business objectives; Accenture may not be successful in acquiring, investing in or merging businesses, entering into joint ventures or divesting businesses; Accenture’s business could be significantly affected if the company incurs legal liability; Accenture’s global operations expose the company to multiple and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe the intellectual property rights of others or the company loses the ability to use the intellectual that is the property of another, may adversely affect its business; Accenture’s results of operations and share price may be adversely affected if it fails to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its Irish integration; as well as the risks, uncertainties and other factors discussed under “Risk Factors” in the title of Accenture plc’s most recent Annual Report on Form 10-K and other documents filed or furnished with the Securities and Exchange Commission. The statements in this news release speak only as of the date they are made, and Accenture undertakes no duty to update any forward-looking statements made in this release or to adjust such statements. on actual results or changes in Accenture’s expectations.

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20220725005657/en/

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