OTTAWA, Ontario–(Small business WIRE)–Accenture (NYSE: ACN) has accomplished the acquisition of Avenai, an Ottawa-centered supplier of consulting and technological know-how services.
Avenai’s seasoned consulting staff will be bolstered by Accenture’s worldwide achieve in serving to clientele fulfill their broad ambitions. The deal enhances Accenture’s potential to travel the electronic modernization getting location throughout the general public sector in Canada as many departments and businesses embrace modify, fast transfer to the cloud, and enhance expert services for Canadians.
Launched in 2012, Avenai has a powerful standing among governing administration and commercial shoppers in Ottawa and Toronto. The organization supports crucial elements of enterprise transform which include method enhancement, system enhancement, IT-enabled enterprise transformation, and organizational lifestyle transformation.
Conditions of the transaction, which Accenture declared on Oct 7, have been not disclosed.
Accenture is a international expert services firm with major abilities in digital, cloud and protection. Combining unmatched expertise and specialized abilities across a lot more than 40 industries, we offer Strategy and Consulting, Interactive, Technological know-how and Functions services—all run by the world’s largest community of Superior Technologies and Smart Functions centers. Our 506,000 individuals deliver on the promise of technological know-how and human ingenuity each day, serving consumers in much more than 120 nations. We embrace the energy of improve to build worth and shared results for our clientele, persons, shareholders, partners and communities. Go to us at www.accenture.com.
Forward-On the lookout Statements
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These dangers include, without limitation, hazards that: the transaction could possibly not accomplish the predicted gains for Accenture Accenture’s final results of functions have been considerably adversely influenced and could in the long run be materially adversely impacted by the COVID-19 pandemic Accenture’s results of operations have been, and may possibly in the potential be, adversely influenced by risky, destructive or uncertain economic and political conditions and the consequences of these situations on the company’s clients’ companies and amounts of business exercise Accenture’s company is dependent on generating and keeping ongoing, financially rewarding consumer desire for the company’s products and services and options such as by the adaptation and expansion of its products and services and answers in response to ongoing modifications in technology and offerings, and a sizeable reduction in this kind of demand from customers or an lack of ability to react to the evolving technological ecosystem could materially have an affect on the company’s results of operations if Accenture is not able to retain its offer of expertise and means in equilibrium with consumer desire all-around the world and draw in and retain industry experts with powerful management expertise, the company’s business, the utilization level of the company’s professionals and the company’s outcomes of functions may possibly be materially adversely influenced Accenture could confront authorized, reputational and fiscal risks if the firm fails to guard shopper and/or enterprise knowledge from stability incidents or cyberattacks the markets in which Accenture operates are remarkably competitive, and Accenture may well not be equipped to compete efficiently Accenture’s profitability could materially suffer if the company is unable to attain favourable pricing for its expert services and options, if the company is not able to stay competitive, if its price tag-administration procedures are unsuccessful or if it ordeals delivery inefficiencies or fail to fulfill sure agreed-on targets or certain company concentrations variations in Accenture’s degree of taxes, as effectively as audits, investigations and tax proceedings, or variations in tax rules or in their interpretation or enforcement, could have a product adverse effect on the company’s powerful tax fee, benefits of functions, funds flows and monetary condition Accenture’s capability to bring in and retain business enterprise and workers might rely on its status in the market as a final result of Accenture’s geographically assorted operations and its expansion tactic to carry on to extend in its important markets close to the globe, the organization is extra vulnerable to specified threats Accenture’s organization could be materially adversely impacted if the company incurs authorized legal responsibility Accenture’s function with government shoppers exposes the company to supplemental dangers inherent in the government contracting natural environment Accenture’s results of operations could be materially adversely afflicted by fluctuations in overseas currency trade prices if Accenture is not able to take care of the organizational challenges involved with its size, the organization may be unable to achieve its organization targets if Accenture does not correctly take care of and produce its relationships with vital alliance companions or fails to foresee and build new alliances in new systems, the company’s success of operations could be adversely afflicted Accenture could possibly not be thriving at getting, investing in or integrating enterprises, coming into into joint ventures or divesting firms if Accenture is unable to safeguard or implement its mental residence rights or if Accenture’s products and services or solutions infringe on the mental house rights of other people or the organization loses its capacity to make use of the intellectual house of some others, its business enterprise could be adversely afflicted Accenture’s benefits of operations and share selling price could be adversely affected if it is unable to maintain successful inner controls modifications to accounting standards or in the estimates and assumptions Accenture can make in link with the preparation of its consolidated money statements could adversely have an impact on its fiscal results Accenture could be not able to obtain added funds on favourable conditions or at all and if the business raises equity money, it may perhaps dilute its shareholders’ possession desire in the enterprise Accenture could be matter to criticism and detrimental publicity linked to its incorporation in Ireland as effectively as the dangers, uncertainties and other aspects reviewed beneath the “Risk Factors” heading in Accenture plc’s most modern Annual Report on Variety 10-K, Quarterly Report on Kind 10-Q and other paperwork filed with or furnished to the Securities and Exchange Fee. 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