July 25, 2022
Accenture Acquires Solvera Answers to Develop Virtual Transformation Features in Western Canada
TORONTO; July 25, 2022 – Accenture (NYSE: ACN) has obtained Solvera Answers, a Regina-based corporate turning in platform-led virtual transformation services and products throughout Western Canada. Monetary phrases of the transaction weren’t disclosed.
Based in 2005, Solvera Answers has a workforce of greater than 450 execs with deep consulting and controlled provider functions throughout ServiceNow, Microsoft and SAP platforms. Solvera Answers serves purchasers within the public sector, well being, monetary services and products, utilities and effort, and agriculture industries, and will probably be a catalyst for Accenture’s persisted expansion in British Columbia, Alberta, Saskatchewan, and Manitoba.
“Including Solvera Answers’ virtual transformation functions throughout ServiceNow, Microsoft and SAP, at the side of their native marketplace and business experience, manner we’re even higher situated to toughen our purchasers throughout Western Canada,” stated Jeffrey Russell, president of Accenture in Canada. “Shoppers throughout industries will get advantages as we assist them benefit from the cloud and enhanced provider supply functions to become their provider and buyer operations, in the long run riding better industry price from their investments in main platform applied sciences.”
Solvera Answers brings in depth revel in at the ServiceNow platform; expands Accenture’s present choices at the Microsoft Fashionable Administrative center and Microsoft Energy Platform; and complements functions and sources in SAP S/4HANA.
Robert Vokes, managing director and monetary services and products lead for Accenture in Canada, added, “Solvera Answers is a deeply revered and prime appearing virtual transformation specialist with a skilled workforce this is dedicated to the communities it serves, making it a perfect addition to Accenture. Solvera Answers expands our presence around the West, riding price and expansion for our platform choices on this key geographic area.”
Reg Robinson, CEO and co-founder at Solvera Answers, stated, “The speed of virtual adoption has speeded up lately and we’re dedicated to staying at the vanguard of provider supply. Becoming a member of Accenture lets in us to supply purchasers a good better suite of sources and experience thru Accenture’s community of execs throughout Canada and globally, whilst offering our other folks with a wealth of recent profession expansion alternatives.”
Solvera Answers is Accenture Canada’s 6th acquisition since 2020, becoming a member of the new additions of XtremeEDA, Gevity, Cloudworks, Avenai and Callisto Integration.
Accenture is an international skilled services and products corporate with main functions in virtual, cloud and safety. Combining unrivaled revel in and specialised talents throughout greater than 40 industries, we provide Technique and Consulting, Generation and Operations services and products and Accenture Music — all powered by means of the arena’s greatest community of Complicated Generation and Clever Operations facilities. Our 710,000 other folks ship at the promise of era and human ingenuity each day, serving purchasers in additional than 120 nations. We include the facility of trade to create price and shared luck for our purchasers, other folks, shareholders, companions and communities. Discuss with us at accenture.com.
Ahead-Having a look Statements
With the exception of for the ancient data and discussions contained herein, statements on this information free up would possibly represent forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. Phrases corresponding to “would possibly,” “will,” “will have to,” “most likely,” “anticipates,” “expects,” “intends,” “plans,” “initiatives,” “believes,” “estimates,” “situated,” “outlook” and an identical expressions are used to spot those forward-looking statements. Those statements contain numerous dangers, uncertainties and different elements that might motive precise effects to range materially from the ones expressed or implied. Those dangers come with, with out limitation, dangers that: the transaction would possibly now not reach the predicted advantages for Accenture; Accenture’s result of operations had been, and would possibly one day be, adversely suffering from unstable, destructive or unsure financial and political prerequisites, together with the invasion of Ukraine by means of Russia, the similar sanctions and different measures which were and proceed to be imposed based on this battle, in addition to the present inflationary surroundings, and the consequences of those prerequisites at the corporate’s purchasers’ companies and ranges of commercial process; Accenture faces criminal, reputational and monetary dangers from any failure to offer protection to consumer and/or corporate information from safety incidents or cyberattacks; Accenture’s industry relies on producing and keeping up ongoing, winning consumer call for for the corporate’s services and products and answers together with in the course of the adaptation and enlargement of its services and products and answers based on ongoing adjustments in era and choices, and an important aid in such call for or an incapacity to answer the evolving technological surroundings may just materially impact the corporate’s result of operations; if Accenture is not able to check other folks and abilities with consumer call for all over the world and draw in and retain execs with sturdy management talents, the corporate’s industry, the usage charge of the corporate’s execs and the corporate’s result of operations could also be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s industry and operations, and the level to which it’ll proceed to take action and its affect at the corporate’s long term monetary effects are unsure; the markets through which Accenture operates are extremely aggressive, and Accenture would possibly now not have the ability to compete successfully; Accenture’s skill to draw and retain industry and staff would possibly rely on its popularity on the market; if Accenture does now not effectively arrange and expand its relationships with key alliance companions or fails to await and identify new alliances in new applied sciences, the corporate’s result of operations might be adversely affected; Accenture’s profitability may just materially undergo if the corporate is not able to acquire favorable pricing for its services and products and answers, if the corporate is not able to stay aggressive, if its cost-management methods are unsuccessful or if it stories supply inefficiencies or fail to fulfill sure agreed-upon objectives or explicit provider ranges; adjustments in Accenture’s degree of taxes, in addition to audits, investigations and tax court cases, or adjustments in tax regulations or of their interpretation or enforcement, may have a subject material antagonistic impact at the corporate’s efficient tax charge, result of operations, money flows and monetary situation; Accenture’s result of operations might be materially adversely suffering from fluctuations in foreign exchange change charges; adjustments to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements may just adversely impact its monetary effects; Accenture may well be not able to get right of entry to further capital on favorable phrases or in any respect and if the corporate raises fairness capital, it’ll dilute its shareholders’ possession pastime within the corporate; on account of Accenture’s geographically various operations and its expansion solution to proceed to amplify in its key markets all over the world, the corporate is extra prone to sure dangers; if Accenture is not able to regulate the organizational demanding situations related to its measurement, the corporate may well be not able to succeed in its industry goals; Accenture will not be a success at obtaining, making an investment in or integrating companies, getting into into joint ventures or divesting companies; Accenture’s industry might be materially adversely affected if the corporate incurs criminal legal responsibility; Accenture’s international operations disclose the corporate to a lot of and every now and then conflicting criminal and regulatory necessities; Accenture’s paintings with executive purchasers exposes the corporate to further dangers inherent within the executive contracting surroundings; if Accenture is not able to offer protection to or put in force its highbrow belongings rights or if Accenture’s services and products or answers infringe upon the highbrow belongings rights of others or the corporate loses its skill to make use of the highbrow belongings of others, its industry might be adversely affected; Accenture’s result of operations and percentage value might be adversely affected whether it is not able to deal with efficient interior controls; Accenture could also be topic to grievance and destructive exposure associated with its incorporation in Eire; in addition to the dangers, uncertainties and different elements mentioned underneath the “Possibility Elements” heading in Accenture %’s most up-to-date Annual Document on Shape 10-Ok and different paperwork filed with or furnished to the Securities and Trade Fee. Statements on this information free up talk simplest as of the date they have been made, and Accenture undertakes no accountability to replace any forward-looking statements made on this information free up or to adapt such statements to precise effects or adjustments in Accenture’s expectancies.
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