Accenture Completes Acquisition of Trade Company The Strong
NEW YORK; Aug. 16, 2022 – Accenture (NYSE: ACN) has finished its acquisition of The Strong, a trade company enthusiastic about serving to person manufacturers construct and function their very own virtual trade channels in addition to set up their emblem and gross sales efficiency throughout key North American outlets, reinforcing Accenture’s persisted investments in trade to lend a hand shoppers boost up enlargement and maintain relevance.
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The purchase of The Strong, up to now introduced on July 13, provides greater than 400 folks to Accenture bringing remarkable omnichannel trade functions and experience that force income and potency for manufacturers throughout person items, retail, marketplaces and direct-to-consumer (DTC) channels.
“The remaining of our acquisition of The Strong alerts the strengthening of our trade functions,” mentioned Glen Hartman, Accenture Tune’s world lead for trade services and products. “The intensity and breadth of our trade experience will permit us to proceed to satisfy shoppers’ call for for trade enjoy reinvention in some way that fits the ever-evolving dating between consumers and types.”
Based in 2015 and known as one in all Inc. Mag’s fastest-growing personal firms in 2021, The Strong has a tune file of increasing person manufacturers of all sizes, phases, and verticals thru omnichannel retail and DTC trade.
Monetary phrases of the transaction weren’t disclosed.
As Accenture Tune continues to lend a hand shoppers fast-track their trade transformation around the consumers’ whole lifestyles adventure, the purchase of The Strong represents a vital milestone as the primary trade acquisition since the disclosing of Accenture Tune.
Ahead-Taking a look Statements
Excluding for the historic data and discussions contained herein, statements on this information free up would possibly represent forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. Phrases similar to “would possibly,” “will,” “must,” “most probably,” “anticipates,” “expects,” “intends,” “plans,” “initiatives,” “believes,” “estimates,” “located,” “outlook” and an identical expressions are used to spot those forward-looking statements. Those statements contain quite a lot of dangers, uncertainties and different components that would reason precise effects to vary materially from the ones expressed or implied. Those dangers come with, with out limitation, dangers that: Accenture and The Strong will be unable to near the transaction within the period of time expected, or in any respect, which relies at the events’ talent to fulfill positive remaining prerequisites; the transaction may no longer reach the predicted advantages for Accenture; Accenture’s result of operations had been, and would possibly at some point be, adversely suffering from risky, unfavorable or unsure financial and political prerequisites, together with the invasion of Ukraine by means of Russia, the comparable sanctions and different measures which have been and proceed to be imposed in accordance with this battle, in addition to the present inflationary atmosphere, and the consequences of those prerequisites at the corporate’s shoppers’ companies and ranges of commercial task; Accenture faces criminal, reputational and monetary dangers from any failure to offer protection to shopper and/or corporate knowledge from safety incidents or cyberattacks; Accenture’s trade will depend on producing and keeping up ongoing, winning shopper call for for the corporate’s services and products and answers together with during the adaptation and growth of its services and products and answers in accordance with ongoing adjustments in era and choices, and a vital aid in such call for or an incapability to reply to the evolving technological atmosphere may just materially impact the corporate’s result of operations; if Accenture is not able to check folks and talents with shopper call for all over the world and draw in and retain pros with robust management abilities, the corporate’s trade, the usage charge of the corporate’s pros and the corporate’s result of operations could also be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s trade and operations, and the level to which it’s going to 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 may no longer have the ability to compete successfully; Accenture’s talent to draw and retain trade and workers would possibly rely on its recognition available on the market; if Accenture does no longer effectively set up and increase its relationships with key alliance companions or fails to look ahead to and identify new alliances in new applied sciences, the corporate’s result of operations may well be adversely affected; Accenture’s profitability may just materially undergo if the corporate is not able to procure 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 reports supply inefficiencies or fail to fulfill positive agreed-upon objectives or particular carrier ranges; adjustments in Accenture’s degree of taxes, in addition to audits, investigations and tax lawsuits, or adjustments in tax regulations or of their interpretation or enforcement, will have a subject matter opposed impact at the corporate’s efficient tax charge, result of operations, money flows and monetary situation; Accenture’s result of operations may well be materially adversely suffering from fluctuations in foreign currency echange alternate 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 could be not able to get admission to further capital on favorable phrases or in any respect and if the corporate raises fairness capital, it is going to dilute its shareholders’ possession hobby within the corporate; because of Accenture’s geographically numerous operations and its enlargement approach to proceed to increase in its key markets all over the world, the corporate is extra at risk of positive dangers; if Accenture is not able to control the organizational demanding situations related to its measurement, the corporate could be not able to succeed in its trade targets; Accenture is probably not a hit at obtaining, making an investment in or integrating companies, getting into into joint ventures or divesting companies; Accenture’s trade may well be materially adversely affected if the corporate incurs criminal legal responsibility; Accenture’s world operations disclose the corporate to a lot of and infrequently conflicting criminal and regulatory necessities; Accenture’s paintings with govt shoppers exposes the corporate to further dangers inherent within the govt contracting atmosphere; if Accenture is not able to offer protection to or implement its highbrow assets rights or if Accenture’s services and products or answers infringe upon the highbrow assets rights of others or the corporate loses its talent to make use of the highbrow assets of others, its trade may well be adversely affected; Accenture’s result of operations and percentage worth may well be adversely affected whether it is not able to take care of efficient inside controls; Accenture could also be topic to complaint and unfavorable exposure associated with its incorporation in Eire; in addition to the dangers, uncertainties and different components mentioned below the “Possibility Elements” heading in Accenture %’s most up-to-date Annual File on Shape 10-Ok and different paperwork filed with or furnished to the Securities and Change Fee. Statements on this information free up discuss 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 evolve such statements to precise effects or adjustments in Accenture’s expectancies.
About Accenture
Accenture is a world skilled services and products corporate with main functions in virtual, cloud and safety. Combining unequalled enjoy and specialised abilities throughout greater than 40 industries, we provide Technique and Consulting, Generation and Operations services and products and Accenture Tune — all powered by means of the arena’s greatest community of Complicated Generation and Clever Operations facilities. Our 710,000 folks ship at the promise of era and human ingenuity on a daily basis, serving shoppers in additional than 120 nations. We include the ability of alternate to create worth and shared good fortune for our shoppers, folks, shareholders, companions and communities. Consult with us at accenture.com.
Accenture Tune hurries up enlargement and worth for our shoppers thru sustained buyer relevance. Our functions span ideation to execution: enlargement, product and enjoy design; era and enjoy platforms; ingenious, media and business plan; and marketing campaign, trade transformation content material and channel orchestration. With robust shopper relationships and deep trade experience, we lend a hand our shoppers function on the pace of lifestyles during the limitless doable of creativeness, era and intelligence.
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