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Home›Financial Strategy›Accenture announces its intention to acquire strategy and business management consulting firm Exton Consulting

Accenture announces its intention to acquire strategy and business management consulting firm Exton Consulting

By Roy Logan
June 18, 2021
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PARIS–(COMMERCIAL THREAD) – Accenture (NYSE: ACN) has entered into an agreement to acquire Exton Consulting, a French consulting firm providing strategic and business assistance to financial services clients across Europe. Financial terms of the transaction are not disclosed.

Founded in 2006 and based in Paris, France, Exton Consulting helps the boards of directors of major banks and insurance companies successfully manage growth and transformation projects in various markets across Europe. The team of approximately 150 highly skilled professionals would join Accenture’s financial services industry group and strengthen its ability to deliver innovative end-to-end solutions to a wider range of financial services companies, spanning all aspects of their transformation plans, including strategy, design, technology, and operations.

Olivier Girard, Head of Market Unit for Accenture France & Benelux, said: “Our intention to acquire Exton Consulting is part of our overall growth strategy aimed at expanding critical skills and capabilities in strategic areas with strong market growth. It underscores our commitment to the financial services industry, which is facing an unprecedented transformation driven by economic and geopolitical uncertainties, regulatory challenges, digital transformation, the urgency to reinvent the customer experience and the need to rethink operational models. This acquisition would solidify Accenture’s position as a leading strategy and advisory company for financial services clients in France and beyond, taking our innovative end-to-end solutions to new levels of speed and scale.

Cédric Vatier, Head of Strategy and Consulting for Accenture France and Benelux, said: “The main challenges our financial services clients face today are global and clients need holistic solutions to meet and transform them. into new opportunities. Acquiring Exton Consulting would strengthen our ability to leverage the combination of our talent pool with the latest technologies, such as artificial intelligence, data and the cloud, to help clients embrace change, accelerate transformation, unleash value and create new models that benefit everyone.

“For 15 years, the Exton Consulting team has supported companies in the Financial Services sector in their transformation, from strategy to implementation. Today, driven by the digitalization of the economy, different spheres of business consulting are coming together. We are delighted with the opportunity to join Accenture, which would allow us to accelerate our strategy. Combining our innovation, technology and data skills with our expertise would help us deliver highly differentiated end-to-end services to an even larger customer base, both existing and future, ”said Philippe Derambure , co-founder of Exton Consulting.

The acquisition requires prior consultation of the works councils concerned and is subject to the usual closing conditions.

About Accenture

Accenture is a global professional services company with industry-leading capabilities in digital, cloud and security. Combining unparalleled experience and specialized skills in more than 40 industries, we offer strategy and advisory, interactive, technological and operational services, all powered by the world’s largest network of advanced technology and intelligent operations centers. Our 537,000 employees deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, employees, shareholders, partners and communities. Visit us at www.accenture.com.

Forward-looking statements

Except for historical information and discussions contained herein, statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “Will”, “should”, “probable”, “anticipates”, “expects”, “intends”, “foresees”, “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. Many of the risks, uncertainties and other factors identified below are and will be magnified by the COVID-19 pandemic. These risks include, but are not limited to, the risks that: Accenture and Exton Consulting may not be able to complete the transaction within the expected time frame, or not at all, which depends on the ability of the parties to meet certain conditions of fencing ; the transaction may not generate the expected profits for Accenture; Accenture’s operating results were significantly affected and could in the future be significantly affected by the COVID-19 pandemic; Accenture’s operating results have been, and may in the future, be affected by volatile, negative or uncertain economic and political conditions and the effects of such conditions on the businesses and activity levels of the Company’s customers. society ; Accenture’s business depends on generating and sustaining a continuous and profitable customer demand for the company’s services and solutions, including by adapting and expanding its services and solutions in response to continuous change. technology and offerings, and a significant reduction in this demand or an inability to respond to the changing technological environment could have a material impact on the Company’s operating results; if Accenture is unable to keep its supply of skills and resources in balance with the demand of customers around the world and to attract and retain professionals with strong leadership skills, the business of the company, the rate of utilization of the company’s professionals and the company’s operating results may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect customer and / or company data from security incidents or cyber attacks; the markets in which Accenture operates are highly competitive, and Accenture may not be able to compete effectively; Accenture’s profitability could suffer significantly if the company is not able to obtain favorable prices for its services and solutions, if the company is not able to remain competitive, if its management strategies costs fail or if it experiences delivery inefficiencies or fails to meet certain agreed upon agreements. on specific objectives or service levels; changes in Accenture’s tax level, as well as tax audits, investigations and procedures, or changes in tax laws or their interpretation or application, could have a material adverse effect on the tax rate company workforce, operating results, cash flows and statements; Accenture’s ability to attract and retain businesses and employees may depend on its reputation in the market; due to Accenture’s geographically diversified operations and its growth strategy to continue expanding in key markets around the world, the company is more sensitive to certain risks; Accenture’s business could be seriously affected if the company assumes legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the public procurement environment; Accenture’s operating results could be significantly affected by exchange rate fluctuations; if Accenture is unable to manage the organizational challenges associated with its size, the business may not be able to meet its business goals; If Accenture fails to manage and develop relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s operating results could be adversely affected. negative; Accenture may not be successful in acquiring, investing or integrating businesses, creating joint ventures or disposing of businesses; 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 if the company loses its ability to use intellectual property others, their activity could be affected; Accenture’s operating results and share price could be affected if it were not able to maintain effective internal controls; changes in accounting standards or in the estimates and assumptions made by Accenture in the preparation of its consolidated financial statements could adversely 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 it may dilute its shareholders’ stake in the company; Accenture may be subject to criticism and negative publicity relating to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under “Risk Factors” in Accenture plc’s most recent annual report on Form 10-K and other documents filed or provided to the Securities and Exchange Commission. The statements contained in this press release speak only as of the date on which they are made, and Accenture assumes no obligation to update any forward-looking statements made in this press release or to conform such statements to results. realities or changes in Accenture’s expectations.



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