Acquisitionwould strengthen Accenture's position in the EPM market, leveraging cloud innovation and the power of data to help clients navigate digital transformation
Accenture (NYSE: ACN) has entered into an agreement to acquire Nell'Armonia, a leading consulting and technology company specialized in enterprise performance management (EPM) solutions, headquartered in Paris, France. Financial terms of the transaction are not being disclosed.
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Founded in 2005, Nell'Armonia has more than 135 highly skilled professionals with experience in Oracle EPM cloud solutions, as well as Anaplan, CCH Tagetik and OneStream solutions, serving clients across France and Israel with services that cover the entire EPM spectrum, from advisory to implementation and maintenance. Nell'Armonia complements Accenture's existing capabilities and would enhance its ability to address clients' needs for analytics-based insights to support finance and end-to-end enterprise planning. As a result, CFOs would be able to move with greater speed and take on more responsibility for strategy, execution, and the sustainable future of the enterprise.
"Robust EPM capabilities that bring together data, technology and talent are critical for creating a more dynamic, agile and actionable performance management process," said Olivier Girard, market unit lead, Accenture France and Benelux. "Accenture is committed to providing the best resources and capabilities to meet the needs of our clients, and the combination of Accenture and Nell'Armonia would allow us to deliver the latest, most comprehensive solutions to help organizations succeed in their EPM transformations."
Stephanie Jandard, managing director and Technology lead, Accenture France, said, "Many large French companies will engage in EPM transformation powered by cloud innovation and motivated by their commitment to sustainability. This is driven by leaders' increasing need for a holistic, real-time view of their company's critical functions, such as finance, HR and supply chain management, reliable insight on their Environmental, Social and Governance performance and the potential value that integrating sustainability into their business decision making can bring."
Eric Leroy, CEO and founder of Nell'Armonia, added, "Many clients have undertaken projects to transform their EPM model. Reporting, planning, budgeting and forecasting processes are critical components for the success of such major technological and business transformations. Combining our strengths with Accenture would allow us to extend EPM beyond the finance function and strengthen our innovation capabilities by using the latest technologies such as artificial intelligence, predictive analytics and robotics. The opportunity to join Accenture would open up tremendous opportunities for our company and our people. Together, we would be able to support a larger number of companies in successful management transformation projects, integrating all the key functions of the company."
The acquisition requires prior consultation with the relevant works councils and would be subject to customary closing conditions.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services-all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.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," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "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 following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. These risks include, without limitation, risks that: Accenture and Nell'Armonia will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties' ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture's results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic; Accenture's results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; Accenture's business depends on generating and maintaining ongoing, profitable client demand for the company's services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company's results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company's business, the utilization rate of the company's professionals and the company's results of operations may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture's profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture's level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company's effective tax rate, results of operations, cash flows and financial condition; Accenture's ability to attract and retain business and employees may depend on its reputation in the marketplace; as a result of Accenture's geographically 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; Accenture's business could be materially adversely affected if the company incurs legal liability; Accenture's work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company's results of operations could be adversely affected; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture's services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture's results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders' ownership interest in the company; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the "Risk Factors" heading in Accenture plc's most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations.
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Contacts:
Velislava Le Fevre
Accenture France
+33 1 53 23 46 18
velislava.lefevre@accenture.com
Bonnie Olivier
Accenture France
+33 1 53 23 54 61
bonnie.olivier@accenture.com
