Accenture (NYSE: ACN) has acquired Allitix, a consulting and
technology company specializing in Anaplan solutions with
capabilities across financial planning and analysis, sales
performance management and supply chain. The acquisition further
strengthens Accenture’s connected planning capabilities using
Anaplan, a platform that helps organizations see, plan and lead
better business outcomes, and enhances its ability to help clients
standardize planning practices across business functions for
increased agility, productivity, and data-driven decision
making.
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Accenture has acquired Allitix, a
consulting and technology company specializing in Anaplan solutions
with capabilities across financial planning and analysis, sales
performance management and supply chain. (Photo: Business Wire)
Founded in 2017, Allitix is headquartered in Irvine, California.
As a trusted Anaplan partner, Allitix provides tailored
Anaplan-based solutions across finance, sales, supply chain, and
human resources functions, with specific competencies in the
manufacturing, consumer, technology, media and telecom and
financial services industries.
“Demand for connected enterprise planning is on the rise, given
its ability to unlock business value and spur total enterprise
reinvention,” said David Leckstein, senior managing director and
lead, Americas Technology at Accenture. “Allitix’s highly skilled
talent, deep domain expertise, and agile approach to implementation
complements our broader digital capabilities and further expands
our ability to deliver integrated enterprise planning
transformations for our clients that drive better, faster insights
and bottom-line value.”
Allitix has significant experience in implementing scalable,
flexible and impactful business planning frameworks that enable
enterprises to adapt to dynamic market conditions. The acquisition
adds 73 employees, including over 60 Anaplan functional and
technical professionals to Accenture Technology in North America,
with expertise across solution architecture, model building,
integration, and data management.
“Joining Accenture is an exciting opportunity for us. Our shared
vision for transforming the way organizations operate through
connected planning makes this a perfect fit,” said Mark Ishikawa,
founder and managing partner, Allitix. “By combining Accenture’s
technology and consulting capabilities and global reach with our
deep expertise in Anaplan, we can offer unparalleled expertise,
scale, and support to help our clients navigate complex planning
environments and stay ahead in a rapidly evolving market.”
Terms of the transaction were not disclosed.
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,” “aspires,” “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,”
“positioned,” “outlook,” “goal,” “target” and similar expressions
are used to identify these forward-looking statements. These
statements are not guarantees of future performance nor promises
that goals or targets will be met, and involve a number of risks,
uncertainties and other factors that are difficult to predict and
could cause actual results to differ materially from those
expressed or implied. These risks include, without limitation,
risks that: the transaction might not achieve the anticipated
benefits for Accenture; Accenture’s results of operations have
been, and may in the future be, adversely affected by volatile,
negative or uncertain economic and geopolitical 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 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; risks
and uncertainties related to the development and use of AI could
harm the company’s business, damage its reputation or give rise to
legal or regulatory action; if Accenture is unable to match people
and their skills 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 faces legal, reputational
and financial risks from any failure 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 ability to
attract and retain business and employees may depend on its
reputation in the marketplace; if Accenture does not successfully
manage and develop its relationships with key ecosystem partners or
fails to anticipate and establish new alliances in new
technologies, the company’s results of operations could be
adversely affected; Accenture’s profitability could materially
suffer due to pricing pressure, 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 results of operations could be
materially adversely affected by fluctuations in foreign currency
exchange rates; Accenture’s debt obligations could adversely affect
its business and financial condition; 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; as a
result of Accenture’s geographically diverse operations and
strategy to continue to grow in key markets around the world, the
company is more susceptible to certain risks; if Accenture is
unable to manage the organizational challenges associated with its
size, the company might be unable to achieve its business
objectives; Accenture might not be successful at acquiring,
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ventures or divesting businesses; Accenture’s business could be
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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 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.
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading organizations build their digital core,
optimize their operations, accelerate revenue growth and enhance
services—creating tangible value at speed and scale. We are a
talent- and innovation-led company with approximately 774,000
people serving clients in more than 120 countries. Technology is at
the core of change today, and we are one of the world’s leaders in
helping drive that change, with strong ecosystem relationships. We
combine our strength in technology and leadership in cloud, data
and AI with unmatched industry experience, functional expertise and
global delivery capability. Our broad range of services, solutions
and assets across Strategy & Consulting, Technology,
Operations, Industry X and Song, together with our culture of
shared success and commitment to creating 360° value, enable us to
help our clients reinvent and build trusted, lasting relationships.
We measure our success by the 360° value we create for our clients,
each other, our shareholders, partners and communities. Visit us at
www.accenture.com.
Copyright ©2024 Accenture. All rights reserved. Accenture and
its logo are registered trademarks of Accenture.
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Keerthi Goutham Accenture Keerthi.goutham@accenture.com
Accenture (NYSE:ACN)
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