Accenture (NYSE: ACN) has acquired Wolox, a leading Argentinean
cloud native and agile development company that provides digital
solutions to help clients achieve successful business outcomes.
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Agustina Fainguersh, founder and CEO of
Wolox, and Sergio Kaufman, president of Accenture Argentina (Photo:
Business Wire)
Founded in 2012, Wolox’s team of more than 280 professionals
specializes in integrated services that include digital business
design, product creation and agile squads.
“The acquisition of Wolox brings differentiated skills to
Accenture, as the team uniquely blends cloud native development
with design and state-of-the-art technologies for business
transformation,” said Karthik Narain, global lead for Accenture
Cloud First. “Wolox has multidisciplinary teams of industry and
business experts, UX/UI designers, software designers, architects
and engineers and, together, we’re now more equipped to help
clients tap into the technology expertise and human ingenuity that
powers how Accenture innovates.”
The addition of the Wolox team enhances the global capabilities
of Accenture Cloud First, a multi-service group providing a full
stack of cloud services to help clients across every industry
accelerate their digital transformation, innovate faster, and
create differentiated, sustainable value. Powered by 70,000 cloud
professionals, and a $3 billion investment over the next three
years, the group brings together an unmatched depth and breadth of
cloud expertise, industry cloud solutions, ecosystem partner
capabilities, and assets that help clients realize greater value
from cloud at speed and scale.
“By pairing Accenture’s global expertise with Wolox’s regional
talent and capabilities, this acquisition strengthens our ability
to help clients accelerate business transformation using cloud
technologies and deliver measurable business value,” said Sergio
Kaufman, president of Accenture Argentina and Hispanic South
America. We will integrate Wolox across Accenture’s services,
including Strategy & Consulting, Interactive, Technology and
Operations, enabling us to deliver 360 degree value for our
clients, people, shareholders, partners and communities.”
Agustina Fainguersch, Wolox founder and CEO, said, “Since 2012,
Wolox has focused on transforming industries through technology. By
joining Accenture, we will be able to continue doing so, furthering
our reach and impact in a more robust manner. The combination of
Accenture and Wolox is a great opportunity for our teams and
clients. This is our moment to help clients solve their most
pressing challenges by leveraging the cloud and cutting-edge
technologies.”
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services in strategy and consulting,
interactive, technology and operations, with digital capabilities
across all of these services. We combine unmatched experience and
specialized capabilities across more than 40 industries — powered
by the world’s largest network of Advanced Technology and
Intelligent Operations centers. With 514,000 people serving clients
in more than 120 countries, Accenture brings continuous innovation
to help clients improve their performance and create lasting value
across their enterprises. 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: 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
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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
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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
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well as audits, investigations and tax proceedings, or changes in
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Accenture’s ability to attract and retain business and employees
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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
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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
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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
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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, Quarterly Report on Form 10-Q
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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Gabriela Oliván Accenture +54 911 3822 0352
gabriela.olivan@accenture.com
Stephanie Warzala Accenture +54 911 5803 0820
stephanie.warzala@accenture.com
Mylissa Tsai Accenture +1 917 452 9729
mylissa.tsai@accenture.com
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