Acquisition makes Accenture one of the largest ServiceNow providers in Canada, adds key cloud expertise to provide clients more value from their ServiceNow deployments
NEW YORK, Nov. 9, 2016 /CNW/ - Accenture (NYSE: ACN) has acquired Nashco Consulting Ltd., a Canada-based company that provides consulting, design and implementation services for ServiceNow®. The acquisition further strengthens Accenture's position as a leader in the ServiceNow partner ecosystem and enhances the company's technology capabilities and deep industry experience in cloud strategy, implementation, integration and management for clients seeking to tap the As-a-Service economy.
"Our clients are increasingly seeking to adopt As-a-Service operating models, and this acquisition represents the latest in a series of significant investments in our cloud business to meet the growing demand," said Julie Sweet, Accenture chief executive – North America. "Nashco's team of certified ServiceNow professionals in Canada brings a strong track record and exceptional skills that will help our clients meet the challenges of digital transformation. We look forward to welcoming Nashco's talented professionals to our team."
"Organizations of all sizes are looking for greater operational agility and rapid time to value of their cloud investments," said Jack Sepple, senior managing director, Accenture Cloud and Accenture Operations group technology officer. "The acquisition of Nashco supports our Cloud First agenda, further expands our service cloud capabilities and adds to our capacity to help clients on their journey to the cloud easier and more efficient."
Nashco will become part of Accenture's global ServiceNow practice and will significantly bolster the practice certifications in North America. The acquisition will create one of the largest ServiceNow providers in Canada and extend Accenture's overall ServiceNow leadership in the industry.
"ServiceNow transforms the workplace by automating workflows for IT, security, customer service and HR," said David Schneider, chief revenue officer, ServiceNow. "Accenture's acquisition of Nashco reinforces their commitment and excellence to transform the way customers get work done using ServiceNow. We are excited to see the depth in ServiceNow skills and the in-region growth this union will create. Together Accenture and ServiceNow are delivering game-changing economics for the enterprise."
Nashco, headquartered in Alberta, Canada, was founded in 1993 and has had an exclusive focus on ServiceNow consulting, design, and implementation services for the ServiceNow IT Service Management Suite since 2008. It has grown to be a leading ServiceNow partner and a leader in the Canadian market.
"Since our founding, we have not been afraid to embrace new directions and emerging technologies that continue to re-shape our industry," said Ken Stainsby, Founder and CTO of Nashco. "By joining forces with Accenture, our clients will be able to solve their IT business challenges more rapidly by leveraging Accenture's deep industry expertise and breadth of solutions that are needed in the ever-evolving cloud services environment."
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world's largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 384,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Accenture is a leader in helping organizations move to the cloud to take advantage of a new era of service delivery and flexibility, where applications, infrastructure and business processes are brought together and delivered As-a-Service. Accenture's Cloud First agenda offers comprehensive, industry-focused cloud services including strategy, implementation, migration and managed services, and assets including the Accenture Cloud Platform that can drive broader transformational programs for clients. Accenture has worked on over 20,000 cloud computing projects for clients, including three-quarters of the Fortune Global 100, and has more than 33,000 professionals trained in cloud computing.
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. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for the company; the company's results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; the company'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 changing technological environment could materially affect the company's results of operations; if the company 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; the markets in which the company competes are highly competitive, and the company might not be able to compete effectively; the company could have liability or the company's reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; the company'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; changes in the company'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; the company's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company's business could be materially adversely affected if the company incurs legal liability; the company's work with government clients exposes the company to additional risks inherent in the government contracting environment; the company might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; the company's Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of the company's geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to the company's relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company's results of operations; the company's services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company's ability to attract and retain business and employees may depend on its reputation in the marketplace; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of the company's contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company's revenues and impact its margins; the company's results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company 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.
For further information: Alexander Aizenberg, Accenture, + 1 917 452 9878, firstname.lastname@example.org