Accenture to Expand Workday Practice to Help Higher Education and Public Sector Organizations Transform Core Operations

Signs agreement to acquire Workday, Salesforce and U.S. MuleSoft expertise and offerings from Sierra-Cedar

NEW YORK–(BUSINESS WIRE)–Accenture (NYSE: ACN) has signed an agreement to acquire the Workday, Salesforce and U.S. MuleSoft practices from Sierra-Cedar. The acquisition will fortify Accenture’s leading position in the Workday ecosystem and broaden Accenture services to higher education and government organizations seeking to transform core software systems for human resources, finance, accounting and student services.

“We are focused on our clients’ priorities for more efficient, secure, transparent and customer service-oriented operations, and the practitioners joining Accenture have the industry and platform skills that are at the center of many such efforts,” said Ryan Gaetz, managing director of Accenture’s education and government-focused Workday practices. “By bolstering our practice focused on Workday Student, Financial Management and Human Capital Management, Accenture can help our clients achieve a greater set of outcomes.”

Sierra-Cedar’s Workday practice brings deep industry experience and expertise in the small and medium-sized education and government markets. Once finalized, approximately 275 professionals across the United States will join Accenture’s Workday, Salesforce and MuleSoft practices, focused on modernizing complex core operational systems and processes for higher education and government clients.

“Accenture is committed to investing in innovation that helps advance our ability to meet and exceed client demands and builds our talent base,” said Jonathan Fry, managing director of Accenture’s global education practice. “This team brings deep client-centric skills and an array of expert capabilities that align with and significantly boost our offerings to higher education and government.”

In its 2019 fiscal year, Accenture invested nearly US$1.2 billion globally on 33 acquisitions to acquire critical skills and capabilities in strategic, high-growth areas of the market.

Accenture was recently named a leader in The Forrester New Wave™: Workday Implementation Partners, Q3 2019 report. Accenture received a differentiated rating, the highest score possible, in seven out of 10 criteria.

The transaction is expected to close in early 2020. Terms of the transaction are not being disclosed.

About Accenture

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 505,000 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.

Forward-Looking Statements

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These include, without limitation, risks that: Accenture and Sierra-Cedar 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 could 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 breaches or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; 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 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; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; 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; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; 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 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; many of Accenture’s contracts include fees subject to the attainment of targets or specific service levels, which could increase the variability of the company’s revenues and impact its margins; 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.

Contacts

Joe Dickie

Accenture Health & Public Service

+1 512-694-6422

joseph.r.dickie@accenture.com

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