[March 26, 2015] |
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Accenture Completes Acquisition of Agilex, Enhancing Digital Capabilities and Agile Delivery for the U.S. Federal Market
Accenture
Federal Services (AFS) has completed its acquisition of Agilex
Technologies, Inc. (Agilex), a provider of digital solutions for the
U.S. federal government, enhancing Accenture's (News - Alert) digital capabilities in
analytics, cloud and mobility for federal agencies.
The acquisition, first announced
on February 9, 2015, advances AFS's ability to help clients harness the
power of emerging digital technologies and enable rapid, predictable
systems deployment for the federal government's most complex challenges.
"Digital technologies are fundamentally changing the way that government
organizations operate and interact with citizens, patients, employees,
suppliers, partners and other stakeholders," said David
Moskovitz, Accenture Federal Services chief executive. "Combining
the Agilex and AFS digital capabilities and agile methods accelerates
our ability to help our federal clients make the digital transformation
journey and improve services and outcomes."
Agilex brings to Accenture its unique mission focus and understanding of
IT requirements of federal agencies. The company currently serves a
number of federal departments and independent agencies, such as the
Departments of Veterans Affairs, Homeland Security and Commerce.
Formerly a privately-held company, Agilex was recently named a 2014
Greater Washington Government Contractor of the Year.
A U.S. company with offices in Arlington, Va., Accenture Federal
Services is a wholly owned subsidiary of Accenture LLP. Accenture's
federal business has served every cabinet-level department and 30 of the
largest federal organizations with clients at defense, intelligence,
public safety, civilian and military health organizations.
Learn more about Accenture's work
with federal agencies, its
global defense work, and Delivering
Public Service for the Future.
About Accenture
Accenture (NYSE: ACN) is a global management consulting, technology
services and outsourcing company, with more than 323,000 people serving
clients inmore than 120 countries. Combining unparalleled experience,
comprehensive capabilities across all industries and business functions,
and extensive research on the world's most successful companies,
Accenture collaborates with clients to help them become high-performance
businesses and governments. The company generated net revenues of
US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page
is www.accenture.com.
Accenture Digital, comprised of Accenture
Analytics, Accenture
Interactive and Accenture
Mobility, offers a comprehensive portfolio of business and
technology services across digital marketing, mobility and analytics.
From developing digital strategies to implementing digital technologies
and running digital processes on their behalf, Accenture Digital helps
clients leverage connected and mobile devices; extract insights from
data using analytics; and enrich end-customer experiences and
interactions, delivering tangible results from the virtual world and
driving growth. Learn more about Accenture Digital at www.accenture.com/digital.
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. 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, and a
significant reduction in such demand 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 or
information systems as obligated by law or contract or if the company's
information systems are breached; the company's results of operations
and ability to grow could be materially negatively affected if the
company cannot adapt and expand its services and solutions in response
to ongoing changes in technology and offerings by new entrants; the
company's results of operations could materially suffer if the company
is not able to obtain sufficient pricing to enable it to meet its
profitability expectations; if the company does not accurately
anticipate the cost, risk and complexity of performing its work or if
the third parties upon whom it relies do not meet their commitments,
then the company's contracts could have delivery inefficiencies and be
less profitable than expected or unprofitable; the company's results of
operations could be materially adversely affected by fluctuations in
foreign currency exchange rates; the company's profitability could
suffer if its cost-management strategies are unsuccessful, and the
company may not be able to improve its profitability through
improvements to cost-management to the degree it has done in the past;
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 or integrating businesses or entering into
joint ventures; the company's Global Delivery Network is increasingly
concentrated in India and the Philippines, which may expose it to
operational risks; changes in the company's level of taxes, as well as
audits, investigations and tax proceedings, or changes in the company's
treatment as an Irish company, could have a material adverse effect on
the company's results of operations and financial condition; 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; 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; if the company is unable
to collect its receivables or unbilled services, the company's results
of operations, financial condition and cash flows could be adversely
affected; if the company is unable to manage the organizational
challenges associated with its size, the company might be unable to
achieve its business objectives; the company's share price and results
of operations could fluctuate and be difficult to predict; the company's
results of operations and share price could be adversely affected if it
is unable to maintain effective internal controls; 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; 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.
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