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Accenture Acquires Concrete Solutions, Expanding Its Capabilities in Agile, DevOps, Mobility and Cloud Technologies
[August 08, 2017]

Accenture Acquires Concrete Solutions, Expanding Its Capabilities in Agile, DevOps, Mobility and Cloud Technologies


Accenture (NYSE:ACN) has acquired Concrete Solutions, a Brazilian company that specializes in applying Lean and Agile (News - Alert) software-development methodologies to develop cloud-based mobile solutions and web applications.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170808005132/en/

Acquisition of Concrete Solutions strengthens Accenture's capabilities in Agile, DevOps, mobility, c ...

Acquisition of Concrete Solutions strengthens Accenture's (News - Alert) capabilities in Agile, DevOps, mobility, cloud (Photo: Business Wire)

The acquisition expands Accenture's capabilities in leading-edge technologies and rapid development approaches, including Agile and DevOps, enhancing its ability to help clients leverage emerging technologies to meet their digital-transformation needs, improve their business performance and create new opportunities for growth.

"Since its inception, Concrete Solutions has been delivering innovative digital experience solutions and services to large corporations," said Ansano Baccelli, a managing director at Accenture and Accenture Technology lead for Brazil. "It's experience developing mobile applications using Agile and DevOps methodologies expands our expertise in leading-edge technologies and our ability to meet the growing demands of companies looking for the ideal partner in their digital transformation."

Founded in 2001, Concrete Solutions has more than 400 employees across three locations in Brazil.

"The acquisition of Concrete Solutions is another clear indication of Accenture's commitment to the local market, following the opening of our Innovation Centers in Recife and Rio de Janeiro and the expansion of our digital agency, Accenture Interactive, in Brazil," said Leonardo Framil, Accenture's country managing director for Accenture in Brazil and head of the company's business in Latin America. "Continuous investments like this enhance our presence and strengthen our ability to deliver for clients through the Accenture Innovation Architecture."

The acquisition of Concrete Solutions enables Accenture to be better prepared to create long-term relationships with organizations in Brazil. Bringing together te complementary skills and experience of both companies better enables Accenture to apply its innovation-led approach to deliver greater business value for clients.

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 more than 411,000 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

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 Accenture; Accenture'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; 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 changing 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; the markets in which Accenture competes are highly competitive, and Accenture might not be able to compete effectively; Accenture could have liability or Accenture's reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; 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; 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 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; Accenture might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture's Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of Accenture's geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to Accenture's relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company's results of operations; Accenture'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 Accenture is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; Accenture's ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture 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 Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of Accenture'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; Accenture's results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; 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.


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