Accenture Expands its Hydrocarbon and Revenue Accounting Services with Completion of Hytracc Consulting Acquisition
02 September 2014 - 11:03PM
Business Wire
Accenture (NYSE:ACN) has completed its acquisition of Hytracc
Consulting, expanding Accenture’s hydrocarbon and revenue
accounting services that help oil and gas companies more
effectively track, manage and deliver hydrocarbons from the
wellhead to the sales meter.
The acquisition, first announced August 5, includes Hytracc’s
100 skilled staff who provide specialist consulting, software
implementation and support services within the hydrocarbon supply
chain. Hytracc is a primary supplier of expertise and services for
Energy Components (EC), a hydrocarbon accounting solution. As part
of Accenture’s energy industry group, Hytracc complements
Accenture’s upstream production management solutions, which include
hydrocarbon and revenue accounting outsourcing activities.
“The closing of the acquisition marks a significant step toward
our goal to become the provider of choice for upstream production
management services for oil and gas companies,” said Andrew Smart,
Accenture’s energy industry managing director. “We will continue to
create scalable capabilities to better serve the hydrocarbon and
revenue accounting needs of our clients.”
About Accenture
Accenture is a global management consulting, technology services
and outsourcing company, with more than 293,000 people serving
clients in more 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$28.6 billion for the fiscal
year ended Aug. 31, 2013. Its home page is www.accenture.com.
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AccentureGuy Cantwell+ 281 900
9089guy.cantwell@accenture.comorJustyna Devraj+ 44 20 7844 0090+ 44
750 012 4567justyna.devraj@accenture.com
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