Accenture (NYSE: ACN) has acquired Axis Corporate, a Spanish
management and technology business consulting firm specialized in
financial services. Axis Corporate enhances Accenture’s strategy
and technology offerings that enable companies in Spain to reinvent
their business models, more effectively manage costs and develop
new products faster.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240408036629/en/
Accenture has acquired Axis Corporate, a
Spanish management and technology business consulting firm
specialized in financial services. (Photo: Business Wire)
Founded in 2005, Axis Corporate is headquartered in Barcelona,
with offices in Madrid and Boston. It has long-standing
relationships with many of the largest financial services firms in
Spain, with expertise primarily in retail and commercial banking,
consumer finance and payments. Axis Corporate’s approximately 110
specialized professionals will join Accenture’s Strategy &
Consulting practice.
The company provides a wide range of advisory services,
including operating model and cost transformation, talent and
culture, finance, and sustainability. It also has strong risk
management capabilities, with a special focus on helping banks
better manage and recover non-performing assets and loans.
“As banks and other providers navigate a continually changing
and highly competitive landscape, the need to transform their
businesses to offer hyper-personalized and impactful digital
customer experiences has never been greater,” said David Cordero,
who leads Accenture’s Banking industry group in Europe. “Axis
Corporate’s proven operating model expertise across the entire
financial services value chain will bolster our ability to
accelerate continuous reinvention at scale for our clients.”
Casimiro Gracia, executive chairman at Axis Corporate, said: “We
have been a trusted partner to major financial services firms and
other industries in Spain for almost 20 years, helping them to
accelerate growth and operate more efficiently locally and
globally. By joining Accenture, our people can expand their
skillsets and participate in new large-scale transformation
programs, including around core banking and risk, with clients
across the world.”
Mercedes Oblanca, market unit lead for Accenture in Spain and
Portugal, said: “With this acquisition, we will be in an even
stronger position to help our financial services clients in Spain
manage risk, adapt to change and deliver new services. We are
delighted to welcome Axis Corporate’s talented team, with its
strong track record of enabling companies to accelerate their
digital strategies to maximize competitiveness.”
Terms of the transaction were not disclosed.
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,” “aspires,” “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,”
“positioned,” “outlook,” “goal,” “target” and similar expressions
are used to identify these forward-looking statements. These
statements are not guarantees of future performance nor promises
that goals or targets will be met, and involve a number of risks,
uncertainties and other factors that are difficult to predict and
could cause actual results to differ materially from those
expressed or implied. These risks include, without limitation,
risks that: the transaction might not achieve the anticipated
benefits for Accenture; Accenture’s results of operations have
been, and may in the future 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 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 match people and their skills 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 faces
legal, reputational and financial risks from any failure to protect
client and/or company data from security incidents or cyberattacks;
the markets in which Accenture operates are highly competitive, and
Accenture might not be able to compete effectively; 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
ecosystem partners or fails to anticipate and establish new
alliances in new technologies, the company’s results of operations
could be adversely affected; 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 or fail
to satisfy certain agreed-upon targets or specific service levels;
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; 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; as a result of Accenture’s
geographically diverse operations and strategy to continue to grow
in key markets around the world, the company is more susceptible to
certain risks; if Accenture is unable to manage the organizational
challenges associated with its size, the company might be unable to
achieve its business objectives; Accenture might not be successful
at acquiring, investing in or integrating businesses, entering into
joint ventures or divesting businesses; Accenture’s business could
be materially adversely affected if the company incurs legal
liability; Accenture’s global operations expose the company to
numerous and sometimes conflicting legal and regulatory
requirements; Accenture’s work with government clients exposes the
company to additional risks inherent in the government contracting
environment; 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 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.
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading businesses, governments and other
organizations build their digital core, optimize their operations,
accelerate revenue growth and enhance citizen services—creating
tangible value at speed and scale. We are a talent- and
innovation-led company with approximately 742,000 people serving
clients in more than 120 countries. Technology is at the core of
change today, and we are one of the world’s leaders in helping
drive that change, with strong ecosystem relationships. We combine
our strength in technology and leadership in cloud, data and AI
with unmatched industry experience, functional expertise and global
delivery capability. We are uniquely able to deliver tangible
outcomes because of our broad range of services, solutions and
assets across Strategy & Consulting, Technology, Operations,
Industry X and Song. These capabilities, together with our culture
of shared success and commitment to creating 360° value, enable us
to help our clients reinvent and build trusted, lasting
relationships. We measure our success by the 360° value we create
for our clients, each other, our shareholders, partners and
communities. Visit us at www.accenture.com.
Copyright ©2024 Accenture. All rights reserved. Accenture and
its logo are registered trademarks of Accenture.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240408036629/en/
Berta Díaz Olivas Accenture +34 691 33 88 89
berta.diaz.olivas@accenture.com
Michael McGinn Accenture +1 312 693 5707
m.mcginn@accenture.com
Accenture (NYSE:ACN)
Historical Stock Chart
From Apr 2024 to May 2024
Accenture (NYSE:ACN)
Historical Stock Chart
From May 2023 to May 2024