NEW YORK–(BUSINESS WIRE)–Accenture (NYSE: ACN) has acquired CS Technology, a technology firm and provider of infrastructure transformation services. CS Technology offers a broad range of cloud infrastructure engineering capabilities with strengths in the areas of infrastructure and cloud planning, critical facilities design, data center and modern workplace technologies. CS Technology brings decades of experience executing strategic initiatives on behalf of its clients. Terms of the transaction were not disclosed.
The addition of CS Technology will boost Accenture Cloud First’s capabilities in infrastructure engineering. This will enhance Accenture’s portfolio of cloud services aimed at helping clients take full advantage of the benefits that cloud and distributed edge computing platforms offer in order to optimize the return on their cloud investments.
“Accenture’s acquisition of CS Technology expands the hybrid cloud infrastructure capabilities our clients need to become cloud-first enterprises and realize value faster,” said Karthik Narain, global lead of Accenture Cloud First. “The emerging applications of tomorrow require a range of technologies across the cloud continuum. Companies must evolve their technology infrastructure in a compressed timeframe, which requires moving quickly and with confidence. The addition of CS Technology better positions Accenture Cloud First to design and execute fit-for-purpose, hybrid cloud strategies that achieve measurable business outcomes.”
Established in 1992 and with headquarters in New York, CS Technology has offices in London, Melbourne and Sydney. The company provides a full suite of strategy to execution services in the domains of data center, cloud, modern workplace and operating models with a mandate to enhance the return on people, process and technology investments. CS Technology currently serves Fortune 2000 clients across numerous sectors including financial services, retail and pharmaceutical, among others. CS Technology also holds strategic ecosystem partnerships with OEMs, data center providers and major cloud providers.
The acquisition of CS Technology adds more than 100 professionals to Accenture with various accreditations in cloud, workplace, project management and engineering. These extensive capabilities complement and extend Accenture’s Cloud First services in support of each client’s growing needs for digital, cloud and data center hosting and hybrid working environments. CS Technology also brings specialized skills that sit at the intersection of business strategy, technology innovation and the mission critical assets that deliver and support those capabilities.
“For nearly 30 years, our CS Technology team has delivered transformative technology strategies and solutions that are married to our clients’ business outcomes, which is a requisite capability in the age of digital,” said John Rosato, chief executive officer of CS Technology. “Joining the Accenture team will collectively elevate our position as trusted advisors to our largest clients. Our deep specialization and experience will be magnified through this acquisition and will enable us to better deliver on our clients’ complex cloud, data center, workplace and operating challenges.”
CS Technology will further enhance the global capabilities of Accenture Cloud First. Powered by 70,000 cloud professionals and a $3 billion investment over the next three years, the Accenture Cloud First group brings together unmatched depth and breadth of cloud expertise, industry cloud solutions, ecosystem partner capabilities and assets that help clients realize greater value from cloud at speed and scale.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. 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. Many of the following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic; 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 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 incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; 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 ability to attract and retain business and employees may depend on its reputation in the marketplace; 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; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; 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; 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.
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