Accenture Makes Minority Investment in and Forms Strategic Alliance with Nomis Solutions, a Provider of Pricing and Profitability-Management Solutions to Retail Banks

Strategic alliance and minority investment extend Accenture’s analytics-based pricing capabilities

NEW YORK--()--Accenture (NYSE:ACN) has taken a minority position in and formed a strategic alliance with Nomis Solutions (Nomis), a leading provider of analytics-driven pricing and profitability-management solutions to retail banks.

“As interest rates rise in many countries and retail banks shift to creating more individualized offers for consumers, analytics-based pricing is becoming an increasingly important tool, and Nomis has one of the leading analytics platforms in the market,” said Alan McIntyre, senior managing director and head of Accenture’s global Banking practice. “The ability to understand preferences and price sensitivity and predict customer behavior and relationship value can help banks optimize their pricing at the individual customer level and deliver more personalized offers across a customer’s banking relationship – from savings and deposits to consumer loans and mortgages.”

Under the alliance agreement, Accenture will be the preferred systems integrator for Nomis’ profitability-management solutions, providing implementation and systems integration, business consulting, support and maintenance, and business-process-integration services. The alliance will extend Accenture’s capabilities in the analytics pricing arena and provide Nomis with access to Accenture’s financial services industry expertise and global scale.

Headquartered in Silicon Valley, California, Nomis has been an innovator in price optimization since 2004. Nomis is the solution of choice for seven of the top 25 North American retail banks and continues to grow with over 30 deployments globally. In Q1 2017 alone, nearly a trillion dollars in retail transactions were analyzed, priced and managed through Nomis’ SaaS platform, and more than 10,000 active frontline bankers used it to deliver personalized pricing to their end customers.

Frank Rohde, CEO of Nomis, said: “Effective pricing – both setting it and communicating it – is one of the most powerful levers a bank has to drive value and create a positive customer experience. But doing it well requires deep analytics, scalable technology and real-world experience. With less than 10 percent of retail banks using analytics-based pricing solutions, we are thrilled to team with Accenture to offer our solution to a broader array of banks. Together, we are well-positioned to take advantage of a tremendous market opportunity by combining Nomis’ ability to provide unique, real-time pricing at the customer level, with Accenture’s consulting expertise and track record for seamless systems integration.”

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 approximately 401,000 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.

About Nomis Solutions

Nomis is a fast-growing Fintech software company that combines cutting-edge Silicon Valley approaches to big data, advanced modeling, and deep analytics into the industry-leading price optimization SaaS software platform. We help large and medium-sized retail banks better understand their customers and grow their businesses. We help these banks deliver win-win products and pricing in an environment that is increasingly competitive and highly disruptive. With experience in over 80 implementations, Nomis optimizes nearly $1 trillion in banking transactions annually and returns more than $300 million to its customers every year. To learn more about Nomis, please visit http://www.nomissolutions.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.

Contacts

Accenture
Melissa Volin, +1-267-216-1815
melissa.volin@accenture.com
or
Nomis
Jackie Risley, +1-650-588-9800
Jacqueline.risley@nomissolutions.com

Release Summary

Accenture has taken a minority position in and formed a strategic alliance with Nomis Solutions, a leading provider of analytics-driven pricing and profitability-management solutions to retail banks.

Contacts

Accenture
Melissa Volin, +1-267-216-1815
melissa.volin@accenture.com
or
Nomis
Jackie Risley, +1-650-588-9800
Jacqueline.risley@nomissolutions.com