HOUSTON--(BUSINESS WIRE)--Accenture (NYSE:ACN) has entered into an agreement to acquire Cimation, an affiliate of Audubon Companies and an Industrial Internet of Things (IIoT) consulting company known for its work in process automation, information technology (IT) and industrial control system (ICS) cyber security. Together, the companies will provide end-to-end services to transform industrial asset operations and maintenance for oil and gas, pipeline, chemicals, metals and mining companies — from the sensors on field equipment, such as connected oil and gas wells, to boardroom performance reports.
The transaction supports the integration of enterprise IT systems and operational technology (OT) needed by resources industries to capitalize on opportunities such as automation solutions, production optimization, asset analytics and ICS cyber security. As a result, companies can better maintain, operate and optimize their wells, pipelines, refineries, chemical plants and mines.
“Industrial companies are realizing the value of IT-OT convergence to lower costs, increase productivity and improve reliability and safety,” said Peggy Kostial, Senior Managing Director for Accenture’s North America Resources operating group. “Our union with Cimation will expand our digital, management consulting and technology consulting capabilities to help clients achieve their goals of managing their assets more effectively and with greater security. Further, Cimation will bring a complementary client base and an excellent cultural fit with Accenture that includes a deep shared commitment to serving our clients across their industrial value chains.”
Cimation’s approximately 200 people, most of whom are located in the United States and Canada, will join the Accenture Asset and Operations Services group.
Founded in 2009 in Louisiana with executive offices in Houston and Metairie, Cimation has been included on the Inc. 5000 list of America’s fastest growing companies for four consecutive years, where it ranked number 32 in the energy industry and number 31 in Houston in 2015. It was also number 22 on Forbes’ 2013 list of America’s most promising companies and has received numerous recognitions for its fast growth and business performance, including top rankings in lists of the Houston Business Journal and Control Engineering Magazine.
“Cimation is dedicated to providing its clients with the best possible industrial technology solutions, as is Accenture. Accenture’s global consulting practice combined with Cimation’s technical and process expertise will allow us to develop and deliver comprehensive, best-in-class solutions for our clients from strategy and governance to systems integration and remediation,” said Jonathan Klein, Chief Executive Officer, Cimation. “Together, we will apply our deep knowledge of industrial processes and our exceptional OT skills worldwide to improve our clients’ operations thanks to Accenture’s global delivery capabilities and extensive client base. This is a tremendous opportunity for our entire team.”
David Abood, Senior Managing Director, who leads Growth and Strategy for Accenture’s Resources operating group, added: “We’re excited about the Cimation acquisition. It marks an important step in our strategy to move beyond enterprise and back-office services into our clients’ asset and operations technologies and the Industrial Internet of Things.”
Terms of the transaction were not disclosed.
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 358,000 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.
Cimation, an affiliate of Audubon companies, is an operations consulting company delivering secure technology solutions to the global energy and chemicals industries. As a vendor-agnostic firm, Cimation has executed thousands of reliable consulting, system integration and engineering projects that combine automation, industrial IT, enterprise data and ICS cyber security solutions. Armed with diverse project experience, process knowledge and technical expertise, Cimation’s global team improves its clients’ operations by engineering and integrating industrial technology that impacts safety and efficiency. Recent awards include: Inc.5000, Forbes most promising companies, Houston Business Journal (HBJ) Fast Tech 50 and HBJ Fast 100. For more information, visit www.cimation.com.
About Audubon Companies
Audubon Companies is a global provider of EPCM services for the oil & gas, petrochemical, refining, and pipeline markets. Equipped with experience and talent, Audubon Companies’ four affiliates – Audubon Engineering Solutions, Audubon Field Solutions, Cimation, and Affinity – deliver innovative and flexible solutions for repeatable project success -- safely, on-schedule, and within budget. For more information, visit www.auduboncompanies.com.
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many of the company’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; if the company is unable to collect its receivables or unbilled services, the company’s results of operations, financial condition and cash flows could be adversely affected; the company’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company 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. 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