BERLIN--(BUSINESS WIRE)--Accenture (NYSE: ACN) has acquired LEXTA, a consulting firm specialized in IT benchmarking and IT sourcing advisory. Headquartered in Berlin with additional offices in Düsseldorf, London, and Zurich, LEXTA’s team of more than 60 professionals joins Accenture’s Technology Strategy & Advisory group. LEXTA brings a proven track record in technology consulting services helping clients select the right solutions and vendors for their IT strategy. Terms of the transaction were not disclosed.
Founded in 2003, LEXTA supports clients with in-depth insights on the IT provider market, offering detailed analysis and market comparisons of the quality, scope, processes and efficiency of both vendors and IT departments. LEXTA’s benchmarking and advisory services, especially for cloud, platform and application technologies, enable clients to make better, more informed decisions.
“With LEXTA’s comprehensive insights, we can better help our clients define the value of technologies such as cloud or platforms even more precisely. Combining LEXTA’s data-based analysis capability and Accenture’s technology advisory skills, we will further develop our joint IT sourcing and benchmarking advisory offering to ultimately realize new value for our clients,” said Frédéric Brunier, Accenture lead for Technology Strategy & Advisory Germany, Austria, Switzerland and Russia.
Working with clients across industries including utilities, logistics and manufacturing, LEXTA creates client value by increasing efficiency and effectiveness of their business and enabling clients to focus on their core operations. LEXTA’s capabilities complement Accenture’s ZBx agenda, which extends the traditional zero-based budgeting (ZBB) approach to align priorities across the organization, identify cost-saving opportunities and reinvest freed-up funds in technology-enabled business transformation.
Frank Riemensperger, market unit lead for Austria, Switzerland, Germany and Russia, added: “With this acquisition, we are expanding our team of highly skilled professionals who can help shape our clients’ transformational journey. LEXTA and Accenture will join forces to give precise insights in the IT provider market and help organizations make better IT strategy decisions. I am delighted to welcome the LEXTA team on board.”
“Accenture’s global reach and digital expertise will enable us to take our IT advisory offerings to a larger client base across geographies. We are excited to join Accenture’s Technology Strategy & Advisory group and support our clients together on their data and tech driven journeys,” said Frank Baumann, founder and managing partner of LEXTA.
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.
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.
Copyright © 2021 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.