Accenture Completes Acquisition of ARZ’s Staff and Business enterprise Belongings
Accenture Completes Acquisition of ARZ’s Staff members and Business enterprise Property
VIENNA and INNSBRUCK, Austria Dec. 1, 2022 – Accenture (NYSE: ACN) has finished its acquisition of the folks and enterprise property of Allgemeines Rechenzentrum GmbH (ARZ), a technologies support company concentrated on the banking sector in Austria. Fiscal conditions of the transaction, formerly announced on June 1, were being not disclosed.
The acquisition of ARZ’s business enterprise abilities expands Accenture’s cloud-centered banking offerings, ranging from main banking expert services to online banking, as well as regulatory products and services for purchasers across Europe. Accenture has also signed a collection of agreements to deliver technologies services to ARZ’s existing prospects.
“The addition of ARZ supports Accenture’s eyesight to acquire an modern cloud-dependent banking-as-service platform, leveraging technologies from IBM, Microsoft and SAP,” mentioned Roland Smertnig, senior taking care of director in Accenture’s money providers observe in Europe. “We will establish a complete centre of excellence in Innsbruck to aid banking institutions go core functions to the cloud, enable new organization designs and reinvent buyer service and experience.”
ARZ’s approximately 600 staff have joined Accenture and will carry on to perform in their present locations in Vienna and Innsbruck.
Ahead-On the lookout Statements
Except for the historical facts and discussions contained herein, statements in this information release could constitute ahead-hunting statements in the indicating of the Private Securities Litigation Reform Act of 1995. Phrases these types of as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and very similar expressions are used to recognize these forward-hunting statements. These statements require a amount of hazards, uncertainties and other variables that could result in precise benefits to differ materially from all those expressed or implied. These threats contain, without the need of limitation, pitfalls that: the transaction may well not achieve the anticipated benefits for Accenture Accenture’s success of functions have been, and could in the potential be, adversely impacted by unstable, destructive or unsure economic and political conditions and the effects of these ailments on the company’s clients’ firms and degrees of enterprise activity Accenture’s enterprise is dependent on creating and maintaining consumer demand from customers for the company’s companies and methods such as as a result of the adaptation and expansion of its services and solutions in reaction to ongoing alterations in engineering and offerings, and a significant reduction in this kind of demand from customers or an inability to reply to the evolving technological environment could materially influence the company’s results of functions if Accenture is not able to match folks and their competencies with client need all over the globe and bring in and keep industry experts with sturdy leadership abilities, the company’s business, the utilization fee of the company’s gurus and the company’s success of operations may well be materially adversely affected Accenture faces authorized, reputational and monetary threats from any failure to protect client and/or enterprise knowledge from security incidents or cyberattacks the marketplaces in which Accenture operates are hugely competitive, and Accenture may not be capable to compete correctly Accenture’s means to draw in and retain company and workforce might depend on its track record in the market Accenture’s environmental, social and governance (ESG) commitments and disclosures might expose it to reputational risks and lawful legal responsibility if Accenture does not correctly control and build its relationships with essential ecosystem partners or fails to anticipate and create new alliances in new systems, the company’s benefits of functions could be adversely affected Accenture’s profitability could materially go through if the corporation is unable to obtain favorable pricing for its solutions and solutions, if the enterprise is not able to continue being competitive, if its charge-management methods are unsuccessful or if it activities shipping inefficiencies or are unsuccessful to fulfill selected agreed-upon targets or unique assistance stages alterations in Accenture’s amount of taxes, as properly as audits, investigations and tax proceedings, or variations in tax legal guidelines or in their interpretation or enforcement, could have a content adverse impact on the company’s efficient tax fee, final results of functions, money flows and fiscal situation Accenture’s effects of operations could be materially adversely afflicted by fluctuations in overseas currency exchange prices changes to accounting specifications or in the estimates and assumptions Accenture makes in relationship with the preparation of its consolidated fiscal statements could adversely influence its economic results as a final result of Accenture’s geographically varied operations and tactic to continue on to improve in important marketplaces all around the globe, the corporation is a lot more inclined to particular hazards if Accenture is not able to control the organizational difficulties connected with its sizing, the corporation may be not able to reach its enterprise objectives Accenture may not be profitable at buying, investing in or integrating corporations, coming into into joint ventures or divesting businesses Accenture’s organization could be materially adversely impacted if the enterprise incurs legal legal responsibility Accenture’s global functions expose the corporation to various and in some cases conflicting authorized and regulatory necessities Accenture’s get the job done with government consumers exposes the business to more challenges inherent in the federal government contracting environment if Accenture is not able to guard or implement its mental house legal rights or if Accenture’s providers or methods infringe on the mental assets legal rights of other folks or the business loses its capacity to use the mental property of other individuals, its small business could be adversely impacted Accenture may perhaps be topic to criticism and detrimental publicity relevant to its incorporation in Ireland as properly as the hazards, uncertainties and other things talked over under the “Risk Factors” heading in Accenture plc’s most recent Once-a-year Report on Form 10-K and other files submitted with or furnished to the Securities and Exchange Commission. Statements in this news release talk only as of the date they have been made, and Accenture undertakes no duty to update any forward-seeking statements built in this information launch or to conform these kinds of statements to actual final results or changes in Accenture’s expectations.
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Accenture Austria
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