GLATTBRUGG, Switzerland – (COMMERCIAL THREAD) – Accenture (NYSE: ACN) has entered into an agreement to acquire Trivadis AG, an IT services provider specializing in platforms and solutions for highly automated provisioning and innovative use of data. The Trivadis team, made up of more than 710 professionals in Switzerland, Germany, Austria, Denmark and Romania, will join the Accenture Data & AI team within the Accenture Cloud first group. Financial terms of the acquisition were not disclosed.
Headquartered in Glattbrugg, Switzerland, Trivadis uses a suite of accelerators and proprietary assets to help companies advance the lifecycle of their data platforms, automate operational tasks in databases, develop warehouse solutions and accelerate migrations to the cloud. Trivadis works with its clients to improve their data control, drive data modernization journeys in the cloud and provide actionable information. Trivadis also helps companies refine their business models and use new capabilities such as automation, AI, and cloud services to build a strategic foundation that derives the most value from data.
“The value of data depends on its accessibility and application. The cloud is the only place where data gains scalability, agility, and power to drive reinvention so businesses can take flight. Data is the vital source of business value today. However, the power of the data can be limited if it is locked into existing on-premises platforms, ”said Karthik Narain, Global Head of Accenture Cloud First. “The acquisition of Trivadis will strengthen our ability to help clients combine data from different sources in real time, create agile reports and leverage analytics and AI to create widely accessible insights on the customers, the market and the operations that produce significant business results. ”
“Data is fundamental to the development of any business today and has been part of Trivadis’ DNA from the start,” said Gerald Klump, Co-CEO of Trivadis. “We are delighted to join Accenture and extend our value proposition to a broader customer base. ”
Ana Campos, Co-CEO of Trivadis, added: “Together we will create great opportunities for our employees to grow and become the partner of choice for businesses to harness the power of data in the cloud.
Frank Riemensperger, Head of Market Unit for Accenture in Germany, Austria, Switzerland and Russia, said: “The fact that the talented Trivadis team is joining Accenture will strengthen our data on cloud capabilities with a strong emphasis on engineering. Combining these specific technological skills with expertise in business strategy and Accenture’s global network, will enable our end-to-end data and analytics offering to evolve and reinforce cloud and data reinvention strategies. from Accenture.
Founded in 1994, Trivadis has worked with clients from various industries including the public sector, automotive and life sciences. Trivadis has been recognized by the leading Swiss business weekly Handelszeitung as one of the best employers in its category “Internet, telecommunications and IT” for 2021.
Completion of the acquisition is subject to customary closing conditions.
Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialized skills in more than 40 industries, we offer strategy and advisory, interactive, technological and operational services, all powered by the world’s largest network of advanced technology and intelligent operations centers. Our 569,000 employees deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, employees, shareholders, partners and communities. Visit us at www.accenture.com.
Except for historical information and discussions contained herein, statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may”, ” will be ”,“ should ”,“ probable ”,“ anticipates ”,“ expects ”,“ intends ”,“ anticipates ”,“ 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 risks, uncertainties and other factors identified below are and will be magnified by the COVID-19 pandemic. These risks include, but are not limited to, the risks that: Accenture and Trivadis may not be able to close the transaction within the expected time frame, or not at all, which depends on the ability of the parties to meet certain closing conditions ; the transaction may not generate the expected profits for Accenture; Accenture’s operating results were significantly affected and could in the future be significantly affected by the COVID-19 pandemic; Accenture’s operating results have been, and may in the future, be affected by volatile, negative or uncertain economic and political conditions and the effects of such conditions on the businesses and activity levels of the Company’s customers. society ; Accenture’s business depends on generating and sustaining a continuous and profitable customer demand for the company’s services and solutions, including by adapting and expanding its services and solutions in response to continuous change. technology and offerings, and a significant reduction in this demand or an inability to respond to the changing technological environment could have a material impact on the Company’s operating results; if Accenture is unable to keep its supply of skills and resources in balance with the demand of customers around the world and to attract and retain professionals with strong leadership skills, the business of the company, the rate of utilization of the company’s professionals and the company’s operating results may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect customer and / or company data from security incidents or cyber attacks; the markets in which Accenture operates are highly competitive and Accenture may not be able to compete effectively; Accenture’s profitability could suffer significantly if the company is not able to obtain favorable prices for its services and solutions, if the company is not able to remain competitive, if its management strategies costs fail or if it experiences delivery inefficiencies or fails to meet certain agreements on specific targets or service levels; changes in Accenture’s tax level, as well as tax audits, investigations and procedures, or changes in tax laws or their interpretation or application, could have a material adverse effect on the tax rate company workforce, operating results, cash flows and statements; Accenture’s ability to attract and retain businesses and employees may depend on its reputation in the market; due to Accenture’s geographically diversified operations and its growth strategy to continue expanding in key markets around the world, the company is more exposed to certain risks; Accenture’s business could be seriously affected if the company assumes legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the public procurement environment; Accenture’s operating results could be significantly affected by fluctuations in foreign exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the business may not be able to meet its business goals; If Accenture fails to manage and develop relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s operating results could be adversely affected. negative; Accenture may not be successful in acquiring, investing or integrating businesses, creating joint ventures or disposing of businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe the intellectual property rights of others or if the company loses its ability to use intellectual property others, their activity could be affected; Accenture’s operating results and share price could be affected if it were not able to maintain effective internal controls; changes in accounting standards or in the estimates and assumptions made by Accenture in the preparation of its consolidated financial statements could adversely affect its financial results; Accenture may not be able to access additional capital on favorable terms or at all and if the company raises equity capital it may dilute its shareholders’ stake in the company; Accenture may be subject to criticism and negative publicity relating to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under “Risk Factors” in Accenture plc’s most recent annual report on Form 10-K and other documents filed or provided to the Securities and Exchange Commission. Statements in this press release speak only as of the date on which they are made, and Accenture assumes no obligation to update any forward-looking statements made in this press release or to conform such statements to results. realities or changes in Accenture’s expectations.
Copyright © 2021 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.