Accenture Acquires DAZ Systems, Inc. to Strengthen Its Oracle Cloud ERP Services, Expand Capabilities to Help Clients Become Intelligent Enterprises

Accenture (NYSE:ACN) has acquired DAZ Systems, Inc., a provider of Oracle ERP Cloud services with broad experience and assets that help organizations deploy and integrate enterprise performance management and human capital management applications. The acquisition further bolsters Accentures robust Oracle capabilities and delivers new value for clients on their journeys to the cloud.

DAZ has extensive experience implementing Oracle Cloud solutions, which complements Accentures established credentials across the Oracle Cloud portfolio, said Bhaskar Ghosh, group chief executive, Accenture Technology Services. Organizations demand proven expertise, as well as new innovative solutions and methods to help them transform their businesses. DAZ will help us continue to deliver the very best thinking and capabilities to our clients.

DAZs more than 300 professionals will join Accentures Oracle Business Group. Together, Accenture and DAZ combine deep domain knowledge and broad industry expertise to help clients unlock even greater value.

At Accenture, we continually look for new ways to empower our clients to embrace the power of digital technologies to improve their businesses, said Annette Rippert, senior managing director, Accenture Technology “ North America. DAZ is a valued Oracle partner and brings an impressive track record and top talent that will help drive significant results for our clients.

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DAZ CEO Walt Zipperman added, DAZs mission is to help organizations implement mission-critical business systems by bringing a contemporary perspective and experience-driven insights. Joining Accenture is an incredible opportunity to advance this goal by combining our strengths with Accentures in depth capabilities and global scale. Together, well be able to deliver substantial value for clients around the world.

Headquartered in El Segundo, California, DAZ was founded in 1995. It is one of the top Platinum-level partners in Oracles PartnerNetwork, having delivered more than 500 successful Oracle implementations to-date. DAZ is Oracle ERP Cloud and HCM Cloud certified and was named Oracles Cloud Partner of the Year in 2015, 2016, and 2017.

The addition of DAZ builds on Accentures recent acquisition of Certus Solutions, a UK-based Oracle Cloud implementation provider, adding to its growing capabilities in delivering digital transformation on Oracle Cloud.

Accenture has been one of Oracles leading systems integration partners globally 12 years in a row, with more than 54,000 Oracle-skilled consultants around the world who help accelerate digital transformation by implementing Oracle-based business solutions and new business processes that develop and evolve as their digital business grows. Accenture has teamed with Oracle for more than 25 years and is a Global Cloud Elite and Platinum level member of the Oracle PartnerNetwork. Accenture is also certified as an Oracle Cloud Excellence Implementer. For more information on the Accenture and Oracle relationship, please visit www.accenture.com/oracle.

Financial terms of the acquisition were not disclosed.

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 worlds 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 459,000 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.

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; Accentures results of operations could be adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the companys clients businesses and levels of business activity; Accentures business depends on generating and maintaining ongoing, profitable client demand for the companys 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 companys 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 companys business, the utilization rate of the companys professionals and the companys results of operations may be materially adversely affected; Accenture could have liability or Accentures reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accentures 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 Accentures 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 companys effective tax rate, results of operations, cash flows and financial condition; Accentures results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accentures business could be materially adversely affected if the company incurs legal liability; Accentures 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; Accentures global delivery capability is concentrated in India and the Philippines, which may expose it to operational risks; as a result of Accentures geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to Accentures relationships with key alliance partners or in the business of its key alliance partners could adversely affect the companys results of operations; if Accenture is unable to protect its intellectual property rights or if Accentures 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; Accentures 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 Accentures 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 companys revenues and impact its margins; Accentures results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; 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 plcs 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 Accentures expectations.

Accenture
Hannah Unkefer, +1 206-839-2172
[email protected]

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