Accenture (NYSE: ACN) has acquired Enaxis Consulting, a Houston-based management consulting firm with deep experience in digital capabilities, data science and agile project delivery focused on the upstream oil and gas and oilfield services sectors and the airline industry. Enaxis advisory services enable clients to transform their organizations, improve operational efficiency and drive innovation.
Enaxis serves Fortune 100 and Fortune 500 companies and regularly consults with chief information officers, chief technology officers, chief digital officers and other company leaders on the design and agile implementation of emerging digital technologies and business operating models. Clients draw upon Enaxis deep experience in organizational change management and its expertise in selecting and adopting digital products and advanced analytics with emerging capabilities in robotic process automation and the internet of things technologies.
Were delighted to join forces with this very talented Enaxis team, which will advance our plans for growing our oil and gas business in North America by helping clients with end-to-end transformation services, said John Downie, a senior managing director at Accenture who leads its Energy practice in North America. We look forward to building on targeted business services for core oil and gas areas including drilling and completions, production operations and asset portfolio optimization.
Enaxis employees undergo digital core training, and many are certified in programs including Agile SAFE, scrum master and digital product adoption.
Dhiren Shethia, co-founder and a managing partner of Enaxis, said, We are very excited about teaming up with Accenture, which is a strong strategic fit and will help clients achieve game-changing digital transformations on a larger scale. Our combination also paves the way for our employees to realize exciting new career paths in digital technology and industry consulting while gaining access to Accentures services in strategy, consulting, digital, technology and operations.
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Jonas Georgsson, co-founder and a managing partner of Enaxis, added, Our core strength is our people, and we believe we can achieve outstanding synergies together with the Accenture team in the marketplace.
Enaxis is recognized as a leading Houston employer and collaborator on innovation. For the past five years, it has been named to the Houston Chronicles Top Work Places. It also sponsors the Enaxis Leadership Forum, an invitation-only event for C-suite executives, futurists and academia to exchange ideas on implementing effective digital capabilities, artificial intelligence, automation and future workforce readiness.
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.
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 face legal, reputational and financial risks 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; 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 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; Accentures results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; as a result of Accentures geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; 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; 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 companys results of operations could be adversely affected; Accentures ability to attract and retain business and employees may depend on its reputation in the marketplace; 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 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; 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; 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.
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