Accenture Acquires PrimeQ, Further Strengthening its Digital Transformation Capabilities on Oracle Cloud

Accenture (NYSE: ACN) has acquired PrimeQ, one of Australias and New Zealands top Oracle Software as a Service (SaaS) Cloud implementation service providers. With the addition of PrimeQ, Accenture is now the largest Oracle Cloud systems integrator in the region. The acquisition bolsters Accentures leading Oracle capabilities and helps deliver new value to clients by accelerating their digital transformation through Oracle Cloud.

PrimeQ is the pre-eminent provider of Oracle Cloud in the government, health and public services industries, and also serves clients in the retail, consumer goods and financial services sectors. Together, Accenture and PrimeQ can deliver deep Oracle cloud experience, transformational capabilities and broad industry knowledge to help enable clients to unlock even greater value on their journeys to cloud.

PrimeQ has extensive experience implementing Oracle SaaS Cloud solutions, which complements Accentures established credentials across the Oracle Cloud portfolio, said James Madigan, who leads Accentures Oracle business in Australia and New Zealand. They are a highly valued Oracle ecosystem partner, bringing an impressive track record and top talent that will help drive significant results for our clients.

Headquartered in Adelaide, Australia, PrimeQ was founded in 2016 and has since rapidly built extensive capability in Oracle SaaS Cloud enterprise resource planning and is specialised in areas including transportation management, warehouse management and CRM. PrimeQ has been awarded Oracle Specialised Partner of the Year awards for ERP Cloud “ Australia and New Zealand in 2017 and 2018, ERP Cloud “ Asia-Pacific in 2017 and SCM Cloud “ Asia-Pacific in 2018.

PrimeQ is very pleased to join Accenture as it will help create good outcomes for our customers, our people and our shareholders, said PrimeQ CEO, Andrew McAdams. Together, Accenture and PrimeQ will provide our clients with unrivalled Oracle services and enable them to accelerate their digital transformation.

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The addition of PrimeQ builds on Accentures recent acquisition of DAZ Systems in the USA and Certus Solutions in the UK, adding to its growing global 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 implement Oracle-based business solutions and new business processes for clients 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.

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 specialised 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 utilisation 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 organisational 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 utilise 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.

Copyright  2018 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

Georgia Hewett
Accenture
+61 417 699 567
[email protected]