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Accenture Acquires Advocate, Expanding Technology Business Management Capabilities

Jun 06, 2022•over 3 years ago

Acquiring Company

Accenture

Acquired Company

Advocate

DublinInformation Technology

Description

Accenture (NYSE: ACN) has acquired Advocate Networks, LLC, a leading technology consultancy and managed services provider of Technology Business Management (TBM) solutions that help organizations create business value, achieve cost savings and modernize their technology platforms. Terms of the transaction were not disclosed.

Company Information

Company

Accenture

Location

Dublin, Dublin, Ireland

About

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed