Accenture Completes Acquisition of ARZ’s Personnel and Company Belongings

Accenture Completes Acquisition of ARZ’s Staff and Company Assets

 
VIENNA and INNSBRUCK, Austria Dec. 1, 2022 – Accenture (NYSE: ACN) has completed its acquisition of the men and women and enterprise property of Allgemeines Rechenzentrum GmbH (ARZ), a technological know-how service service provider focused on the banking sector in Austria.  Financial conditions of the transaction, beforehand announced on June 1, ended up not disclosed.
 
The acquisition of ARZ’s small business abilities expands Accenture’s cloud-based banking offerings, ranging from core banking expert services to on the web banking, as very well as regulatory companies for customers throughout Europe. Accenture has also signed a sequence of agreements to deliver engineering solutions to ARZ’s present consumers.
 

“The addition of ARZ supports Accenture’s vision to develop an modern cloud-dependent banking-as-support platform, leveraging technologies from IBM, Microsoft and SAP,” said Roland Smertnig, senior running director in Accenture’s money providers exercise in Europe.  “We will build a in depth middle of excellence in Innsbruck to enable financial institutions transfer main capabilities to the cloud, enable new small business styles and reinvent purchaser company and practical experience.”
 
ARZ’s roughly 600 workers have joined Accenture and will carry on to work in their present destinations in Vienna and Innsbruck.    
 
Forward-Seeking Statements
Besides for the historic facts and discussions contained herein, statements in this information release might represent forward-hunting statements in the meaning of the Private Securities Litigation Reform Act of 1995. Terms this kind of as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and related expressions are utilized to discover these ahead-looking statements. These statements require a selection of pitfalls, uncertainties and other components that could trigger genuine results to vary materially from those expressed or implied. These dangers include, without the need of limitation, risks that: the transaction might not attain the anticipated positive aspects for Accenture Accenture’s benefits of operations have been, and may well in the future be, adversely impacted by volatile, detrimental or uncertain financial and political problems and the results of these problems on the company’s clients’ companies and amounts of organization action Accenture’s business enterprise relies upon on making and retaining client demand from customers for the company’s solutions and methods like as a result of the adaptation and enlargement of its providers and options in response to ongoing alterations in technologies and offerings, and a sizeable reduction in these desire or an lack of ability to answer to the evolving technological ecosystem could materially influence the company’s success of functions if Accenture is unable to match people today and their competencies with shopper demand from customers all over the earth and attract and retain gurus with potent management capabilities, the company’s enterprise, the utilization level of the company’s pros and the company’s benefits of functions may well be materially adversely afflicted Accenture faces legal, reputational and monetary threats from any failure to defend shopper and/or business facts from protection incidents or cyberattacks the marketplaces in which Accenture operates are remarkably competitive, and Accenture could possibly not be capable to contend proficiently Accenture’s skill to draw in and keep business enterprise and employees might depend on its reputation in the marketplace Accenture’s environmental, social and governance (ESG) commitments and disclosures could expose it to reputational dangers and authorized legal responsibility if Accenture does not properly deal with and develop its interactions with vital ecosystem partners or fails to anticipate and create new alliances in new technologies, the company’s outcomes of functions could be adversely impacted Accenture’s profitability could materially suffer if the firm is not able to attain favorable pricing for its solutions and options, if the company is not able to continue being competitive, if its value-management procedures are unsuccessful or if it experiences supply inefficiencies or are unsuccessful to fulfill specified agreed-upon targets or specific company stages alterations in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or alterations in tax legislation or in their interpretation or enforcement, could have a content adverse effect on the company’s successful tax price, effects of operations, dollars flows and financial ailment Accenture’s effects of functions could be materially adversely afflicted by fluctuations in overseas forex exchange fees changes to accounting criteria or in the estimates and assumptions Accenture will make in link with the preparing of its consolidated fiscal statements could adversely influence its money effects as a consequence of Accenture’s geographically diverse functions and system to continue to increase in critical marketplaces around the earth, the organization is much more vulnerable to specific dangers if Accenture is not able to handle the organizational worries linked with its size, the corporation may well be unable to attain its company objectives Accenture could possibly not be successful at obtaining, investing in or integrating companies, getting into into joint ventures or divesting companies Accenture’s company could be materially adversely affected if the enterprise incurs lawful liability Accenture’s world-wide functions expose the enterprise to a lot of and from time to time conflicting legal and regulatory prerequisites Accenture’s do the job with government consumers exposes the enterprise to added risks inherent in the authorities contracting setting if Accenture is not able to guard or enforce its mental assets rights or if Accenture’s companies or answers infringe upon the mental property legal rights of other people or the corporation loses its ability to benefit from the intellectual house of some others, its organization could be adversely afflicted Accenture might be subject to criticism and unfavorable publicity linked to its incorporation in Eire as perfectly as the threats, uncertainties and other aspects reviewed less than the “Risk Factors” heading in Accenture plc’s most new Annual Report on Form 10-K and other documents submitted with or furnished to the Securities and Exchange Commission. Statements in this information launch discuss only as of the day they were created, and Accenture undertakes no obligation to update any forward-looking statements built in this information release or to conform such statements to precise outcomes or improvements in Accenture’s anticipations.
 
About Accenture 
Accenture is a international qualified providers business with foremost capabilities in digital, cloud and stability. Combining unmatched practical experience and specialized competencies throughout more than 40 industries, we give System and Consulting, Technologies and Operations expert services and Accenture Tune — all powered by the world’s most significant network of Sophisticated Technological innovation and Clever Functions centers. Our 721,000 individuals supply on the promise of technology and human ingenuity every single day, serving clientele in much more than 120 countries. We embrace the electrical power of modify to create price and shared results for our purchasers, folks, shareholders, partners and communities. Pay a visit to us at accenture.com. 
 

# # # 

  
 
Contacts: 
 
Peter Auer
Accenture Austria
+43 676872033142
[email protected]
 
Michael McGinn
Accenture
+1 312 693 5707
[email protected]
 
Copyright © 2022 Accenture. All legal rights reserved. Accenture and its symbol are trademarks of Accenture.