Accenture, is going to buy Partners in Performance, which is also a company but smaller. Partners in Performance helps other businesses, especially those with lots of assets like mines or oil rigs, to do better using data and AI. They’re based in Australia but work worldwide. We don’t know exactly how much Accenture is paying for them.
When this deal happens, Accenture will be able to offer even better services to their clients in industries like mining and oil. They’ll help these companies save money, get projects done faster, and even switch to cleaner energy. A person named Muqsit Ashraf from Accenture says this deal will help them give better advice and do more things using data and AI. All of Partners in Performance’s employees, around 400 of them, will now work for Accenture.
Key Points:
- Partners in Performance Acquisition: Accenture, a publicly traded company listed as ACN on the New York Stock Exchange, is acquiring Partners in Performance, an Australian consulting firm. Partners in Performance specializes in improving business performance in industries with heavy assets, such as mining and oil, by using data and AI technologies.
- Deal Terms: The exact financial details of the acquisition have not been disclosed, meaning the specific amount Accenture is paying to acquire Partners in Performance is not publicly known.
- Strengthening Accenture’s Offering: By integrating Partners in Performance into Accenture’s portfolio, the company aims to enhance its services to clients in asset-intensive industries. This includes sectors like metals, mining, and oil and gas. The acquisition will enable Accenture to provide additional support in areas such as cost reduction, productivity improvement, project management, and transitioning to sustainable energy solutions.
- Strategic Advisory and Execution Capabilities: Muqsit Ashraf, who heads Accenture Strategy, highlights that the acquisition will bolster Accenture’s strategic advisory and execution capabilities. This enhancement will be driven by leveraging data and AI technologies to assist clients in improving both business performance and sustainability initiatives across existing operations and new capital programs.
- Employee Integration: Upon completion of the acquisition, approximately 400 employees of Partners in Performance will join Accenture Strategy. This integration of talent will further strengthen Accenture’s expertise in providing consulting services to asset-intensive industries, leveraging data-driven insights and AI solutions.
About Accenture
Accenture as a leading global professional services company, is dedicated to assisting the world’s foremost businesses, governments, and organizations in constructing their digital core, refining their operations, accelerating revenue growth, and enhancing citizen services. The company is characterized by its emphasis on talent and innovation, boasting a workforce of approximately 743,000 individuals serving clients across more than 120 countries. In the contemporary landscape where technology drives significant change, Accenture stands out as one of the foremost leaders facilitating this transformation, fortified by robust ecosystem relationships.
The company’s prowess lies in its fusion of technology expertise with leadership in cloud computing, data analytics, and artificial intelligence, complemented by extensive industry experience, functional proficiency, and global delivery capability. Accenture’s comprehensive suite of services, solutions, and assets spanning Strategy & Consulting, Technology, Operations, Industry X, and Song underscores its unique ability to generate tangible outcomes. This capability, coupled with a culture rooted in shared success and a dedication to fostering 360° value, positions Accenture to aid clients in reinventing themselves and forging enduring, trusted relationships.
Accenture gauges its success by the 360° value it engenders for clients, employees, shareholders, partners, and communities alike.
About Partners in Performance
Partners in Performance (PIP) is a management consulting firm that focuses on driving high performance for its clients. Here are some key points about PIP:
- Purpose and Approach:
- PIP partners with clients to unleash their potential and achieve operational excellence.
- They draw out people’s potential, coach them, and empower them to achieve results beyond what they thought possible.
- True transformation happens when individuals and organizations reach further.
- Founding Story:
- Founded by Skipp Williamson in 1996 after her experience at McKinsey & Company.
- Skipp wanted to go beyond smart strategies and create a consultancy committed to high performance across all levels of organizations.
- PIP delivers measurable value and lasting impact through genuine partnership with clients.
- Global Presence:
- PIP’s 600-person team, led by 40 Directors, operates across five regions: Latin America, North America, Europe, Africa, and Australasia.
- They pride themselves on staying ahead of the game, proactively seeking opportunities for improvement, innovation, and growth.
- Values:
- Commitment and Partnership: PIP sticks with clients through challenges, working together for the long haul.
- Simplicity and Velocity: They focus on practical solutions and continuous improvement.
Summary
