Acquisition will add deep expertise in IoT
engineering and software platform development to Accenture Industry
X.0
Accenture (NYSE: ACN) has entered into an agreement to acquire
Nytec Inc., an award-winning product innovation and engineering
company. Founded in 1975, Nytec is headquartered in Kirkland, WA,
and has a team of 250 professionals.
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Accenture agreed to buy product
innovation and engineering company Nytec which will add deep
expertise in software development and engineering to Accenture
Industry X.0 (© Nytec 2019)
Nytec will become part of Accenture Industry X.0, which offers
capabilities that drive the digital reinvention of industry. This
includes creating new types of products, services and experiences,
and better ways to design, engineer, manufacture, operate and
support them across their entire lifecycle.
Nytec will expand Accenture Industry X.0’s ability to innovate
connected, Internet-of-Things (IoT)-enabled experiences for clients
from idea through to realization — an area in which both Accenture
and Nytec have already demonstrated success. Nytec is Select
Innovation Partner for IoT Equipment Design and Engineering for
Carnival Corporation’s Ocean Medallion™ guest experience
transformation, while Accenture has been named Premier Innovation
Partner for Carnival Corporation’s Global Experience and Innovation
Team.
Nytec will add deep expertise in software platform development
and engineering to Accenture Industry X.0 that is required to build
the underlying IoT infrastructure and systems for connected
experiences, particularly for clients in the consumer tech,
industrial high tech, hospitality, travel, and consumer goods and
services industries.
Nytec operates an end-to-end LEED Platinum certified Product
Innovation Center (PIC) in Kirkland, WA where it offers design,
prototype development, engineering and support services for
manufacturing. Accenture is planning to expand the PIC and bring it
into its network of Forges, which is part of its global Industry
X.0 Innovation Network of more than 20 facilities. The network
combines startup thinking with rapid prototyping, delivery and
ramp-up capabilities to co-develop new products and services with
clients and bring them to market quickly.
“Our ambition is to become a key partner for clients wanting to
transform their business through innovation that is coming from the
fusion of software, physical products and connectivity,” said Craig
McNeil, Accenture Industry X.0 lead, North America. “We’ve been
building the skillset to deliver on this ambition, in part through
our acquisitions of hardware engineering company Mindtribe and
embedded software development firm Pillar Technology, and with
Nytec we will continue to expand it.”
“Our designers, engineers, and manufacturing experts translate
complex problems into compelling, simple solutions that deliver the
ultimate user experience,” said Rich Lerz, CEO of Nytec. “Becoming
part of Accenture Industry X.0 will allow our team to scale
services for our clients and get access to the best brands in the
world.”
Other acquisitions that have strengthened Accenture Industry X.0
include product design and innovation firm Altitude in Boston,
strategic design consultancy designaffairs, and technology
consultancy Zielpuls, both in Munich, Germany.
The transaction is subject to customary closing conditions.
Financial terms were not disclosed.
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 specialized skills across more than 40 industries
and all business functions — underpinned by the world’s 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 492,000 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.
Accenture Industry X.0 helps businesses master the digital
reinvention of industry when they use advanced digital technologies
to transform core operations and unlock new revenue streams and
business models. We support every aspect of our clients’
multi-phase transformation including workforce, customer
experience, R&D, engineering, manufacturing, business support
and ecosystems. Visit
https://www.accenture.com/us-en/services/industryx0-index.
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: Accenture and Nytec will
not be able to close the transaction in the time period
anticipated, or at all, which is dependent on the parties’ ability
to satisfy certain closing conditions; the transaction might not
achieve the anticipated benefits for Accenture; Accenture’s results
of operations could be adversely affected by volatile, negative or
uncertain economic and political conditions and the effects of
these conditions on the company’s clients’ businesses and levels of
business activity; Accenture’s business depends on generating and
maintaining ongoing, profitable client demand for the company’s
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expansion of its services and solutions in response to ongoing
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such demand or an inability to respond to the changing
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skills and resources in balance with client demand around the world
and attract and retain professionals with strong leadership skills,
the company’s business, the utilization rate of the company’s
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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 plc’s most recent annual report on Form 10-K
and other documents filed with or furnished to the U.S. 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
Accenture’s expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20191003005159/en/
Alexander Aizenberg Accenture +1 646 334 9215
alexander.aizenberg@accenture.com
Zoey Farooq Accenture +1 415 537 5413
zoey.farooq@Accenture.com
Jens R. Derksen Accenture +491755761393
jens.derksen@accenture.com
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