AMSTERDAM, August 02, 2022--(BUSINESS WIRE)--Accenture (NYSE: ACN) has agreed to acquire Sentia’s businesses in the Netherlands, Belgium and Bulgaria. With headquarters in the Netherlands, the Sentia group is a leading cloud consulting company that manages private and public cloud migrations and provides digital-experience monitoring services.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220801005819/en/
Accenture has agreed to acquire Sentia’s businesses in the Netherlands, Belgium and Bulgaria. (Photo: Business Wire)
With more than 500 certifications, Sentia’s team of approximately 310 cloud specialists in the Netherlands, Belgium and Bulgaria will join Accenture Cloud First. Terms of the acquisition were not disclosed.
The acquisition expands Accenture’s Cloud First capabilities to provide end-to-end cloud infrastructure services across the cloud continuum of public, private and sovereign clouds. Today’s news arrives as the plethora of cloud options create more complexity for organizations as they navigate different architectures, burgeoning innovations and changing regulations.
"Total enterprise reinvention starts with a solid digital core. To activate this digital core, organizations need to build a scalable, fit-for-purpose cloud foundation that provides the strategic agility they need to ensure their resilience and future competitiveness," said Karthik Narain, global lead for Accenture Cloud First. "Adding Sentia’s specialists will enhance Accenture Cloud First’s migration and modernization services aimed at getting clients’ workloads to their optimal location on the cloud continuum — from public to edge and everything in between."
"With Sentia, we are expanding our strategic infrastructure engineering and emerging technologies capabilities across Europe, especially in the Netherlands and Belgium," said Roy Ikink, lead for Accenture Cloud First Netherlands. "The Sentia team brings valuable experience with sovereign cloud strategies designed to help clients address local regulations and requirements around data privacy, access and control."
Sentia currently provides cloud advisory and delivery services spanning hybrid and multi cloud strategy; cloud transformation; and migration, among others. The company’s main cloud control and optimization services include cloud managed services, cloud security services, and cloud infrastructure migration. Sentia also offers unique digital experience monitoring services that analyze, track and predict enterprise applications and cloud services from an end user’s perspective.
Ian Zein, Sentia’s CEO said, "We’ve built Sentia into a leading managed cloud infrastructure transformation provider known for our ‘extreme ownership,’ customer intimacy and operational excellence in complex (often regulated) environments. Now we can take our deep experience in both public and private cloud transformation to help Accenture clients operate with greater speed and achieve stronger business outcomes at scale."
Note: Sentia’s Danish business is not part of the acquisition and will continue as an independent business under the Sentia brand, supported by Waterland Private Equity as main shareholder. Completion of the acquisition is subject to customary closing conditions, including receipt of applicable regulatory approvals.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
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 risks include, without limitation, risks that: Accenture and Sentia 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 have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions, including the invasion of Ukraine by Russia, the related sanctions and other measures that have been and continue to be imposed in response to this conflict, as well as the current inflationary environment, and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s 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 evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and skills 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 professionals and the company’s results of operations may be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; 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 company’s results of operations could be adversely affected; Accenture’s 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 or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s 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 company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; 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; 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; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; 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 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.
Copyright © 2022 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture. This content is provided for general information purposes and is not intended to be used in place of consultation with our professional advisors. This document refers to marks owned by third parties. All such third-party marks are the property of their respective owners. No sponsorship, endorsement or approval of this content by the owners of such marks is intended, expressed or implied.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220801005819/en/
+31 20 4938383
+1 617 488 7932