Accenture (NYSE:ACN) has acquired Realworld OO Systems B.V., a Netherlands-based division of Realworld Holding B.V. that specializes in geographic information system (GIS) solutions. These solutions help utilities digitize and optimize their electricity, water and natural gas networks. The transaction will expand Accenture's end-to-end portfolio of smart grid services and accelerate its plans to grow digital consulting services in Europe. By adding GIS services, Accenture will be able to further help clients with integrating information and operations technologies. In an area which is increasingly important for utilities, GIS is fundamental in automation, sensors and the integration of information technology and operational technology. It enables the exchange of data between GIS, operations and enterprise resource planning systems. "Our already leading Accenture Smart Grid Services business is now even better positioned to help clients to optimize and manage digital assets and intelligent grid operations," said Stephanie Jamison, global managing director, Accenture Smart Grid Services. "Realworld OO Systems brings new skills and capabilities to Accenture's end-to-end smart grid services portfolio with talented professionals who have invested years in mastering geographic information system solutions for utilities." Accenture's robust international presence at most large utilities companies, provides Realworld OO Systems an opportunity to immediately expand its business in Europe, while providing employees new technology or industry consulting career paths. "Our people have an outstanding role to play by combining the deep GIS knowledge of Realworld OO Systems with Accenture's smart grid services. This will support our clients' digital transformation with the latest technologies and services," said Frank van Ham, chief technology officer, Realworld OO Systems. "Together we will benefit from our organizations' strong client overlap and our past experience of working on joint projects to quickly ramp up our long-held goal of growing beyond the Netherlands." Founded in 1994 and based in Culemborg, the Netherlands, Realworld OO Systems collaborates with several leading GIS platform and software providers. They are ISO (International Organization for Standardization) certified and have extensive experience in ICT (Information and Communications Technology) and GIS.
About AccentureAccenture 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 approximately 384,000 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. 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. 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the markets in which the company competes are highly competitive, and the company might not be able to compete effectively; the company could have liability or the company's reputation could be damaged if the company fails to protect client and/or company data or information systems as obligated by law or contract or if the company's information systems are breached; the company's results of operations and ability to grow could be materially negatively affected if the company cannot adapt and expand its services and solutions in response to ongoing changes in technology and offerings by new entrants; the company's results of operations could materially suffer if the company is not able to obtain sufficient pricing to enable it to meet its profitability expectations; if the company does not accurately anticipate the cost, risk and complexity of performing its work or if the third parties upon whom it relies do not meet their commitments, then the company's contracts could have delivery inefficiencies and be less profitable than expected or unprofitable; the company's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company's profitability could suffer if its cost-management strategies are unsuccessful, and the company may not be able to improve its profitability through improvements to cost-management to the degree it has done in the past; the company's business could be materially adversely affected if the company incurs legal liability; the company's work with government clients exposes the company to additional risks inherent in the government contracting environment; the company might not be successful at identifying, acquiring or integrating businesses, entering into joint ventures or divesting businesses; the company's Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; changes in the company's level of taxes, as well as audits, investigations and tax proceedings, or changes in the company's treatment as an Irish company, could have a material adverse effect on the company's results of operations and financial condition; as a result of the company's geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to the company's relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company's results of operations; the company's services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company's ability to attract and retain business and employees may depend on its reputation in the marketplace; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of the company's contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company's revenues and impact its margins; if the company is unable to collect its receivables or unbilled services, the company's results of operations, financial condition and cash flows could be adversely affected; the company's results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company 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. 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