Accenture will acquire ALBERT after completing the takeover bid
The acquisition will strengthen Accenture’s ability to help clients reinvent the business with data and artificial intelligence (AI) and contribute to the growth and competitiveness of Japanese companies.
TOKYO; November 15, 2022: Accenture (NSE: ACN) to acquire Japanese data science company Albert Inc. (President and CEO: Tokyo Stock Exchange Growth Market, Securities Code: 3906), after completing a public offering. The acquisition will add a large team of data scientists to Accenture to further strengthen its data and AI capabilities for clients.
The takeover bid was launched on September 29 and closed on November 14. The number of ALBERT common shares and stock rights offered to Accenture significantly exceeds the threshold required for ALBERT to become part of Accenture, equal to two-thirds of ALBERT’s shares. Upon completion of the transaction, ALBERT will become part of Accenture. Accenture expects to purchase all remaining shares and share vesting rights in the coming months, after which ALBERT will be delisted from the Tokyo Stock Exchange.
ALBERT provides AI and big data analytics, AI-based algorithm development, AI implementation consulting, and data science training support services, primarily to major corporations in Japan. The company was founded in 2005 and was listed on the Tokyo Stock Exchange in 2015. Its data science team of 250 permanent employees and contractors will join Accenture Applied Intelligence Practice, which provides transformation solutions and services based on data and artificial intelligence.
ALBERT will strengthen Accenture’s ability globally to help clients manage the total reinvention of their businesses that the most successful companies will experience in the next decade. Technology, data and AI will transform every part of your business, enabling new ways of working and engaging with customers, business models and growth opportunities.
The acquisition will be Accenture’s latest step to further strengthen its services in Japan that use data to digitally replicate the entire enterprise and help Japanese companies grow and be more competitive with deep data analytics and AI expertise. Accenture has launched several data-driven management solutions in Japan recently, for example, to forecast various business scenarios and propose actions to improve forecasts, and to support clients’ ESG (environment, society and governance) practices.
Atsushi Egawa, who heads Accenture’s Japan business, said: “Businesses today need a 360-degree view of their business to make better, faster decisions. They need to look beyond finance to include, for example, sustainability initiatives, customer experiences, and people development and retraining. Gaining this holistic perspective and being able to simulate all aspects of the business requires deep expertise in data science and AI capabilities. Accenture and the ALBERT team will take them to clients to help them succeed in the total reinvention of their company.”
Takeshi Matsumoto, President and CEO of ALBERT, said: “ALBERT’s philosophy is to connect the world with data science and co-create new value for a better future. As leading companies in all industries invest heavily in AI, we are seeing increasing demand for the technologies and skills that are at the core of our business. By joining Accenture, which excels at addressing its clients’ most complex problems and opportunities, our team can drive even more value for clients and accelerate the implementation of AI in society.”
ALBERT will follow other acquisitions Accenture has made to strengthen its data and artificial intelligence capabilities for clients around the world. These include Analytics8 in Australia; sentelis in France; bridgei2i Y Byte prophecy in India; pragsis bidoop in Spain; Gentlemen in the United Kingdom; Y Clarity Perspectives, End-to-end analytics Y core competence In the USA.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills in more than 40 industries, we offer strategy and consulting, technology and operations, and Accenture Song services, all powered by the world’s largest network of advanced technology and intelligent operations centers. Our 721,000 people deliver the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, people, shareholders, partners and communities. visit us in accent.com .
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