Accenture will acquire ALBERT after completing the takeover bid

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.

About Accenture

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 .

forward-looking statements

Except for historical information and discussions herein, statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will” , “should”, “probable”, “anticipates”, “expects”, “intends”, “plans”, “projects”, “believes”, “estimates”, “positions”, “perspective” 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, among others, the risks that: Accenture and ALBERT will not may close the transaction in the anticipated time period, or at all, depending on the ability of the parties to meet certain closing conditions; the transaction may not achieve the anticipated benefits to A centure; Accenture’s results of operations have been, and may be adversely affected in the future by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the business and levels of business activity of the company’s clients; Accenture’s business depends on generating and maintaining customer demand for the company’s services and solutions, including through adapting and expanding its services and solutions in response to continuous changes in technology and offerings, and a reduction Significant change in such demand or the 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 their skills to client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of company professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks arising from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are very competitive and Accenture may not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; Accenture’s environmental, social and governance (ESG) commitments and disclosures may expose it to reputational and liability risks; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or does not anticipate and establish new alliances in new technologies, the company’s results of operations could be negatively affected; Accenture’s profitability could suffer significantly if the company is unable to obtain favorable prices 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 does not meet with certain agreements. about specific objectives or levels of service; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or their interpretation or application, could have a material adverse effect on the effective tax rate, results of operations, cash flows and the financial situation of the company. condition; Accenture’s results of operations could be adversely affected by fluctuations in foreign currency exchange rates; changes in 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; As a result of the geographic diversity of Accenture’s operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture cannot handle the organizational challenges associated with its size, the company may not be able to achieve its business objectives; Accenture may not be successful in acquiring, investing in, or integrating businesses, creating joint ventures, or selling businesses; Accenture’s business could be adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous, 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 the intellectual property rights of others or the company loses its ability to use the intellectual property of others, your business could be adversely affected; Accenture may be subject to criticism and negative publicity in connection with its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the heading “Risk Factors” 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 press release speak only as of the date made, and Accenture does not undertake any obligation to update forward-looking statements made in this press release or to adjust such statements to actual results or changes in business expectations. Accenture.

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contacts:

Jens Derksen
Accenture Applied Intelligence
+49 175 57 61393
[email protected]

kentaro kanda
Accenture Japan
+81 45 330 7157
[email protected]

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