Accenture Acquires N3
Implied Enterprise Value (€m) : Undisclosed
- On September 22, 2020, Accenture (NYSE: ACN) announced its acquisition of N3, an Atlanta-based IT firm that provides technology-based inside sales services (customer success, digital demand generation, pipeline management) and consulting services (marketing automation, global sales platform integrations, cloud migration deployment)
- The acquisition adds approximately 2,200 employees to Accenture, while N3’s unique cloud and AI/ML-based sales platform can combine with Accenture’s SynOps platform to drive sales growth even further through more efficient customer interactions and sales conversations
Accenture’s Continued Investment and Expansion through M&A During COVID-19
- Accenture’s growth strategy is heavily reliant on inorganic growth and has always focused on constantly building out and expanding its digital capabilities, a strategy that has paid off during COVID-19
- Of its 19 transactions so far in 2020, 12 have come since the global shutdowns and WFH mandates back in mid-March, showing that the increased need for digital connectivity and capabilities in a remote work environment is resulting in robust M&A activity within the digital transformation space, despite general uncertainties and fear of economic impact driven by COVID-19
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