From Wikipedia, the free encyclopedia
Accenture PLC is a global management consulting and professional services company that provides strategy, consulting, digital, technology and operations services. A Fortune Global 500 company,[6] it has been incorporated in Dublin, Ireland, since 1 September 2009. In 2016, the company reported net revenues of $32.9 billion,[4] with more than 394,000 employees[7] serving clients in more than 200 cities in 120 countries.[8] In 2015, the company had about 130,000 employees in India, about 48,000 in the US,[9] and about 50,000 in the Philippines.[10] Accenture's current clients include 94 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500.[11]
Accenture common equity is listed on the New York Stock Exchange, under the symbol ACN, and was added to the S&P 500 index on 5 July 2011. In 2016, Fortune magazine named it as the world's most admired Information Technology Services company.[12]
Contents
1 History
1.1 Formation and early years
1.2 Splitting from Arthur Andersen
1.3 Emergence of Accenture
1.4 Bermuda headquarters
1.5 Ireland headquarters
2 Services and operations
3 Marketing, branding and identity
4 Awards
5 See also
6 References
7 External links
History
Formation and early years
Accenture began as the business and technology consulting division of accounting firm Arthur Andersen[13] in the early 1950s when it conducted a feasibility study for General Electric to install a computer at Appliance Park in Louisville, Kentucky,[14] which led to GE's installation of a UNIVAC I computer and printer,[15] believed to be the first commercial use of a computer in the U.S.[16]Joseph Glickauf, an early pioneer of computer consulting, held a position as head of Arthur Andersen's administrative services division.[14]
Splitting from Arthur Andersen
In 1989, Arthur Andersen and Andersen Consulting became separate units of Andersen Worldwide Socit Cooprative (AWSC).
Throughout the 1990s, there was increasing tension between Andersen Consulting and Arthur Andersen. Andersen Consulting was paying Arthur Andersen up to 15% of its profits each year (a provision of the 1989 split was that the more profitable unit - whether AA or AC - pay the other the 15 percent ), while at the same time Arthur Andersen was competing with Andersen Consulting through its own newly established business consulting service line called Arthur Andersen Business Consulting (AABC). This dispute came to a head in 1998 when Andersen Consulting claimed breach of contract against AWSC and Arthur Andersen. Andersen Consulting put the 15% transfer payment for that year and future years into escrow and issued a claim for breach of contract. In August 2000, as a result of the conclusion of arbitration with the International Chamber of Commerce, Andersen Consulting broke all contractual ties with AWSC and Arthur Andersen. As part of the arbitration settlement, Andersen Consulting paid the sum held in escrow (then $1.2billion) to Arthur Andersen, and was required to change its name, resulting in the entity being renamed Accenture.[17]
Emergence of Accenture
On 1 January 2001, Andersen Consulting adopted its current name, "Accenture". The word "Accenture" is supposedly derived from "Accent of the future". The name "Accenture" was submitted by Kim Petersen, a Danish employee from the company's Oslo, Norway office, as a result of an internal competition. Accenture felt that the name should represent its will to be a global consulting leader and high performer, and also intended that the name should not be offensive in any country in which Accenture operates.[18]
Accenture's banner hanging on the New York Stock Exchange (NYSE) building for its initial public offering on July 19, 2001.
On 19 July 2001, Accenture's initial public offering (IPO) was priced at $14.50 per share, and the shares began trading on the New York Stock Exchange (NYSE); Goldman Sachs and Morgan Stanley served as its lead underwriters. Accenture stock closed the day at $15.17, with the day's high at $15.25. On the first day of the IPO, Accenture raised nearly $1.7billion.[19]
Bermuda headquarters
In October 2002, the Congressional General Accounting Office (GAO) identified Accenture as one of four publicly traded federal contractors that were incorporated in a tax haven country.[20] The other three, unlike Accenture, were incorporated in the United States before they re-incorporated in a tax haven country, thereby lowering their US taxes. Critics, most notably former CNN journalist Lou Dobbs,[21] have reported Accenture's decision to incorporate in Bermuda as a US tax avoidance ploy, because they viewed Accenture as having been a US-based company.[22] The GAO itself did not characterize Accenture as having been a US-based company; it stated that "prior to incorporating in Bermuda, Accenture was operating as a series of related partnerships and corporations under the control of its partners through the mechanism of contracts with a Swiss coordinating entity."
Accenture engaged in a very large and ambitious IT overhaul project for the National Health Service (NHS) in 2003, making headlines when it withdrew from the contract in 2006 over disputes related to delays and cost overruns.[23] The government of the United Kingdom ultimately abandoned the project 5 years later for the same reasons.[24]
Ireland headquarters
Accenture announced on 26 May 2009 that its Board of Directors unanimously approved changing the company's place of incorporation to Ireland from Bermuda and would become Accenture plc.[25]
Accenture was chosen to replace CGI Group as the lead contractor for HealthCare.gov in January 2014.[26] In December 2014, Accenture won a $563 million contract to provide ongoing maintenance, software development and technology support for HealthCare.gov through 2019.[27]
In July 2015 the United States Department of Defense awarded a major Electronic Health Records contract to Cerner, Leidos and Accenture. The contract valued $4.33 billion will serve 55 hospitals and 600 clinics. Accenture federal services and Leidos will play the role of configuration specialist while Cerner is the prime contractor.[28]
Services and operations
A worldmap showing the countries where Accenture has operations as of 2016
Accenture Strategy provides business strategy, technology strategy and operations strategy services.[29]
Accenture Consulting provides technology, business ACN and management consulting.[30]
Accenture Digital provides digital marketing, analytics and mobility services.[31]
Accenture Technology focuses on technology solutions, implementation, delivery, and research & development, including its Technology Labs for emerging technologies.[32]
Accenture Operations focuses on an "as-a-service" model of service delivery. This includes business process outsourcing, IT services, cloud services, managed operations, security and infrastructure services.[33]
The company also operates a "National Security Services" business.[34]
Marketing, branding and identity
In 2011, Accenture launched a new campaign of results-based ads featuring clients such as Marriott, Unilever and the Royal Shakespeare Company alongside its slogan "High performance. Delivered".[35] As of 2016, Interbrand ranked Accenture No. 37 of its list of best global brands.[36] The brand consultancy noted Accenture's focus on branding and marketing of its Accenture Strategy, Accenture Consulting, Accenture Digital, Accenture Technology and Accenture Operations divisions.[37]
From at least 2005[38] until December 2009, Accenture used Tiger Woods as a celebrity spokesperson and advertised using the service mark "Go on, be a Tiger" and the ancillary statement "We know what it takes to be a Tiger" in association with his image. On 13 December 2009 after details of Woods' extra-marital affairs were exposed, the company terminated Woods' six-year sponsorship deal.[39]
The company uses a standardised system of branding, with extensive use of the font Graphik.[40]
From 1999, the firm's culture was parodied by the webcomic Bigtime Consulting, operated pseudonymously by its San Francisco-based employee James Sanchez.[41][42] The comic operated a store offering merchandise branded with the names 'Bigtime Consulting' and 'Indenture'. Sanchez left the company in 2000 but continued to operate the comic for some years.[43][44][45]
Awards
In 2016, Accenture was ranked No. 289 on the Forbes Global 2000 list.[46]
In 2016, Accenture was ranked No. 312 on the Fortune Global 500 list.[47]
In 2016, the firm was named 15th in the Top 50 Companies for Diversity by DiversityInc.[48]
CR Magazine named Accenture No. 14 in its top 100 Best Corporate Citizens list for 2016.[49]
In 2017, the Ethisphere Institute named Accenture one of the world's most ethical companies for the 10th time.[50]
Fortune named Accenture one of the top 100 companies to work for from 2009 to 2017.[51]
See also
List of IT consulting firms
Software industry in Telangana
Avanade, an IT consulting subsidiary of Accenture
References
^ "Accenture profile: Pierre Nanterme". Accenture.com. Archived from the original on 2 February 2011. Retrieved 2 February 2013.
^ "Accenture newsletter: Accenture names CEO". Accenture.com. Retrieved 19 April 2013.
^ "About Accenture". Retrieved 10 December 2015.
^ a b c d e f "Accenture Q4 FY2016 performance" (PDF). Accenture.com. Retrieved 17 October 2016.
^ "Q2 Fiscal 2017 (ended Feb. 28, 2017)". Accenture.com. Retrieved 28 February 2017.
^ "Fortune Global 500 - The World's Biggest Companies - Accenture Profile 2011". CNN. Retrieved 24 March 2014.
^ "Q4 Fiscal 2016 (ended Aug. 31, 2016)". Accenture.com. Retrieved 17 October 2016.
^ "Accenture Financial Statements 2015". Accenture.com. 24 September 2015. Retrieved 6 November 2015.
^ Marek, Lynne (27 February 2016). "Guess which Illinois company uses the most worker visas". Crain's Chicago Business. Retrieved 15 July 2016.
^ Mini Joseph Tejaswi (2012-07-18). "Accenture in India". Articles.timesofindia.indiatimes.com. Retrieved 2013-08-10.
^ "Company overview". Accenture.com. Retrieved 17 October 2016.
^ "World's Most Admired Companies". Fortune. 2016. Retrieved 15 July 2016.
^ "Accenture To Add 500 Jobs in Chicago". WBBM-TV. 11 October 2011. Retrieved 10 December 2015.
^ a b Brachear, Manya A. (28 July 2005). "Joseph Glickauf Jr. 1912-2005". Chicago Tribune. Retrieved 10 December 2015.
^ Betts, Mitch (29 January 2001). "GE's Appliance Park Still an IT Innovator". Computerworld. Retrieved 10 December 2015.
^ Betts, Mitch (2 July 1990). "The Univac I: First in the field". Computerworld. Retrieved 10 December 2015.
^ Martin, Mitchell (8 August 2000). "Arbitrator's Ruling Goes Against Accounting Arm: Consultants Win Battle Of Andersen". The New York Times. New York City: The New York Times Company. Retrieved 1 March 2014.
^ Andersen Consulting Changing Name To Accenture - 26 Oct. 2000; InformationWeek
^ Accenture IPO gains in first trades - 19 Jul. 2001; CNN Money
^ Information on Federal Contractors That Are Incorporated Offshore; United States General Accounting Office; 1 October 2002
^ Dobbs, Lou (9 March 2004). "Exporting America". CNN. Retrieved 3 May 2011.
^ [1] Archived 3 May 2007 at the Wayback Machine.
^ "Accenture to quit NHS technology overhaul". The Guardian. Retrieved 18 July 2014.
^ "NHS pulls the plug on its 11bn IT system". The Independent. Retrieved 18 July 2014.
^ "Accenture Newsroom: Accenture Announces Proposed Change of Incorporation to Ireland". newsroom.accenture.com. 26 May 2009. Retrieved 6 August 2010.
^ "Accenture chosen as lead contractor of Obamacare website". Yahoo!. Retrieved 28 February 2014.
^ Becker's Healthcare
^ "Cerner, Leidos, & Accenture win massive $4.3B Defense Department EHR contract". 30 July 2015. Retrieved 31 July 2015.
^ "Analyst Commentary: Accenture's digital push will boost consulting prospects". Professional Outsourcing Resources. 3 January 2014. Retrieved 30 January 2014.
^ "Accenture Consulting". www.accenture.com. Retrieved 2015-09-02.
^ Rayana Pandey (5 December 2013). "Accenture launches digital marketing capabilities. Should agencies worry?". Marketing. Retrieved 30 January 2014.
^ Arik Hesseldahl (5 June 2013). "Former HP Labs Head Prith Banerjee Joins Accenture". All Things D. Retrieved 18 February 2015.
^ Stuart Lauchlan (25 September 2014). "Accenture's offensive on the $5bn digital opportunity". Diginomica. Retrieved 30 January 2015.
^ "Get Details on the Government Contracts Awarded to Accenture National Security Services, LLC". Government Spending. Retrieved 1 December 2015.
^ Elliott, Stuart (17 November 2011). "Accenture Calls on Clients to Help Make a Statement". The New York Times. Retrieved 10 December 2015.
^ "Best Global Brands 2016 Rankings". Interbrand. 2016. Retrieved 10 January 2017.
^ "Best Global Brands 2015". Interbrand. Retrieved 10 December 2015.
^ Jennifer Pellet (1 August 2005), Pursuing high performance: chief executives can, in fact, stay ahead of emerging global competitors. (211), Chief Executive (magazine), p.66, retrieved 13 October 2013
^ "Accenture cuts Tiger Woods sponsorship deal". BBC News. 14 December 2009. Retrieved 6 August 2010.
^ "New logo and identity for Accenture". Brand New. 16 February 2017. Retrieved 18 April 2017.
^ "Bigtime Consulting archive". 'Bigtime Consulting'.
^ Gardner, Jim. "Web satire causes Bigtime headaches for Andersen". San Francisco Business Times. Retrieved 22 November 2015.
^ "Indenture Press News - BigTimeConsulting". www.bigtimeconsulting.org. Retrieved 2015-09-26.
^ "James R. Sanchez (1968 - 2009)". Star-Telegram. 13 May 2009. Retrieved 2010-06-30.
^ "Customer Discovered Dead in Lifetime Fitness Pool". Local News Only. 16 Nov 2009. Archived from the original on 26 April 2015. Retrieved 2015-04-26.
^ "The World's Biggest Public Companies". Forbes. 2016. Retrieved 15 July 2016.
^ "312: Accenture". Fortune. 2016. Retrieved 17 October 2016.
^ "The DiversityInc Top 50 Companies for Diversity". DiversityInc. 2016. Retrieved 18 April 2017.
^ "CR's 100 Best Corporate Citizens 2016" (PDF). CR Magazine. 2016. Retrieved 18 April 2017.
^ "World's Most Ethical Companies Honorees". Ethisphere Institute. 2017. Retrieved 18 April 2017.
^ "Accenture: #88". Fortune. 2017. Retrieved 18 April 2017.
External links
Wikimedia Commons has media related to Accenture.
Official website
Business data for Accenture plc: Google Finance
Yahoo! Finance
Reuters
SEC filings
Accenture companies grouped at OpenCorporates
v
t
e
Major information technology companies
Largest IT companies
Largest Internet companies
Largest software companies
Consulting and
outsourcing
Accenture
Atos
Booz Allen Hamilton
BMC Software
BT Global Services
CACI
Capgemini
CGI Group
Cognizant
Deloitte
Digital China
DXC Technology
Fujitsu
HCL Technologies
Hitachi Consulting
IBM Global Services
Indra Sistemas
Infosys
Infor
KPMG
Leidos
NEC
NTT DATA
Orange Business Services
T-Systems
Tata Consultancy Services
Tech Mahindra
Unisys
Wipro
Imaging
Canon Inc.
HP Inc.
Eastman Kodak
Fujifilm
Konica Minolta
Kyocera
Lexmark
Nikon
Olympus Corporation
Panasonic
Ricoh
Samsung Electronics
Seiko Epson
Sharp
Sony
Toshiba
Xerox
Information storage
ADATA
Dell Technologies
Dell EMC
Fujitsu
Hitachi Data Systems
Hewlett Packard Enterprise
IBM
Kingston Technology
LenovoEMC
NetApp
Oracle Corporation
Plextor
Samsung Electronics
Seagate Technology
Silicon Power
Sony
Toshiba
Transcend Information
Western Digital (SanDisk)
Internet
AOL
Baidu
Facebook
Google
IAC/InterActiveCorp
Microsoft
Naver
NetEase
Netflix
Tencent
Twitter
Uber
Vox Media
Yahoo!
Yandex
Cloud computing
Akamai Technologies
Amazon Web Services
Google
IBM
Microsoft
Oracle Corporation
Rackspace
Salesforce.com
E-commerce only
Alibaba Group
Amazon.com
eBay
Flipkart
Groupon
JD.com
Shopify
Rakuten
Mainframes
Fujitsu
IBM
Mobile devices
Acer Inc.
Amazon.com
Apple
Asus
BBK Electronics (OPPO, OnePlus, Vivo)
BlackBerry Limited
Hisense
HTC
Huawei
I-Mobile
Karbonn Mobiles
Lava Mobiles (XOLO)
Lenovo (Motorola Mobility)
LG Electronics
Meizu
Micromax Informatics (YU Televentures)
Microsoft
Nokia
Panasonic
Samsung
Sony
TCL Corporation
True
Xiaomi
ZTE
Networking equipment
Avaya
Cisco Systems
Ericsson
Fujitsu
Hewlett Packard Enterprise
Huawei
Juniper Networks
Motorola Solutions
NEC
Nokia
Qualcomm
ZTE
OEMs
Celestica
Compal Electronics
Flextronics
Foxconn
Jabil Circuit
Pegatron
Quanta
Sanmina Corporation
TPV Technology
Wistron Corporation
Personal computers
and servers
Acer Inc.
Apple Inc.
Asus
Dell
Fujitsu
HP Inc.
Lenovo
LG Electronics
NEC
Panasonic
Positivo
Samsung Electronics
Toshiba
Servers only
Cisco Systems
Hewlett Packard Enterprise
IBM
Inspur
Oracle Corporation
Financial technology
Euronet Worldwide
FIS
PayPal
Fiserv
Jack Henry
SWIFT
Square
Point of sale
Casio
NCR
Panasonic
Samsung Electronics
Seiko Epson
Sharp
Star Micronics
Toshiba
Wincor Nixdorf
Semiconductors
Advanced Micro Devices
Broadcom
Fujitsu
Infineon Technologies
Integrated Micro-Electronics, Inc.
Intel
LG Electronics
Marvell Technology Group
MediaTek
Micron Technology
Nvidia
NXP Semiconductors (Freescale)
ON Semiconductor
Panasonic
Qualcomm
Renesas Electronics
Samsung Electronics
SK Hynix
Sony
STMicroelectronics
Texas Instruments
Toshiba
VIA Technologies
Foundries
GlobalFoundries
TSMC
United Microelectronics Corporation
SMIC
Equipment
Applied Materials
KLA-Tencor
Lam Research
Tokyo Electron
Software
Adobe Systems
Amadeus IT Group
Apple Inc.
Autodesk
BMC Software
CA Technologies
FIS
Google
Hewlett Packard Enterprise
IBM
Intuit
Infor
Microsoft
Oracle Corporation
Sage Group
SAP SE
Symantec
VMware
Telecommunications
services
Amrica Mvil
AT&T
Bell Canada
Bezeq
Bharti Airtel
Bharat Sanchar Nigam Limited
BT Group
CenturyLink
China Mobile
China Telecom
China Unicom
Chunghwa Telecom
Comcast
Deutsche Telekom
Hutchison Asia
Idea Cellular
KDDI
KPN
KT Corporation
Mahanagar Telephone Nigam
MTN
MTS
Nippon
NTT DoCoMo
Oi
Orange S.A.
PCCW Limited
Reliance
Shaw
Singtel
SK Telecom
SoftBank Mobile
Spark
Sprint Corporation
Swisscom
Tata Teleservices
Telecom Italia
Telefnica
Telenor
Telus
Telmex
TPG
True
Trk Telekom
Veon
Verizon
Viettel
Vivendi
Vodafone
Travel technology
Amadeus IT Group
Sabre Corporation
Travelport
Video games
Activision Blizzard
Atari
Bandai Namco
Capcom?
Electronic Arts
Epic Games
LucasArts
Koei Tecmo
Konami
NCsoft
Nexon
Nintendo
Sega
Sony
Square Enix
Take-Two Interactive
Tencent
Ubisoft
Warner Bros.
Methodology: FY2014/15 applicable revenues of over: group 1-3, 6-12 - US$3 billion; group 4 - US$2 billion; group 5,13,16 - US$1 billion
v
t
e
Consulting
Firms
Management
A.T. Kearney
Accenture
Arthur D. Little
Bain & Company
BearingPoint
Booz Allen Hamilton
Boston Consulting Group
Capgemini Consulting
Deloitte (Monitor Deloitte)
Ernst & Young (Parthenon)
Gallup
Huron Consulting Group
KPMG
L.E.K. Consulting
Marsh & McLennan Companies (Oliver Wyman)
McKinsey & Company
PA Consulting Group
PricewaterhouseCoopers (Strategy&)
Roland Berger
Finance
Analysis Group
Aon
BDO International
Capco
Deloitte
Ernst & Young
FTI Consulting
Grant Thornton International
KPMG
Mazars
Milliman
PricewaterhouseCoopers
RHI
IT
Accenture
Atos
Avanade
Business & Decision
Cambridge Consultants
Capgemini
CGI Group
Cognizant
DXC Technology
Fujitsu
Hitachi Consulting
IBM Global Services
Infosys
iResearch Consulting Group
PA Consulting Group
Protiviti
Slalom Consulting
Sogeti
Sopra Steria
Tata Consultancy Services
Unisys
HR
Aon (Aon Hewitt)
Buck Consultants
Hay Group
Marsh & McLennan Companies (Mercer)
Robert Half International
Towers Watson
Defunct/Merged
Accenture (Kurt Salmon)
Aon Hewitt (Hewitt Associates)
Arthur Andersen
DXC Technology (Hewlett Packard Enterprise * CSC)
Ernst & Young (Ernst & Ernst * Arthur Young & Co. * Ernst & Whinney)
PricewaterhouseCoopers (Price Waterhouse * Coopers & Lybrand)
People
Founders
James L. Allen
Arthur E. Andersen
Bill Bain
Roland Berger
Edwin G. Booz
Marvin Bower
William Welch Deloitte
Alwin C. Ernst
Bruce Henderson
Piet Klijnveld
Arthur Dehon Little
James Marwick
James O. McKinsey
Michael Porter
Arthur Young)
MDs
Dominic Barton
Charles-douard Boue
Orit Gadiesh
Rich Lesser
Areas
Management consulting
Assurance services
Audit
Biotechnology consulting
Economic consulting
Financial adviser
Human resource consulting
Information technology consulting
Performance consulting
Public sector consulting
Risk and strategic consulting
Tax advisor
Others
Accounting networks and associations (Big Four accounting firms)
Big Three (management consultancies)
Business consultant
Business networking
Case interview
Certified management consultant
Consultant
Consulting firm
Enron scandal
Grade (consulting)
House of Lies
Professional services networks
Professional services
Strategy+Business
Victor Cheng
List of management consulting firms
List of IT consulting firms
Retrieved from "https://en.wikipedia.org/w/index.php?title=Accenture&oldid=782104296"
https://en.wikipedia.org/wiki/Accenture
Accenture PLC is a global management consulting and professional services company that provides strategy, consulting, digital, technology and operations services. A Fortune Global 500 company,[6] it has been incorporated in Dublin, Ireland, since 1 September 2009. In 2016, the company reported net revenues of $32.9 billion,[4] with more than 394,000 employees[7] serving clients in more than 200 cities in 120 countries.[8] In 2015, the company had about 130,000 employees in India, about 48,000 in the US,[9] and about 50,000 in the Philippines.[10] Accenture's current clients include 94 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500.[11]
Accenture common equity is listed on the New York Stock Exchange, under the symbol ACN, and was added to the S&P 500 index on 5 July 2011. In 2016, Fortune magazine named it as the world's most admired Information Technology Services company.[12]
Contents
1 History
1.1 Formation and early years
1.2 Splitting from Arthur Andersen
1.3 Emergence of Accenture
1.4 Bermuda headquarters
1.5 Ireland headquarters
2 Services and operations
3 Marketing, branding and identity
4 Awards
5 See also
6 References
7 External links
History
Formation and early years
Accenture began as the business and technology consulting division of accounting firm Arthur Andersen[13] in the early 1950s when it conducted a feasibility study for General Electric to install a computer at Appliance Park in Louisville, Kentucky,[14] which led to GE's installation of a UNIVAC I computer and printer,[15] believed to be the first commercial use of a computer in the U.S.[16]Joseph Glickauf, an early pioneer of computer consulting, held a position as head of Arthur Andersen's administrative services division.[14]
Splitting from Arthur Andersen
In 1989, Arthur Andersen and Andersen Consulting became separate units of Andersen Worldwide Socit Cooprative (AWSC).
Throughout the 1990s, there was increasing tension between Andersen Consulting and Arthur Andersen. Andersen Consulting was paying Arthur Andersen up to 15% of its profits each year (a provision of the 1989 split was that the more profitable unit - whether AA or AC - pay the other the 15 percent ), while at the same time Arthur Andersen was competing with Andersen Consulting through its own newly established business consulting service line called Arthur Andersen Business Consulting (AABC). This dispute came to a head in 1998 when Andersen Consulting claimed breach of contract against AWSC and Arthur Andersen. Andersen Consulting put the 15% transfer payment for that year and future years into escrow and issued a claim for breach of contract. In August 2000, as a result of the conclusion of arbitration with the International Chamber of Commerce, Andersen Consulting broke all contractual ties with AWSC and Arthur Andersen. As part of the arbitration settlement, Andersen Consulting paid the sum held in escrow (then $1.2billion) to Arthur Andersen, and was required to change its name, resulting in the entity being renamed Accenture.[17]
Emergence of Accenture
On 1 January 2001, Andersen Consulting adopted its current name, "Accenture". The word "Accenture" is supposedly derived from "Accent of the future". The name "Accenture" was submitted by Kim Petersen, a Danish employee from the company's Oslo, Norway office, as a result of an internal competition. Accenture felt that the name should represent its will to be a global consulting leader and high performer, and also intended that the name should not be offensive in any country in which Accenture operates.[18]
Accenture's banner hanging on the New York Stock Exchange (NYSE) building for its initial public offering on July 19, 2001.
On 19 July 2001, Accenture's initial public offering (IPO) was priced at $14.50 per share, and the shares began trading on the New York Stock Exchange (NYSE); Goldman Sachs and Morgan Stanley served as its lead underwriters. Accenture stock closed the day at $15.17, with the day's high at $15.25. On the first day of the IPO, Accenture raised nearly $1.7billion.[19]
Bermuda headquarters
In October 2002, the Congressional General Accounting Office (GAO) identified Accenture as one of four publicly traded federal contractors that were incorporated in a tax haven country.[20] The other three, unlike Accenture, were incorporated in the United States before they re-incorporated in a tax haven country, thereby lowering their US taxes. Critics, most notably former CNN journalist Lou Dobbs,[21] have reported Accenture's decision to incorporate in Bermuda as a US tax avoidance ploy, because they viewed Accenture as having been a US-based company.[22] The GAO itself did not characterize Accenture as having been a US-based company; it stated that "prior to incorporating in Bermuda, Accenture was operating as a series of related partnerships and corporations under the control of its partners through the mechanism of contracts with a Swiss coordinating entity."
Accenture engaged in a very large and ambitious IT overhaul project for the National Health Service (NHS) in 2003, making headlines when it withdrew from the contract in 2006 over disputes related to delays and cost overruns.[23] The government of the United Kingdom ultimately abandoned the project 5 years later for the same reasons.[24]
Ireland headquarters
Accenture announced on 26 May 2009 that its Board of Directors unanimously approved changing the company's place of incorporation to Ireland from Bermuda and would become Accenture plc.[25]
Accenture was chosen to replace CGI Group as the lead contractor for HealthCare.gov in January 2014.[26] In December 2014, Accenture won a $563 million contract to provide ongoing maintenance, software development and technology support for HealthCare.gov through 2019.[27]
In July 2015 the United States Department of Defense awarded a major Electronic Health Records contract to Cerner, Leidos and Accenture. The contract valued $4.33 billion will serve 55 hospitals and 600 clinics. Accenture federal services and Leidos will play the role of configuration specialist while Cerner is the prime contractor.[28]
Services and operations
A worldmap showing the countries where Accenture has operations as of 2016
Accenture Strategy provides business strategy, technology strategy and operations strategy services.[29]
Accenture Consulting provides technology, business ACN and management consulting.[30]
Accenture Digital provides digital marketing, analytics and mobility services.[31]
Accenture Technology focuses on technology solutions, implementation, delivery, and research & development, including its Technology Labs for emerging technologies.[32]
Accenture Operations focuses on an "as-a-service" model of service delivery. This includes business process outsourcing, IT services, cloud services, managed operations, security and infrastructure services.[33]
The company also operates a "National Security Services" business.[34]
Marketing, branding and identity
In 2011, Accenture launched a new campaign of results-based ads featuring clients such as Marriott, Unilever and the Royal Shakespeare Company alongside its slogan "High performance. Delivered".[35] As of 2016, Interbrand ranked Accenture No. 37 of its list of best global brands.[36] The brand consultancy noted Accenture's focus on branding and marketing of its Accenture Strategy, Accenture Consulting, Accenture Digital, Accenture Technology and Accenture Operations divisions.[37]
From at least 2005[38] until December 2009, Accenture used Tiger Woods as a celebrity spokesperson and advertised using the service mark "Go on, be a Tiger" and the ancillary statement "We know what it takes to be a Tiger" in association with his image. On 13 December 2009 after details of Woods' extra-marital affairs were exposed, the company terminated Woods' six-year sponsorship deal.[39]
The company uses a standardised system of branding, with extensive use of the font Graphik.[40]
From 1999, the firm's culture was parodied by the webcomic Bigtime Consulting, operated pseudonymously by its San Francisco-based employee James Sanchez.[41][42] The comic operated a store offering merchandise branded with the names 'Bigtime Consulting' and 'Indenture'. Sanchez left the company in 2000 but continued to operate the comic for some years.[43][44][45]
Awards
In 2016, Accenture was ranked No. 289 on the Forbes Global 2000 list.[46]
In 2016, Accenture was ranked No. 312 on the Fortune Global 500 list.[47]
In 2016, the firm was named 15th in the Top 50 Companies for Diversity by DiversityInc.[48]
CR Magazine named Accenture No. 14 in its top 100 Best Corporate Citizens list for 2016.[49]
In 2017, the Ethisphere Institute named Accenture one of the world's most ethical companies for the 10th time.[50]
Fortune named Accenture one of the top 100 companies to work for from 2009 to 2017.[51]
See also
List of IT consulting firms
Software industry in Telangana
Avanade, an IT consulting subsidiary of Accenture
References
^ "Accenture profile: Pierre Nanterme". Accenture.com. Archived from the original on 2 February 2011. Retrieved 2 February 2013.
^ "Accenture newsletter: Accenture names CEO". Accenture.com. Retrieved 19 April 2013.
^ "About Accenture". Retrieved 10 December 2015.
^ a b c d e f "Accenture Q4 FY2016 performance" (PDF). Accenture.com. Retrieved 17 October 2016.
^ "Q2 Fiscal 2017 (ended Feb. 28, 2017)". Accenture.com. Retrieved 28 February 2017.
^ "Fortune Global 500 - The World's Biggest Companies - Accenture Profile 2011". CNN. Retrieved 24 March 2014.
^ "Q4 Fiscal 2016 (ended Aug. 31, 2016)". Accenture.com. Retrieved 17 October 2016.
^ "Accenture Financial Statements 2015". Accenture.com. 24 September 2015. Retrieved 6 November 2015.
^ Marek, Lynne (27 February 2016). "Guess which Illinois company uses the most worker visas". Crain's Chicago Business. Retrieved 15 July 2016.
^ Mini Joseph Tejaswi (2012-07-18). "Accenture in India". Articles.timesofindia.indiatimes.com. Retrieved 2013-08-10.
^ "Company overview". Accenture.com. Retrieved 17 October 2016.
^ "World's Most Admired Companies". Fortune. 2016. Retrieved 15 July 2016.
^ "Accenture To Add 500 Jobs in Chicago". WBBM-TV. 11 October 2011. Retrieved 10 December 2015.
^ a b Brachear, Manya A. (28 July 2005). "Joseph Glickauf Jr. 1912-2005". Chicago Tribune. Retrieved 10 December 2015.
^ Betts, Mitch (29 January 2001). "GE's Appliance Park Still an IT Innovator". Computerworld. Retrieved 10 December 2015.
^ Betts, Mitch (2 July 1990). "The Univac I: First in the field". Computerworld. Retrieved 10 December 2015.
^ Martin, Mitchell (8 August 2000). "Arbitrator's Ruling Goes Against Accounting Arm: Consultants Win Battle Of Andersen". The New York Times. New York City: The New York Times Company. Retrieved 1 March 2014.
^ Andersen Consulting Changing Name To Accenture - 26 Oct. 2000; InformationWeek
^ Accenture IPO gains in first trades - 19 Jul. 2001; CNN Money
^ Information on Federal Contractors That Are Incorporated Offshore; United States General Accounting Office; 1 October 2002
^ Dobbs, Lou (9 March 2004). "Exporting America". CNN. Retrieved 3 May 2011.
^ [1] Archived 3 May 2007 at the Wayback Machine.
^ "Accenture to quit NHS technology overhaul". The Guardian. Retrieved 18 July 2014.
^ "NHS pulls the plug on its 11bn IT system". The Independent. Retrieved 18 July 2014.
^ "Accenture Newsroom: Accenture Announces Proposed Change of Incorporation to Ireland". newsroom.accenture.com. 26 May 2009. Retrieved 6 August 2010.
^ "Accenture chosen as lead contractor of Obamacare website". Yahoo!. Retrieved 28 February 2014.
^ Becker's Healthcare
^ "Cerner, Leidos, & Accenture win massive $4.3B Defense Department EHR contract". 30 July 2015. Retrieved 31 July 2015.
^ "Analyst Commentary: Accenture's digital push will boost consulting prospects". Professional Outsourcing Resources. 3 January 2014. Retrieved 30 January 2014.
^ "Accenture Consulting". www.accenture.com. Retrieved 2015-09-02.
^ Rayana Pandey (5 December 2013). "Accenture launches digital marketing capabilities. Should agencies worry?". Marketing. Retrieved 30 January 2014.
^ Arik Hesseldahl (5 June 2013). "Former HP Labs Head Prith Banerjee Joins Accenture". All Things D. Retrieved 18 February 2015.
^ Stuart Lauchlan (25 September 2014). "Accenture's offensive on the $5bn digital opportunity". Diginomica. Retrieved 30 January 2015.
^ "Get Details on the Government Contracts Awarded to Accenture National Security Services, LLC". Government Spending. Retrieved 1 December 2015.
^ Elliott, Stuart (17 November 2011). "Accenture Calls on Clients to Help Make a Statement". The New York Times. Retrieved 10 December 2015.
^ "Best Global Brands 2016 Rankings". Interbrand. 2016. Retrieved 10 January 2017.
^ "Best Global Brands 2015". Interbrand. Retrieved 10 December 2015.
^ Jennifer Pellet (1 August 2005), Pursuing high performance: chief executives can, in fact, stay ahead of emerging global competitors. (211), Chief Executive (magazine), p.66, retrieved 13 October 2013
^ "Accenture cuts Tiger Woods sponsorship deal". BBC News. 14 December 2009. Retrieved 6 August 2010.
^ "New logo and identity for Accenture". Brand New. 16 February 2017. Retrieved 18 April 2017.
^ "Bigtime Consulting archive". 'Bigtime Consulting'.
^ Gardner, Jim. "Web satire causes Bigtime headaches for Andersen". San Francisco Business Times. Retrieved 22 November 2015.
^ "Indenture Press News - BigTimeConsulting". www.bigtimeconsulting.org. Retrieved 2015-09-26.
^ "James R. Sanchez (1968 - 2009)". Star-Telegram. 13 May 2009. Retrieved 2010-06-30.
^ "Customer Discovered Dead in Lifetime Fitness Pool". Local News Only. 16 Nov 2009. Archived from the original on 26 April 2015. Retrieved 2015-04-26.
^ "The World's Biggest Public Companies". Forbes. 2016. Retrieved 15 July 2016.
^ "312: Accenture". Fortune. 2016. Retrieved 17 October 2016.
^ "The DiversityInc Top 50 Companies for Diversity". DiversityInc. 2016. Retrieved 18 April 2017.
^ "CR's 100 Best Corporate Citizens 2016" (PDF). CR Magazine. 2016. Retrieved 18 April 2017.
^ "World's Most Ethical Companies Honorees". Ethisphere Institute. 2017. Retrieved 18 April 2017.
^ "Accenture: #88". Fortune. 2017. Retrieved 18 April 2017.
External links
Wikimedia Commons has media related to Accenture.
Official website
Business data for Accenture plc: Google Finance
Yahoo! Finance
Reuters
SEC filings
Accenture companies grouped at OpenCorporates
v
t
e
Major information technology companies
Largest IT companies
Largest Internet companies
Largest software companies
Consulting and
outsourcing
Accenture
Atos
Booz Allen Hamilton
BMC Software
BT Global Services
CACI
Capgemini
CGI Group
Cognizant
Deloitte
Digital China
DXC Technology
Fujitsu
HCL Technologies
Hitachi Consulting
IBM Global Services
Indra Sistemas
Infosys
Infor
KPMG
Leidos
NEC
NTT DATA
Orange Business Services
T-Systems
Tata Consultancy Services
Tech Mahindra
Unisys
Wipro
Imaging
Canon Inc.
HP Inc.
Eastman Kodak
Fujifilm
Konica Minolta
Kyocera
Lexmark
Nikon
Olympus Corporation
Panasonic
Ricoh
Samsung Electronics
Seiko Epson
Sharp
Sony
Toshiba
Xerox
Information storage
ADATA
Dell Technologies
Dell EMC
Fujitsu
Hitachi Data Systems
Hewlett Packard Enterprise
IBM
Kingston Technology
LenovoEMC
NetApp
Oracle Corporation
Plextor
Samsung Electronics
Seagate Technology
Silicon Power
Sony
Toshiba
Transcend Information
Western Digital (SanDisk)
Internet
AOL
Baidu
IAC/InterActiveCorp
Microsoft
Naver
NetEase
Netflix
Tencent
Uber
Vox Media
Yahoo!
Yandex
Cloud computing
Akamai Technologies
Amazon Web Services
IBM
Microsoft
Oracle Corporation
Rackspace
Salesforce.com
E-commerce only
Alibaba Group
Amazon.com
eBay
Flipkart
Groupon
JD.com
Shopify
Rakuten
Mainframes
Fujitsu
IBM
Mobile devices
Acer Inc.
Amazon.com
Apple
Asus
BBK Electronics (OPPO, OnePlus, Vivo)
BlackBerry Limited
Hisense
HTC
Huawei
I-Mobile
Karbonn Mobiles
Lava Mobiles (XOLO)
Lenovo (Motorola Mobility)
LG Electronics
Meizu
Micromax Informatics (YU Televentures)
Microsoft
Nokia
Panasonic
Samsung
Sony
TCL Corporation
True
Xiaomi
ZTE
Networking equipment
Avaya
Cisco Systems
Ericsson
Fujitsu
Hewlett Packard Enterprise
Huawei
Juniper Networks
Motorola Solutions
NEC
Nokia
Qualcomm
ZTE
OEMs
Celestica
Compal Electronics
Flextronics
Foxconn
Jabil Circuit
Pegatron
Quanta
Sanmina Corporation
TPV Technology
Wistron Corporation
Personal computers
and servers
Acer Inc.
Apple Inc.
Asus
Dell
Fujitsu
HP Inc.
Lenovo
LG Electronics
NEC
Panasonic
Positivo
Samsung Electronics
Toshiba
Servers only
Cisco Systems
Hewlett Packard Enterprise
IBM
Inspur
Oracle Corporation
Financial technology
Euronet Worldwide
FIS
PayPal
Fiserv
Jack Henry
SWIFT
Square
Point of sale
Casio
NCR
Panasonic
Samsung Electronics
Seiko Epson
Sharp
Star Micronics
Toshiba
Wincor Nixdorf
Semiconductors
Advanced Micro Devices
Broadcom
Fujitsu
Infineon Technologies
Integrated Micro-Electronics, Inc.
Intel
LG Electronics
Marvell Technology Group
MediaTek
Micron Technology
Nvidia
NXP Semiconductors (Freescale)
ON Semiconductor
Panasonic
Qualcomm
Renesas Electronics
Samsung Electronics
SK Hynix
Sony
STMicroelectronics
Texas Instruments
Toshiba
VIA Technologies
Foundries
GlobalFoundries
TSMC
United Microelectronics Corporation
SMIC
Equipment
Applied Materials
KLA-Tencor
Lam Research
Tokyo Electron
Software
Adobe Systems
Amadeus IT Group
Apple Inc.
Autodesk
BMC Software
CA Technologies
FIS
Hewlett Packard Enterprise
IBM
Intuit
Infor
Microsoft
Oracle Corporation
Sage Group
SAP SE
Symantec
VMware
Telecommunications
services
Amrica Mvil
AT&T
Bell Canada
Bezeq
Bharti Airtel
Bharat Sanchar Nigam Limited
BT Group
CenturyLink
China Mobile
China Telecom
China Unicom
Chunghwa Telecom
Comcast
Deutsche Telekom
Hutchison Asia
Idea Cellular
KDDI
KPN
KT Corporation
Mahanagar Telephone Nigam
MTN
MTS
Nippon
NTT DoCoMo
Oi
Orange S.A.
PCCW Limited
Reliance
Shaw
Singtel
SK Telecom
SoftBank Mobile
Spark
Sprint Corporation
Swisscom
Tata Teleservices
Telecom Italia
Telefnica
Telenor
Telus
Telmex
TPG
True
Trk Telekom
Veon
Verizon
Viettel
Vivendi
Vodafone
Travel technology
Amadeus IT Group
Sabre Corporation
Travelport
Video games
Activision Blizzard
Atari
Bandai Namco
Capcom?
Electronic Arts
Epic Games
LucasArts
Koei Tecmo
Konami
NCsoft
Nexon
Nintendo
Sega
Sony
Square Enix
Take-Two Interactive
Tencent
Ubisoft
Warner Bros.
Methodology: FY2014/15 applicable revenues of over: group 1-3, 6-12 - US$3 billion; group 4 - US$2 billion; group 5,13,16 - US$1 billion
v
t
e
Consulting
Firms
Management
A.T. Kearney
Accenture
Arthur D. Little
Bain & Company
BearingPoint
Booz Allen Hamilton
Boston Consulting Group
Capgemini Consulting
Deloitte (Monitor Deloitte)
Ernst & Young (Parthenon)
Gallup
Huron Consulting Group
KPMG
L.E.K. Consulting
Marsh & McLennan Companies (Oliver Wyman)
McKinsey & Company
PA Consulting Group
PricewaterhouseCoopers (Strategy&)
Roland Berger
Finance
Analysis Group
Aon
BDO International
Capco
Deloitte
Ernst & Young
FTI Consulting
Grant Thornton International
KPMG
Mazars
Milliman
PricewaterhouseCoopers
RHI
IT
Accenture
Atos
Avanade
Business & Decision
Cambridge Consultants
Capgemini
CGI Group
Cognizant
DXC Technology
Fujitsu
Hitachi Consulting
IBM Global Services
Infosys
iResearch Consulting Group
PA Consulting Group
Protiviti
Slalom Consulting
Sogeti
Sopra Steria
Tata Consultancy Services
Unisys
HR
Aon (Aon Hewitt)
Buck Consultants
Hay Group
Marsh & McLennan Companies (Mercer)
Robert Half International
Towers Watson
Defunct/Merged
Accenture (Kurt Salmon)
Aon Hewitt (Hewitt Associates)
Arthur Andersen
DXC Technology (Hewlett Packard Enterprise * CSC)
Ernst & Young (Ernst & Ernst * Arthur Young & Co. * Ernst & Whinney)
PricewaterhouseCoopers (Price Waterhouse * Coopers & Lybrand)
People
Founders
James L. Allen
Arthur E. Andersen
Bill Bain
Roland Berger
Edwin G. Booz
Marvin Bower
William Welch Deloitte
Alwin C. Ernst
Bruce Henderson
Piet Klijnveld
Arthur Dehon Little
James Marwick
James O. McKinsey
Michael Porter
Arthur Young)
MDs
Dominic Barton
Charles-douard Boue
Orit Gadiesh
Rich Lesser
Areas
Management consulting
Assurance services
Audit
Biotechnology consulting
Economic consulting
Financial adviser
Human resource consulting
Information technology consulting
Performance consulting
Public sector consulting
Risk and strategic consulting
Tax advisor
Others
Accounting networks and associations (Big Four accounting firms)
Big Three (management consultancies)
Business consultant
Business networking
Case interview
Certified management consultant
Consultant
Consulting firm
Enron scandal
Grade (consulting)
House of Lies
Professional services networks
Professional services
Strategy+Business
Victor Cheng
List of management consulting firms
List of IT consulting firms
Retrieved from "https://en.wikipedia.org/w/index.php?title=Accenture&oldid=782104296"
https://en.wikipedia.org/wiki/Accenture