Blog

Accenture Expands Change Administration Capabilities by Buying Organizational Transformation Consultancy Future State

NEW YORK–(BUSINESS WIRE) – Accenture (NYSE: ACN) has acquired Future State, a change management consultancy based in Oakland, CA. Future State’s 75-strong team strengthens the Talent & Organization / Human Potential practice at Accenture, adding highly specialized expertise focused on agile business transformations.

Future State realizes ideas and innovations for customers in the life sciences, CPG and technology sectors through expert planning, intuitive communication, team coaching and empathy. This innovative approach – along with strong credentials in product development, business growth and post-merger integration – adds new methods that expand Accenture’s existing C-suite offering. Future State, a certified B Corp, is also widely known for its commitment to corporate social responsibility and was named “Best for the World Changemaker” by B Lab in 2019.

“As the ongoing health, economic and social crises have demonstrated, disruption is constant and companies must adapt to thrive and grow,” said Eva Sage-Gavin, global director of Talent & Organization / Human Potential Practice Accenture. “By adding Future State’s experience and talent, Accenture expands its capabilities to assist clients in their business transformation journeys through a rapidly changing world.”

For the past 40 years, Future State has helped some of the world’s leading life science and technology companies with the change management expertise they need to thrive, especially during times of disruption. Future State complements Accenture’s latest acquisition for Talent & Organization / Human Potential – Kates Kesler in 2020 – with the aim of expanding the customer offering and creating new ways of creating value with a deep understanding of customer needs and market challenges.

“The customers we work with are changing the world, and this kind of innovation doesn’t come with off-the-shelf models or standstill,” said Shannon Adkins, CEO of Future State, a women-owned company. “By joining Accenture, we can scale our value proposition by unlocking the unique talents of our design thinkers and design-makers to help more customers pursue their extraordinary visions that will make a positive difference in the world.”

The terms of the transaction were not disclosed.

About Accenture

Accenture is a global professional services company with leading roles in digital, cloud and security. We combine unmatched experience and expertise in more than 40 industries, providing strategy and advisory, interactive, technology and operations services, all based on the world’s largest network of centers for advanced technology and intelligent operations. Our 514,000 employees deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We harness the power of change to create value and mutual success for our customers, employees, shareholders, partners and communities. Visit us at www.accenture.com.

Accenture’s Talent & Organization / Human Potential connects people and technology to unleash human ingenuity and drive company-wide change. Further information can be found at https://www.accenture.com/us-en/services/talent-organization-human-potential-index.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words like “may”, “will”, “should”, “should” likely, “anticipated”, “expected”, “intends”, “plans”, “projects”, “believes”, “estimates”, “positioned” , “forecasts” 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. Many of the following risks, uncertainties, and other factors listed below are and will be compounded by the COVID-19 pandemic. These risks include, without limitation, risks that: the transaction may not produce the anticipated benefits for Accenture; Accenture’s earnings position has been materially impacted and could be materially impacted in the future by the COVID-19 pandemic. Accenture’s results of operations have been and may continue to be adversely affected by volatile, adverse, or uncertain economic and political conditions and the effects of these conditions on the business and operations of its customers. Accenture’s business depends on generating and sustaining continued, profitable customer demand for the company’s services and solutions, including customizing and expanding its services and solutions in response to ongoing changes in technology and offerings, and any significant decrease in that demand or solution Inability to Do This Reaction to the evolving technological environment could have a material impact on the company’s earnings. If Accenture is unable to balance its offering of skills and resources with customer demand around the world, and to attract and retain professionals with strong leadership skills, the company’s business, the company’s workforce utilization rate, and its earnings position can all suffer the company’s being materially affected; Accenture can be exposed to legal, reputational, and financial risks if it fails to protect customer and / or corporate data from security incidents or cyberattacks. The markets in which Accenture operates are highly competitive and Accenture may not be able to compete effectively. Accenture’s profitability could suffer significantly if the company cannot obtain affordable prices for its services and solutions, if the company cannot remain competitive, if its cost management strategies are unsuccessful, or if it exhibits inefficiencies in delivery or fails to meet certain agreed-upon issues . according to goals or specific service levels; Changes in Accenture’s level of taxation, audits, investigations, and tax procedures, or changes in tax laws, or their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and finances; Accenture’s ability to attract and retain businesses and employees may depend on its reputation in the marketplace. Accenture’s geographical diversity of operations and its growth strategy to continue expanding in its key markets around the world make the company more vulnerable to certain risks. Accenture’s business could be materially affected if the company were legally liable. Accenture’s dealings with government customers expose the company to additional risks associated with the government’s contractual environment. Accenture’s results of operations could be materially affected by fluctuations in exchange rates. If Accenture cannot address the organizational challenges associated with its size, the company may not be able to meet its business goals. If Accenture does not successfully manage and develop its relationships with key alliance partners, or fail to anticipate and establish new alliances in relation to new technologies, it can affect the company’s earnings. Accenture may not be successful in acquiring, investing in or integrating companies, entering into joint ventures, or selling companies. 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 if the company loses its ability to use others’ intellectual property, it may do so Affect business operations. Accenture’s results of operations and share price could be adversely affected if effective internal controls cannot be implemented. Changes in accounting standards or in the estimates and assumptions that Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect financial results. Accenture may not be able to access additional capital on favorable terms or at all. As the company raises equity, it can dilute its shareholders’ stake in the company. Accenture may face criticism and negative publicity in connection with its incorporation into Ireland. and 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 filings with the Securities and Exchange Commission or with the Securities and Exchange Commission . Statements in this press release speak only as of the date of its publication. Accenture undertakes no obligation to update any forward-looking statements in this press release or to adapt such statements to reflect actual results or changes in Accenture’s expectations.

Copyright © 2021 Accenture. All rights reserved.