Accenture Pronounces Intent to Purchase Optimind, a Consulting Agency Specializing in Monetary Companies, Insurance coverage and Compliance Threat Administration
Acquisition would strengthen Accenture’s capabilities in offering purchasers with quantitative and qualitative threat administration and compliance companies
PARIS; March 17, 2023 – Accenture (NYSE: ACN) has introduced its intent to accumulate Optimind, a Paris-based impartial consulting agency that gives advisory companies and options to assist insurance coverage companies, banks and enormous company purchasers to fulfill main challenges of competitiveness, transformation and regulation. Monetary phrases of the transaction aren’t being disclosed.
Based in 2000, Optimind has greater than 350 extremely expert professionals, together with greater than 110 actuaries, serving purchasers in France and Luxembourg.
Optimind, recipient of the 2022 EcoVadis Gold Medal for its company social accountability coverage, has constructed over the previous 20 years robust service choices that cowl the complete spectrum of the danger administration worth chain: from technique to finance, from quantitative modeling to compliance, from mapping to continuity plans.
Olivier Girard, market unit lead for Accenture France & Benelux, stated “The acquisition would complement Accenture’s present finance and threat administration capabilities and additional strengthen our capability to assist purchasers efficiently navigate disruption and drive enterprise worth. We might be capable to deal with your complete worth chain and assist our purchasers speed up and scale their monetary and compliance transformation tasks. “
Khalid Lahraoui, Monetary Companies Lead for Accenture France & Benelux, stated: “The acquisition of Optimind would improve our capability to assist purchasers embrace change, speed up transformation, unlock worth, and construct new and disruptive threat fashions. This acquisition would improve Accenture’s standing as one of many main Technique & Consulting agency for Monetary Companies purchasers, taking our revolutionary end-to-end options to new ranges of velocity and scale throughout Europe.”
Christophe Eberle, CEO and founding father of Optimind, added, “Our individuals will present experience in qualitative, quantitative and administrative threat administration companies and options. Becoming a member of Accenture would permit us to increase our world footprint and create new enterprise alternatives for our firm and our individuals. Collectively, we might help our purchasers on a broader base at a time when enterprise, monetary and regulatory modifications are about to alter the historic stability and imply our purchasers want our help greater than ever.”
The acquisition requires prior session with the related works councils and regulatory approval and can be topic to customary closing situations.
Accenture is a number one world skilled companies firm that helps the world’s main companies, governments and different organizations construct their digital core, optimize their operations, speed up income progress and improve citizen companies—creating tangible worth at velocity and scale. We’re a expertise and innovation led firm with 738,000 individuals serving purchasers in additional than 120 nations. Know-how is on the core of change as we speak, and we’re one of many world’s leaders in serving to drive that change, with robust ecosystem relationships. We mix our energy in know-how with unmatched trade expertise, practical experience and world supply functionality. We’re uniquely in a position to ship tangible outcomes due to our broad vary of companies, options and belongings throughout Technique & Consulting, Know-how, Operations, Trade X and Accenture Track. These capabilities, along with our tradition of shared success and dedication to creating 360° worth, allow us to assist our purchasers succeed and construct trusted, lasting relationships. We measure our success by the 360° worth we create for our purchasers, one another, our shareholders, companions and communities. Go to us at www.accenture.com.
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These dangers embody, with out limitation, dangers that: Accenture and Optimind will be unable to shut the transaction within the time interval anticipated, or in any respect, which depends on the events’ capability to fulfill sure closing situations; the transaction may not obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and will sooner or later be, adversely affected by risky, damaging or unsure financial and political situations and the consequences of those situations on the corporate’s purchasers’ companies and ranges of enterprise exercise; Accenture’s enterprise will depend on producing and sustaining shopper demand for the corporate’s companies and options together with by means of the difference and growth of its companies and options in response to ongoing modifications in know-how and choices, and a big discount in such demand or an incapability to reply to the evolving technological atmosphere might materially have an effect on the corporate’s outcomes of operations; if Accenture is unable to match individuals and their abilities with shopper demand around the globe and appeal to and retain professionals with robust management abilities, the corporate’s enterprise, the utilization price of the corporate’s professionals and the corporate’s outcomes of operations could also be materially adversely affected; Accenture faces authorized, reputational and monetary dangers from any failure to guard shopper and/or firm information from safety incidents or cyberattacks; the markets wherein Accenture operates are extremely aggressive, and Accenture may not be capable to compete successfully; Accenture’s capability to draw and retain enterprise and staff could rely upon its popularity within the market; Accenture’s environmental, social and governance (ESG) commitments and disclosures could expose it to reputational dangers and authorized legal responsibility; if Accenture doesn’t efficiently handle and develop its relationships with key ecosystem companions or fails to anticipate and set up new alliances in new applied sciences, the corporate’s outcomes of operations could possibly be adversely affected; Accenture’s profitability might materially undergo if the corporate is unable to acquire favorable pricing for its companies and options, if the corporate is unable to stay aggressive, if its cost-management methods are unsuccessful or if it experiences supply inefficiencies or fail to fulfill sure agreed-upon targets or particular service ranges; modifications in Accenture’s stage of taxes, in addition to audits, investigations and tax proceedings, or modifications in tax legal guidelines or of their interpretation or enforcement, might have a fabric opposed impact on the corporate’s efficient tax price, outcomes of operations, money flows and monetary situation; Accenture’s outcomes of operations could possibly be materially adversely affected by fluctuations in international foreign money change charges; modifications to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements might adversely have an effect on its monetary outcomes; because of Accenture’s geographically numerous operations and technique to proceed to develop in key markets around the globe, the corporate is extra inclined to sure dangers; if Accenture is unable to handle the organizational challenges related to its dimension, the corporate may be unable to attain its enterprise aims; Accenture may not achieve success at buying, investing in or integrating companies, getting into into joint ventures or divesting companies; Accenture’s enterprise could possibly be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s world operations expose the corporate to quite a few and typically conflicting authorized and regulatory necessities; Accenture’s work with authorities purchasers exposes the corporate to further dangers inherent within the authorities contracting atmosphere; if Accenture is unable to guard or implement its mental property rights or if Accenture’s companies or options infringe upon the mental property rights of others or the corporate loses its capability to make the most of the mental property of others, its enterprise could possibly be adversely affected; Accenture could also be topic to criticism and damaging publicity associated to its incorporation in Eire; in addition to the dangers, uncertainties and different elements mentioned underneath the “Threat Components” heading in Accenture plc’s most up-to-date Annual Report on Kind 10-Okay and different paperwork filed with or furnished to the Securities and Trade Fee. 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