Accenture Expands Strategic Capabilities with Acquisition of The Beacon Group

Accenture Expands Strategic Capabilities with Acquisition of The Beacon Group

NEW YORK; September 8, 2022 – Accenture (NYSE: ACN) has acquired The Beacon Group, a growth strategy consulting firm serving Fortune 500 companies in the technology, aerospace, industrial, health and life sciences. Terms of the transaction were not disclosed.

Beacon’s team of more than 60 experts in growth strategy, market modeling and mergers and acquisitions (M&A) advisory will join Accenture Strategy. Acquisition Strengthens Accenture’s Capabilities That Help C-Suite Leaders Make Fact-Based Decisions for Targeting, Segmentation and Pathways to Growth; guided by market insights and scalable solutions to execute enterprise transformations at scale.

“Today’s disruptive market environment is fundamentally challenging businesses and changing the way they operate. Business leaders must be able to understand and act quickly on new or existing avenues that will drive profitability,” said Chris Roark, North America head of Accenture Strategy. “The addition of Beacon’s senior talent, growth framework and market modeling platform will expand our capabilities that will help our clients see through disruptive turns, embrace change and shape their business strategies to deliver and maintaining value to all stakeholders.”

Founded in 2001 with headquarters in Portland, Maine, Beacon’s differentiated approach combines rigorous modeling methodologies with tailored market insight and strategy consulting to drive actionable growth strategies for its clients. Focused on new growth initiatives, Beacon helps the world’s largest companies introduce new services, products, technologies and business models.

In addition to its classic growth strategy consulting work, Beacon’s market modeling practice provides clients with increased transparency as they work through bespoke forecasts of current and potential markets served. The company’s scalable platform leverages data and insights across 400 market segments, 16 geographies and 15 verticals to create custom forecast market models that are interactive.

Beacon also brings M&A advisory capabilities that offer targeted support to corporate and private equity clients by developing strategic acquisition roadmaps, identifying and reviewing actionable target candidates, and providing due diligence. reasonably fast on targets and the market. The acquisition further strengthens Accenture’s M&A advisory services that help clients create value through inorganic growth strategies.

Cliff Farrah, CEO of Beacon and author of Increase the top lineadded, “We have spent the past 20 years evolving our services through varying economic cycles to reflect the strategic growth needs of our customers. Today, we look forward to bringing the best of our expertise to Accenture Strategy and providing our clients with deep industry knowledge, and a full suite of growth strategy capabilities that enable value creation at 360°.

About Accenture

Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialist skills in more than 40 industries, we offer strategy and advisory, technology and operations, and Accenture Song services, all powered by the world’s largest network of advanced technology centers and smart operations. Our 710,000 people deliver on 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, employees, shareholders, partners and communities. Visit us at

Forward-looking statements

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These risks include, but are not limited to, the risks that: the transaction will not produce the expected benefits for Accenture; Accenture’s results of operations have been and may be in the future affected by adverse conditions volatile, negative or uncertain economic and political ons, including Russia’s invasion of Ukraine, the sanctions and other related measures that have been and continue to be imposed in response to this conflict, as well as the environmental current inflationary situation and the effects of such conditions on the activities and activity levels of the Company’s customers; Accenture faces legal, reputational, and financial risks for failing to protect client and/or corporate data from security incidents or cyberattacks; Accenture’s business depends on generating and sustaining continued, profitable customer demand for the company’s services and solutions, including adapting and expanding its services and solutions in response to changing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to changes in the technological environment could materially affect the Company’s results of operations; if Accenture is unable to match people and skills to global client demand and attract and retain professionals with strong leadership skills, the business’s business, the rate use of the company’s professionals and the results of the company’s operations could be materially affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive and Accenture may not be able to compete effectively; Accenture’s ability to attract and retain businesses and employees may depend on its reputation in the marketplace; if Accenture fails to manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely 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 fail or if it experiences delivery inefficiencies or fails to meet certain agreed terms. on specific objectives or service levels; changes in Accenture’s level of taxation, as well as tax audits, investigations and proceedings, or changes in tax laws or their interpretation or application, could have a material adverse effect on the effective tax rate of business, results of operations, cash flows and financial condition. condition; Accenture’s results of operations could be materially affected by fluctuations in foreign exchange rates; changes in accounting standards or in estimates and assumptions made by Accenture in preparing its consolidated financial statements could adversely affect its financial results; Accenture may not be able to access additional capital on favorable terms or at all and if the company raises equity, it could dilute its shareholders’ stake in the business; due to Accenture’s geographically diverse business and growth strategy to continue expanding in its key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage 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 or integrating businesses, forming joint ventures or divesting businesses; Accenture’s business could be materially affected if the company incurs legal liability; Accenture’s global operations expose the company to many 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 if the company loses its ability to use the intellectual property from others, its activity could be negatively affected; Accenture’s results of operations and share price could be adversely affected if Accenture is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; and the risks, uncertainties and other factors discussed under “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. The statements in this press release speak only as of the date they are made, and Accenture undertakes no obligation to update any forward-looking statements made in this press release or to conform such statements to actual results. actual events or changes in Accenture’s expectations.

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Maggie Nolan
+1 845 661 0952
[email protected]

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