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°.
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 accenture.com.
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