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Management solutions provider Accenture plc (ACN - Analyst Report) recently announced a strategic alliance with IPsoft to boost its automation capabilities. IPsoft's IPcenter is intended for companies that have an extensive IT infrastructure. With the integration of IPcenter into its own IT services toolset, Accenture will be able to reduce service costs and generate greater value for its clients.

The collaboration will enable Accenture to offer a more flexible, efficient and improved IT solution to drive performance. Considering the need for growth in computing and cloud-based services, the partnership could facilitate market share gains.

Autonomic IT services provider IPsoft is headquartered in New York City and operates in 10 countries across North America, Europe and Asia Pacific. The company provides expert systems, and leverages self-learning, self-healing cognitive systems across IT Operations, Cloud Orchestration, Fraud Prevention (FAS) and Business Process Automation.

We believe the integration of Accenture’s technology and IPsoft’s autonomic platform will minimize labor involvement, thereby improving the quality of service. Moreover, this partnership will create a more independent IT-enabled environment with improved network and storage devices which in turn will drive growth.

Moreover, this platform will help Accenture to deliver greater system security and compatibility and reduce manual errors. Also, the solution will cater to the growing demands of businesses, which in turn will help Accenture to gain competitive advantage.

Accenture is also building its client base, which has helped it to record strong bookings and witness robust growth across insurance, banking and healthcare segments. This also increases demand for Accenture’s services, which is favorable for its long-term growth.

However, a cautious spending environment and Accenture’s broad European exposure may temper growth prospects to some extent. Moreover, competition from Cognizant Technology Solutions Corp. (CTSH - Analyst Report) and IBM (IBM - Analyst Report) is expected to remain a headwind, going forward.

Currently, Accenture has a Zacks Rank #3 (Hold). Better-ranked stock technology stocks include Micron Technology Inc. (MU - Analyst Report), which has a Zacks Rank #2 (Buy).

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