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Accenture (ACN) Acquires Impendi to Bolster Capabilities
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Accenture (ACN - Free Report) announced yesterday that it has acquired Impendi. The terms of the acquisition were not disclosed. This acquisition strengthens Accenture's capabilities in serving the private equity industry, enhancing its range of offerings in this sector.
Accenture has gained 10.9% in the past six months, outperforming its industry’s 10.5% growth and the S&P 500 composite’s 4.5% rise in the same time frame.
Impendi is a sourcing and procurement services provider. With a focus on private equity, Impendi offers innovative solutions, analytics expertise and a team of 130 professionals. Its capabilities drive profitability, accelerate due diligence and contribute to faster time-to-value in investments.
Accenture's acquisition of Impendi bolsters its private equity capabilities, offering tailored sourcing and procurement services. The addition of Impendi's procurement analytics expertise enhances Accenture's ability to guide private equity clients with insights into spending and savings opportunities.
Access to Impendi's innovative solutions reinforces Accenture's leadership in private equity, thus contributing to faster time-to-value through due diligence and investment research. The acquisition expands Accenture's global reach, serving clients in the United States and India, and diversifies its portfolio across various industries. Aligned with Accenture's strategy of continuous reinvention, the acquisition strengthens its commitment to delivering value through advisory, technology and managed services.
Furthermore, the infusion of Impendi's talent enhances Accenture's collective knowledge, solidifying its position in private equity and related industries.
ACN currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
The following stocks from the broader Business Services sector are worth consideration:
Broadridge Financial Solutions (BR - Free Report) : The Zacks Consensus Estimate for Broadridge’s 2023 revenues indicates 7.7% growth from the year-ago figure while earnings are expected to grow 10.1%. The company beat the consensus estimate in three of the past four quarters and matched on one instance, the average surprise being 5.4%.
Booz Allen (BAH - Free Report) : The Zacks Consensus Estimate for BAH’s 2023 revenues indicates 13% growth from the year-ago figure while earnings are expected to grow 10.3%. The company beat the consensus estimate in three of the four quarters and missed on one instance, the average surprise being 7.7%.
BAH carries a Zacks Rank of 2, at present.
ABM Industries(ABM - Free Report) : The Zacks Consensus Estimate for ABM’s 2023 revenues indicates 1% growth from the year-ago figure while earnings are expected to decline 5.1%. The company beat the consensus estimate in three of the four quarters and missed on one instance, the average surprise being 1.4%.
ABM carries a Zacks Rank of 2, at present.
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Accenture (ACN) Acquires Impendi to Bolster Capabilities
Accenture (ACN - Free Report) announced yesterday that it has acquired Impendi. The terms of the acquisition were not disclosed. This acquisition strengthens Accenture's capabilities in serving the private equity industry, enhancing its range of offerings in this sector.
Accenture has gained 10.9% in the past six months, outperforming its industry’s 10.5% growth and the S&P 500 composite’s 4.5% rise in the same time frame.
Impendi is a sourcing and procurement services provider. With a focus on private equity, Impendi offers innovative solutions, analytics expertise and a team of 130 professionals. Its capabilities drive profitability, accelerate due diligence and contribute to faster time-to-value in investments.
Accenture PLC Price
Accenture PLC price | Accenture PLC Quote
What Does the Deal Have in Store for Accenture?
Accenture's acquisition of Impendi bolsters its private equity capabilities, offering tailored sourcing and procurement services. The addition of Impendi's procurement analytics expertise enhances Accenture's ability to guide private equity clients with insights into spending and savings opportunities.
Access to Impendi's innovative solutions reinforces Accenture's leadership in private equity, thus contributing to faster time-to-value through due diligence and investment research. The acquisition expands Accenture's global reach, serving clients in the United States and India, and diversifies its portfolio across various industries. Aligned with Accenture's strategy of continuous reinvention, the acquisition strengthens its commitment to delivering value through advisory, technology and managed services.
Furthermore, the infusion of Impendi's talent enhances Accenture's collective knowledge, solidifying its position in private equity and related industries.
ACN currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
The following stocks from the broader Business Services sector are worth consideration:
Broadridge Financial Solutions (BR - Free Report) : The Zacks Consensus Estimate for Broadridge’s 2023 revenues indicates 7.7% growth from the year-ago figure while earnings are expected to grow 10.1%. The company beat the consensus estimate in three of the past four quarters and matched on one instance, the average surprise being 5.4%.
BR carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Booz Allen (BAH - Free Report) : The Zacks Consensus Estimate for BAH’s 2023 revenues indicates 13% growth from the year-ago figure while earnings are expected to grow 10.3%. The company beat the consensus estimate in three of the four quarters and missed on one instance, the average surprise being 7.7%.
BAH carries a Zacks Rank of 2, at present.
ABM Industries(ABM - Free Report) : The Zacks Consensus Estimate for ABM’s 2023 revenues indicates 1% growth from the year-ago figure while earnings are expected to decline 5.1%. The company beat the consensus estimate in three of the four quarters and missed on one instance, the average surprise being 1.4%.
ABM carries a Zacks Rank of 2, at present.