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Accenture (ACN) Adds TripleBlind to Its Investment Portfolio
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Accenture plc (ACN - Free Report) announced yesterday that it has made a strategic investment in TripleBlind through its venture capital arm Accenture Ventures. Terms of the deal have been kept under wraps.
Founded in 2019 and headquartered in Kansas City, TripleBlind is a provider of data privacy and virtual clean room solution. It offers digital privacy as a service, enabling companies to share sensitive information with their stakeholders without data decryption. It is the newest addition to Accenture Ventures’ investment portfolio.
Deal Details
As part of the deal, TripleBlind is now part of Project Spotlight, an exclusive Accenture Ventures investment program that gives start-ups access to Accenture’s technology domain expertise and its enterprise clients. Accenture and TripleBlind will co-innovate in Accenture’s Innovation Hubs, Labs and Liquid Studios with a view to enhance quality of privacy offerings and provide clients more confidence while using them.
“Our investment in TripleBlind demonstrates Accenture Ventures’ commitment to cultivating the latest technologies, enhanced by human ingenuity, that solve for our clients’ most critical business needs,“ said Tom Lounibos, managing director, Accenture Ventures.
Notably, Accenture’s shares have gained 21.1% over the past year outperforming the 18.7% rally of the industry it belongs to and 14.9% growth of the Zacks S&P 500 composite.
Zacks Rank & Stocks to Consider
Currently, Accenture carries a Zacks Rank #4 (Sell).
Long-term earnings (three to five years) growth rate for Republic Services, Gartner and Insperity is estimated at 9.4%, 13.5% and 15%, respectively.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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Accenture (ACN) Adds TripleBlind to Its Investment Portfolio
Accenture plc (ACN - Free Report) announced yesterday that it has made a strategic investment in TripleBlind through its venture capital arm Accenture Ventures. Terms of the deal have been kept under wraps.
Founded in 2019 and headquartered in Kansas City, TripleBlind is a provider of data privacy and virtual clean room solution. It offers digital privacy as a service, enabling companies to share sensitive information with their stakeholders without data decryption. It is the newest addition to Accenture Ventures’ investment portfolio.
Deal Details
As part of the deal, TripleBlind is now part of Project Spotlight, an exclusive Accenture Ventures investment program that gives start-ups access to Accenture’s technology domain expertise and its enterprise clients. Accenture and TripleBlind will co-innovate in Accenture’s Innovation Hubs, Labs and Liquid Studios with a view to enhance quality of privacy offerings and provide clients more confidence while using them.
“Our investment in TripleBlind demonstrates Accenture Ventures’ commitment to cultivating the latest technologies, enhanced by human ingenuity, that solve for our clients’ most critical business needs,“ said Tom Lounibos, managing director, Accenture Ventures.
Notably, Accenture’s shares have gained 21.1% over the past year outperforming the 18.7% rally of the industry it belongs to and 14.9% growth of the Zacks S&P 500 composite.
Zacks Rank & Stocks to Consider
Currently, Accenture carries a Zacks Rank #4 (Sell).
A few top-ranked stocks in the broader Zacks Business Services sector are Republic Services (RSG - Free Report) , Gartner (IT - Free Report) and Insperity (NSP - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings (three to five years) growth rate for Republic Services, Gartner and Insperity is estimated at 9.4%, 13.5% and 15%, respectively.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>