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Accenture (ACN) Announces Buyout of Malayasia-Based Entropia

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Accenture plc (ACN - Free Report) today announced that it has snapped up Kuala Lumpur-based international digital agency Entropia for an undisclosed amount. Entropia is the first ever Southeast Asian firm acquired by Accenture.

Established in 2016, Entropia has more than 210 employees and focuses on developing digital experiences for brands, with skills across customer experience, consulting, commerce and communication. It has the experience of developing campaigns for companies like BMW, KFC, Nespresso, Lazada and Telekom Malaysia.

Acquisition to Boost Accenture’s Digital Capabilities

The acquisition of Entropia is expected to enhance Accenture’s digital capabilities. It can strengthen Accenture Interactive’s presence in the market for experience-led transformation services through boosting capabilities in customer experience, design and creative communications.

"Entropia’s addition will help us deliver innovation through technology to drive commerce and growth for our clients in Southeast Asia. It’s also an exciting chapter in our journey to strengthen and expand Accenture Interactive’s presence in the region," said Thomas Mouritzen, Accenture Interactive’s lead for Southeast Asia.

Notably, Accenture shares have gained 38.7% over the past year, underperforming the 39.9% growth of the Zacks S&P 500 composite but outperforming the 37.3% rally of the industry it belongs to.


Zacks Rank and Stocks to Consider

Accenture currently carries a Zacks Rank #3 (Hold).

Investor interested in the broader Zacks Business Services sector can consider stocks like Equifax (EFX - Free Report) , Cross Country Healthcare (CCRN - Free Report) and Charles River Associates (CRAI - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

The long-term expected earnings per share (three to five years) growth rate for Equifax, Cross Country Healthcare and Charles River is pegged at 14%, 10.5% and 15.5%, respectively.

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