The stock of Accenture Plc (NYSE:CAN) closed at $136.99 gaining 0.54% in yesterday’s trading session. This company has today made an announcement regarding its acquisition of IBB Consulting.
The firm has over the years focused on helping the various media companies and mobile operators identify emerging industry shifts as well as capitalize on the latest business and technology opportunities.
If all moves according to plan, IBB Consulting might end up strengthening Accenture’s ability to design business and technology strategies targeted at creating value and transforming business operations.
The new acquisition seeks to help Accenture expand its capabilities towards providing strategy services for the large number of the CMT clients. The fast-paced disruption is causing a lot of confusion among clients and most of them have been seeking clarity. The clients agree that the disruption has become a norm in the CMT industries and their operations.
The senior managing director of Accenture Strategy Communications, Greg Douglass, opined, “The acquisition of IBB Consulting enhances our ability to deliver the latest thinking and strategies to our clients by leveraging emerging technologies that ultimately help them compete and win in the face of an expanding and evolving competitive landscape.”
IBB Consulting was founded in 2001 and it has its headquarters in Philadelphia. It has for quite some time served as a convergence specialist to top media, broadband, mobile and technology companies.
Analysts are of the opinion that the convergence across companies in the CMT industries provide an opportunity to define as well as deliver a new level of capabilities that cut down on costs, drive competitiveness and also expand operational excellence for the clients.
The co-founder and managing partner of IBB Consulting, Dr. Imran Shah said that as a company they were excited about being a part of the Accenture Strategy family. He added that they had been looking forward to expanding the delivery of deep, industry-specific strategies for all those clients that had been trying stake claims in the digital arena.