Accenture Plc (NYSE:CAN) Completes Acquisition Of IBB Consulting

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The stock of Accenture Plc (NYSE:CAN) closed at $136.91 losing 0.42% in yesterday’s trading session. This company has made an announcement regarding its recent move to acquire IBB Consulting, which is a strategy consulting firm. It was in the previous month that the two got involved in the buyout deal. To this point, the financial details associated with the transaction have remained undisclosed.

This strategy consulting firm was established in 2001 and since then it has remained committed to helping organizations across media, communication and technology towards coming up with favorable market strategies. It takes immense pride in the fact that it has about 160 highly-skilled professionals to help serve customers better.

Asides from that, it is also versed with experience in business planning, technology and strategy. It has achieved much in assisting organizations successfully execute business operations, create new products as well as come up with new business models.

It has over the years staged most of its operations in North America and Australia. However, a large number of its professionals work in North America. The integration of the IBB Consulting’s business into the Accenture Strategy division is expected to result in a number of positive things.

Accenture has benefitted quite a huge deal from the acquisition, one of them being the gaining of a huge customer base. The other was that it obtained a large talent pool. Accenture’s presence in the communication sector has been fortified and analysts believe it will help it obtain a higher market share.

The senior managing director of Accenture Strategy, 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.”

The passage of time is seeing the demand of network technology move a notch higher. Most of the telecom companies have been accelerating the deployment of cable operators and 5G networks as they continue to advance into the wireless space.

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