Blog Coverage Accenture Completes the Acquisition of OCTO Technology; Expands its Digital Solutions Portfolio

Upcoming AWS Coverage on Atlassian Corp.

LONDON, UK / ACCESSWIRE / March 22, 2017 / Active Wall St. blog coverage looks at the headline from Accenture PLC (NYSE: ACN) as the Company announced on March 21, 2017, that it has completed the acquisition of OCTO Technology, a firm specializing in digital transformation services and software development. This statement is pursuant to the previously announced acquisition of the Company on September 15, 2016. The agreement was initially structured as the purchase of a 47.4% shareholding in OCTO Technology. Register with us now for your free membership and blog access at:

http://www.activewallst.com/register/

One of Accenture’s competitors within the Information Technology Services space, Atlassian Corp. PLC (NASDAQ: TEAM), is estimated to report earnings on May 04, 2017. AWS will be initiating a research report on Atlassian following the release of its earnings results.

Today, AWS is promoting its blog coverage on ACN; touching on TEAM. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

Breaking down the Agreement

This agreement is set to deliver deep industry experience and the global scale of Accenture Digital to OCTO’s clients. OCTO currently operates across France, Morocco, Switzerland, Brazil, and Australia through its nearly 380 employees. OCTO will offer technology expertise to Accenture Digital in data science and mobile applications where the Company plans to leverage the infrastructure from OCTO to create and deliver digital solutions tailored for the clients. Additionally, OCTO will enable Accenture Digital to provide solutions and help clients to identify, test and adopt new business models for emerging ventures.

The 47.4% Acquisition

Initially, Accenture acquired 47.4% shares of OCTO Technology’s share capital on a fully diluted basis on November 25, 2016. Accenture purchased 1.94 million equity warrants representing 64.1% of existing equity warrants. Accenture completed the acquisition through an indirect purchase of 1.96 million shares and 1.94 million equity warrants from OCTO, and 238.52 thousand shares from Financiere Arbevel, at €22.50 per share and €1.7222 per equity warrant, in private transactions. Accenture viewed complementary prospects and a greater potential to deliver greatest possible results for clients in France.

Accenture Digital

OCTO, post this acquisition will become a part of Accenture Digital, hence expanding Accenture’s digital service offering in France. Accenture Digital comprises of Accenture Analytics, Accenture Interactive and Accenture Mobility, and offers a comprehensive portfolio of technology and business services across segments of mobility, analytics and digital marketing. Accenture Digital develops strategies and implements digital technologies to run digital processes. Accenture helps clients leverage connected and mobile devices and extract insights from data using analytics. Here, OCTO Technology’s expertise will help Accenture Digital expand into the respective geographies.

Currently, Accenture serves clients in more than 120 countries with approximately 384,000-strong workforce.

Accenture’s Growth Portfolio

Accenture has been executing a multi-segment growth strategy through inorganic expansion. It acquired Focus Group Europe, a UK-based, privately owned ServiceNow consulting service provider and software reseller, on March 21, 2017. This acquisition added the Cloud First approach to Accenture’s portfolio and help clients generate maximum output of their cloud investments. This acquisition is the latest in the series of significant investments made by the Company in the cloud business. Focus Group is now a part of Accenture global ServiceNow practice while adding 70 professionals with about 75 ServiceNow certifications to the team. This acquisition is a part of the Company’s approach to strengthen its presence as a leading provider of ServiceNow services and cloud implementations globally.

Prior to this acquisition, Accenture announced an expanded global alliance with Docker on March 15, 2017. With the Accenture Cloud Factory, the alliance aimed at providing industrialized solutions for enterprises to accelerate the transformation to the cloud. This alliance will enable both Companies to collaborate and develop migration accelerators and best practices for enterprise clients to adopt container services. This cloud-expansion move was a step towards achieving multi-cloud CaaS solutions and leveraging Docker Datacenter to provide enterprises with the latest technologies.

Stock Performance

At the close of trading session on Tuesday, March 21, 2017, Accenture’s share price finished yesterday’s trading session at $124.64, rising slightly by 0.20%. A total volume of 3.22 million shares exchanged hands, which was higher than the 3 months average volume of 2.31 million shares. The stock has rallied 13.97% and 17.57% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 6.41%. The stock is trading at a PE ratio of 18.45 and has a dividend yield of 1.94%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 457922