Accenture Acquires Intrepid, Expands Capabilities to Help Brands Transform Mobile User Experiences as Connected Devices Soar

NEW YORK--()--Accenture (NYSE: ACN) has acquired Boston-based mobile design and development firm Intrepid. As connected devices become increasingly popular and continue to proliferate in environments such as the home, office and vehicles, Accenture is expanding its capabilities to help organizations create engaging mobile experiences for customers at speed and at scale.

“Mobile solutions are a cornerstone of digital business transformation and their design and development is a source of continued differentiation for Accenture Digital”

Intrepid’s 150 employees have joined Accenture Digital as a result of the acquisition. The team will focus on the rapid development of innovative digital services and solutions, using agile tools in a collaborative environment where clients can work side by side with Accenture designers, engineers and mobile experts. Intrepid expands Accenture’s capabilities in design, native app development, connected device engineering and web development in North America, strengthening its ability to help clients take the lead in an era where connected experience is the new battleground.

Intrepid is focused on nurturing talent and innovation to create excellent user experiences. At Procter & Gamble, Intrepid developed an app that allows consumers to control and monitor their cloud-connected Febreze Home smart devices. For Saucony’s Human Performance and Innovation Lab, Intrepid developed Stride Lab, an app that helps runners assess their stride to improve efficiency and avoid injury.

“Mobile solutions are a cornerstone of digital business transformation and their design and development is a source of continued differentiation for Accenture Digital,” said Ankur Mathur, managing director, Accenture Digital. “When combined with connected devices they offer a broad set of opportunities for our clients to re-invent their business models. We are delighted to bring Intrepid’s highly skilled team into Accenture and to help scale what Intrepid offers to clients today. Our shared values of people-first, disruptive innovation and continuous learning make Intrepid a great fit for Accenture.”

“It has long been our mission to build great digital experiences and bring connected devices to life for everyone, everywhere,” said Mark Kasdorf, founder and CEO of Intrepid. “We are thrilled to join Accenture and become part of a global network of leading designers and developers who are just as driven as we are to empower people through experience-led innovation. We will be better equipped to seamlessly scale the solutions we design and build in our studio to clients around the world, expanding the impact of beautiful apps that deliver real results.”

With a strong heritage in delivering rich mobile experiences to consumers and integrating apps with connected devices, Intrepid operates a culture based on creative innovation using the latest technologies, and will be a valuable addition to Accenture Digital.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 411,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Accenture Digital, comprised of Accenture AnalyticsAccenture Interactive and Accenture Mobility, offers a comprehensive portfolio of business and technology services across digital marketing, mobility and analytics. From developing digital strategies to implementing digital technologies and running digital processes on their behalf, Accenture Digital helps clients leverage connected and mobile devices; extract insights from data using analytics; and enrich end-customer experiences and interactions, delivering tangible results from the virtual world and driving growth. To learn more about Accenture Digital, follow us @AccentureDigi and visit www.accenture.com/digital.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the changing technological environment could materially affect the company’s results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the markets in which Accenture competes are highly competitive, and Accenture might not be able to compete effectively; Accenture could have liability or Accenture’s reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of Accenture’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to Accenture’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; Accenture’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if Accenture is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of Accenture’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

Contacts

Accenture
Joanna Vos, + 44 7500 835588
joanna.r.vos@accenture.com

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Release Summary

Accenture acquired Boston-based mobile design and development firm Intrepid.

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