Accenture Acquires Award Solutions to Expand Advanced Wireless Technologies Skills Training Content and Capabilities of Accenture LearnVantage

Accenture (NYSE:ACN) has acquired Award Solutions, a provider of training and consulting services in advanced wireless and network technologies, including 5G, internet of things, and cloud-based solutions. Terms of the transaction were not disclosed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121330816/en/

Accenture has acquired Award Solutions, a provider of training and consulting services in advanced wireless and network technologies, including 5G, internet of things, and cloud-based solutions. (Photo: Business Wire)

Established in 1997, Award Solutions is headquartered in Plano, Texas, and has employees based in Las Cruces, New Mexico; Branson, Missouri; San Diego, California; and Bangalore, India. The company offers specialized in-person, virtual, and self-paced training skills development programs to global telecom and technology providers, enabling them to leverage the latest technologies, such as 5G, artificial intelligence, automation, data visualization, machine learning, and network virtualization for the telecom industry. Award Solutions integrates the latest standards and technologies in its approach and has a proven track record of agile development to deliver customized, job relevant, network specific, real-world training that accelerates learning and skills acquisition which directly impact job performance. Through expert-led mentoring, Award Solutions equips its clients with the necessary skills to optimize their tech investments and enhance network performance.

As AI, 5G and cloud technologies become an increasingly important part of organizations' digital core, demand for highly skilled professionals capable of designing, implementing, and effectively managing these advanced networks is anticipated to continue growing. As part of this acquisition, Award Solutions' expert team of 29 professionals joins Accenture LearnVantage, a comprehensive technology learning and training service, to further enhance training modules tailored to the unique needs of network leaders, network operations and performance engineers, and IT professionals in the telecom space.

"Award Solutions' track record in providing targeted, real-world training and consulting in 5G and other advanced wireless, cloud and AI technologies is a natural fit as we look to equip both our teams and our clients with the critical skills needed to lead in the next generation of networks era," said Kishore Durg, global lead of Accenture LearnVantage. "Integrating Award Solutions into Accenture LearnVantage enables us to strengthen our existing capabilities and develop highly customized training programs for our clients."

Satyajit Doctor, co-founder and president of Award Solutions, said, "Our shared vision with Accenture aligns perfectly with our mission of empowering companies to succeed in a rapidly evolving technology landscape and transform their business. Joining Accenture extends our reach and impact to more learners and offers them with the tools and expertise to lead the future of telecommunications and digital infrastructure."

Award Solutions has been recognized 11 times in the past as one of the Best Companies to Work for in Texas, a program jointly awarded to the best employers in the state by the Texas Association of Business (TAB) and Texas SHRM, in partnership with Workforce Research Group.

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," "aspires," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook," "goal," "target" and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture's results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical 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 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 evolving technological environment could materially affect the company's results of operations; risks and uncertainties related to the development and use of AI could harm the company's business, damage its reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills 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; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture's ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company's results of operations could be adversely affected; Accenture's profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; 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 debt obligations could adversely affect its business and financial condition; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture's geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture's business could be materially adversely affected if the company incurs legal liability; Accenture's global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture's work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture's services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; 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.

About Accenture

Accenture is a leading global professional services company that helps the world's leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 774,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

Copyright ©2024 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241121330816/en/