UK-Based Redkite Joins Accenture to Enhance Data-Driven Intelligence

UK-Based Redkite Joins Accenture to Enhance Data-Driven Intelligence

(IN BRIEF) Accenture has acquired Redkite, a UK-based data consultancy with expertise in data-driven intelligence and AI. The acquisition, aligned with Accenture’s strategic plan, expands the company’s data capabilities and enhances its ability to provide modern data platforms that utilize AI for clients. Redkite, with its strong presence in consumer goods, retail, and media industries, has helped numerous UK companies make data-driven decisions and create personalized customer experiences. The acquisition is part of Accenture’s $3 billion investment in its Data & AI practice, aiming to help clients accelerate AI adoption. The financial terms of the transaction were not disclosed.

(PRESS RELEASE) LONDON, 15-Dec-2023 — /EuropaWire/ — Accenture (NYSE: ACN), a global professional services company with leading capabilities in digital, cloud and security, has successfully acquired Redkite, a prominent UK-based data consultancy specializing in comprehensive data expertise to help organizations accelerate their performance through data-driven intelligence and artificial intelligence (AI). This strategic acquisition enhances Accenture’s data capabilities, enabling clients to expedite their transformation by harnessing the power of AI across their enterprise.

Redkite, headquartered in London and founded in 2018, brings deep expertise in the consumer goods and services, retail, and media sectors. The company has been instrumental in assisting ambitious growth companies and well-known brands in the UK to launch new products, make data-informed decisions, and create personalized customer experiences. Redkite offers a wide range of capabilities, spanning data strategy, modern data platform architecture, and implementation. Accenture’s Data & AI practice in the UK will be strengthened by Redkite’s team of over 230 professionals.

Kayur Rughani, a managing director in Accenture’s Data & AI practice, emphasized the role of AI in business transformation, stating, “AI is a significant catalyst and opportunity for business transformation. In order to move from experimentation to scaled implementation, our clients need a strong data and AI foundation, and they need to be value-led in every capability they choose to reinvent with generative AI. The powerful combination of Accenture and Redkite’s capabilities, expertise and services will help clients make the shift to scale AI investments, rapidly and responsibly.”

Jon Tippell, managing director at Redkite, highlighted the challenges of data readiness and AI adoption for companies, adding, “For companies to embrace the opportunity of data and AI, they need strong digital foundations in the cloud across their business. Joining Accenture means we can become a stronger force for our clients to set their data strategies in motion and fuel their organizations with intelligence.” Henry Crawford, managing director at Redkite, expressed enthusiasm for the collaboration, saying, “Together we will create more opportunities for our people and clients – leveraging our data capabilities and academy training model as we embark on the next critical phase of the AI journey.”

This acquisition is part of Accenture’s recently-announced $3 billion investment over three years in its Data & AI practice, aimed at helping clients across all industries rapidly and responsibly leverage AI to achieve greater growth, efficiency, and resilience. The Data & AI practice will expand its AI talent pool to 80,000 professionals through a combination of recruitment, acquisitions, and training initiatives.

The addition of Redkite complements Accenture’s previous acquisitions in the UK, including cloud and digital transformation consultancy Infinity Works in 2021 and analytics and data transformation services consultancy Mudano in 2020.

Financial terms of the transaction have not been disclosed.

About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 733,000 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. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song. These capabilities, 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.

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: Accenture and Anser Advisory will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; 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 political 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; 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; Accenture’s environmental, social and governance (ESG) commitments and disclosures may expose it to reputational risks and legal liability; 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 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 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; 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. In addition, the timing and amount of costs related to Accenture’s business optimization actions and the nature and extent of benefits realized from such actions are subject to uncertainties and other factors, including local country consultation processes and regulations, and may differ from its current expectations and estimates. 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:

Natalie de Freitas
Accenture
+44 7380 799 196
natalie.de.freitas@accenture.com

Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

This content is provided for general information purposes and is not intended to be used in place of consultation with our professional advisors. This document refers to marks owned by third parties.  All such third-party marks are the property of their respective owners.  No sponsorship, endorsement, or approval of this content by the owners of such marks is intended, expressed, or implied.

SOURCE: Accenture