Accenture (NYSE: ACN) has acquired The Beacon Group, a growth strategy consultancy firm serving Fortune 500 companies across technology, aerospace, industrial, healthcare and life sciences industries. Terms of the transaction were not disclosed.
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Accenture has acquired The Beacon Group, a growth strategy consultancy firm serving Fortune 500 companies across technology, aerospace, industrial, healthcare and life sciences industries. (Photo: Business Wire)
Beacon’s team of more than 60 experts in growth strategy, market modeling and mergers and acquisitions (M&A) advisory, will join Accenture Strategy. The acquisition deepens Accenture’s capabilities that help C-suite leaders make fact-based decisions for targeting, segmentation and routes to growth; driven by market insights and scalable solutions to execute enterprise transformations at scale.
“Today’s disruptive market environment is fundamentally challenging companies and changing the way they operate. Business leaders must be able to understand, and quickly act on, new or existing pathways that will drive profitability,” said Chris Roark, North America lead of Accenture Strategy. “The addition of Beacon’s senior talent, growth framework and market modeling platform will expand our capabilities that help our clients see around disruptive corners, embrace change and shape their business strategies to deliver and sustain value to all stakeholders.”
Founded in 2001 with headquarters in Portland, Maine, Beacon’s differentiated approach pairs rigorous modeling methodologies with tailored market insight and strategy consulting to drive actionable growth strategies for its clients. Focused on new growth initiatives, Beacon helps the world's largest companies introduce new services, products, technologies and business models.
In addition to its classic growth strategy advisory work, Beacon’s market modeling practice gives clients increased transparency as they work through bespoke forecasting of current and potential markets served. The company’s scalable platform leverages data and insights across 400 market segments, 16 geographies and 15 vertical markets to build custom forecast market models that are interactive.
Beacon also brings M&A advisory capabilities that offer targeted support for corporate and private equity clients by building strategic acquisition road maps, identifying and vetting actionable target candidates, and providing rapid target and market due diligence. The acquisition further bolsters Accenture’s M&A Consulting Services that help clients create value through inorganic growth strategies.
Cliff Farrah, Beacon President and CEO, and author of Growing the Top Line, added, "We have spent the last 20 years evolving our services through varied economic cycles to reflect the growth strategy needs of our clients. Now, we look forward to bringing the best of our expertise to Accenture Strategy and offering clients deep industry knowledge, and a full suite of growth strategy capabilities that enable 360° value creation.”
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
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