Coming Up

Tweet TWEET

Accenture to Acquire ASM Research to Expand U.S. Defense and Federal Health Business

  Accenture to Acquire ASM Research to Expand U.S. Defense and Federal Health
  Business

Business Wire

ARLINGTON, Va. -- July 31, 2013

In a move to strategically expand its business in the growing military health
market, Accenture Federal Services (AFS) has agreed to acquire ASM Research,
Inc., a leading provider of advanced information solutions and services to
U.S. defense and federal health clients. The acquisition will expand
Accenture’s capabilities and opportunities with the Department of Defense
(DoD) and Veterans Affairs (VA). ASM Research will become a wholly owned
subsidiary of AFS. Terms of the transaction were not disclosed and the
acquisition is subject to regulatory review and other  customary closing
conditions.

“This strategic acquisition will expand our U.S. federal health capabilities,
serving the needs of military personnel and veterans, and will help us better
support clients in our growing health business across North America,” said
Steve Rohleder, Accenture’s group chief executive who leads the Health &
Public Service operating group.

An employee-owned company headquartered in Fairfax, Va., ASM Research has
three decades of government experience and expertise in healthcare IT,
information solutions and services, data analytics, cloud, data warehousing,
human capital management and benefit solutions and agile software development.

“I’ve served at ASM Research for more than 30 years helping to build this
great company.We needed the right partner to take us to the next stage in our
growth and Accenture was the perfect choice because of its shared commitment
to both employees and clients,” said ASM Research CEO  Jeri Lassiter.
“Accenture stands out among systems integrators in its ability to deliver
important and complex mission solutions across the enterprise and we’re
excited to join forces to make a difference for our clients and our people.”

“ASM Research has strong U.S. military and federal health credentials, a
success-oriented culture, extremely talented and committed people and a rich
technology portfolio backed by decades of mission expertise. Acquiring the
company will expand the offerings and value we provide to DoD and position us
to deliver ourcompelling clinical, benefits and business solutions to federal
health agencies going through a once-in-a-generation modernization,” said
David Moskovitz, Accenture Federal Services chief executive. “Jim
Traficant,AFS managing director, will lead the new subsidiary company. His
personal conviction and decades of government, defense and healthcare
experience make him uniquely qualified for this critical position.”

Accenture’s global healthcare business has experienced quarterly, double-digit
growth for the past two years by serving clients in the payer, provider and
public health sectors in more than 20 countries around the world. Accenture’s
federal business serves every cabinet-level department and 20 of the largest
federal organizations with clients at defense, intelligence, public safety and
civilian agencies. Accenture Federal Services is a U.S. company, with offices
in Arlington, Va., and is a wholly owned subsidiary of Accenture LLP. Learn
more about Accenture’s work with federal agencies, its Insight Driven Health,
its global defense work and its global programDelivering Public Service for
the Future.

About Accenture

Accenture is a global management consulting, technology services and
outsourcing company, with approximately 266,000 people serving clients in more
than 120 countries. Combining unparalleled experience, comprehensive
capabilities across all industries and business functions, and extensive
research on the world’s most successful companies, Accenture collaborates with
clients to help them become high-performance businesses and governments. The
company generated net revenues of US$27.9billion for the fiscal year ended
Aug. 31, 2012.Its homepage is www.accenture.com.

About ASM Research, Inc.

ASM Research is a leading solutions integrator of information technology,
information assurance and professional services to the U.S. government. Our
experts apply the latest technologies and industry methodologies to project
management, analytical, personnel training and force structure, healthcare and
education challenges. ASM Research is focused on using information and
technology to solve real world problems for the federal, state and local
government organizations we serve. We are located in Fairfax, VA, with
regional operations in San Antonio, TX; Fort Knox, KY and Honolulu, HI. ASM
Research is an employee-owned company whose more than 30 years of commitment
to our clients’ missions has repeatedly produced extraordinary results. Its
homepage is www.asmr.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,” “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: Accenture
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 and ASM Research; Accenture’s and ASM Research’s results of
operations could be adversely affected by volatile, negative or uncertain
economic conditions and the effects of these conditions on Accenture’s and ASM
Research’s clients’ businesses and levels of business activity; Accenture’s
and ASM Research’s businesses depend on generating and maintaining ongoing,
profitable client demand for Accenture’s and ASM Research’s services and
solutions, and a significant reduction in such demand could materially affect
Accenture’s or ASM Research’s results of operations; if Accenture or ASM
Research 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, Accenture’s or ASM Research’s business, the
utilization rate of Accenture’s or ASM Research’s professionals and
Accenture’s or ASM Research’s results of operations may be materially
adversely affected; the markets in which Accenture and ASM Research compete
are highly competitive, and Accenture and ASM Research might not be able to
compete effectively; Accenture or ASM Research could have liability or
Accenture’s or ASM Research’s reputation could be damaged if Accenture or ASM
Research fails to protect client and/or company data or information systems as
obligated by law or contract or if Accenture’s or ASM Research’s information
systems are breached; Accenture’s and ASM Research’s results of operations and
ability to grow could be materially negatively affected if Accenture and ASM
Research cannot adapt and expand their services and solutions in response to
ongoing changes in technology and offerings by new entrants; as a result of
Accenture’s geographically diverse operations and its growth strategy to
continue geographic expansion, Accenture is more susceptible to certain risks;
Accenture’s Global Delivery Network is increasingly concentrated in India and
the Philippines, which may expose it to operational risks; Accenture’s and ASM
Research’s results of operations could materially suffer if Accenture and ASM
Research are not able to obtain sufficient pricing to enable them to meet
their profitability expectations; if Accenture’s pricing estimates do not
accurately anticipate the cost, risk and complexity of Accenture performing
its work or third parties upon whom it relies do not meet their commitments,
then Accenture’s contracts could have delivery inefficiencies and be
unprofitable; Accenture’s work with government clients exposes Accenture to
additional risks inherent in the government contracting environment;
Accenture’s and ASM Research’s businesses could be materially adversely
affected if Accenture or ASM Research incurs legal liability in connection
with providing its services and solutions; Accenture’s and ASM Research’s
results of operations could be materially adversely affected by fluctuations
in foreign currency exchange rates; Accenture’s alliance relationships may not
be successful or may change, which could adversely affect Accenture’s results
of operations; outsourcing services and the continued expansion of Accenture’s
other services and solutions into new areas subject Accenture to different
operational risks than its consulting and systems integration services;
Accenture’s and ASM Research’s services or solutions could infringe upon the
intellectual property rights of others or Accenture and ASM Research might
lose their ability to utilize the intellectual property of others; Accenture
and ASM Research have only a limited ability to protect their intellectual
property rights, which may be important to Accenture’s or ASM Research’s
success; Accenture’s and ASM Research’s ability to attract and retain business
and employees may depend on their reputations in the marketplace; Accenture
might not be successful at identifying, acquiring or integrating businesses or
entering into joint ventures; Accenture’s profitability could suffer if its
cost-management strategies are unsuccessful, and Accenture may not be able to
improve its profitability through improvements to cost-management to the
degree it has done in the past; many of Accenture’s contracts include payments
that link some of its fees to the attainment of performance or business
targets and/or require Accenture to meet specific service levels, which could
increase the variability of Accenture’s revenues and impact its margins;
changes in Accenture’s or ASM Research’s level of taxes, and audits,
investigations and tax proceedings, or changes in Accenture’s treatment as an
Irish company, could have a material adverse effect on Accenture’s or ASM
Research’s results of operations and financial condition; if Accenture is
unable to manage the organizational challenges associated with its size,
Accenture might be unable to achieve its business objectives; if Accenture or
ASM Research is unable to collect its receivables or unbilled services,
Accenture’s or ASM Research’s results of operations, financial condition and
cash flows could be adversely affected; Accenture’s and ASM Research’s share
price and results of operations could fluctuate and be difficult to predict;
Accenture’s results of operations and Accenture’s share price could be
adversely affected if Accenture or ASM Research 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 by
Accenture. Statements in this news release speak only as of the date they were
made, and Accenture and ASM Research undertake 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 or ASM Research’s
expectations.

Contact:

Accenture
Joanne Veto, + 703 963 4212
joanne.m.veto@accenture.com
or
Accenture
Jenn Francis, + 630 338 6426
jennifer.francis@accenture.com