- Accenture recently announced it is buying AlphaBeta Advisors, a privately held Australian consultancy that combines business strategy, data analytics, and econometrics. These are the details.
Accenture recently announced it is buying AlphaBeta Advisors — which is a privately held Australian consultancy that combines business strategy, data analytics, and econometrics to advise leading organizations on how to respond to technological, economic, and social change. And this acquisition will enable Accenture to expand its analytics-led Strategy capabilities in the market.
AlphaBeta Advisors is an advisor to leading organizations across all major industries like government, technology, and financial services. And AlphaBeta Advisors helps clients to better understand the market forces shaping their industries now and into the future so that they can remain relevant and grow. Plus AlphaBeta Advisors experts have worked on projects aimed at tackling some of Australia’s biggest contemporary challenges like the future of work, national reform programs, and technology and innovation.
Launched in 2015, AlphaBeta Advisors has a presence in Sydney, Melbourne, and Canberra. And the company employs an experienced team of about 35 people with backgrounds in data analytics, economics, and public policy.
Over the past year, Accenture made four other acquisitions in Australia, including SAP and business intelligence specialists Icon Integration in February 2020, specialist government consultancy Apis Group in December 2019, big data and analytics company Analytics8 in August 2019, and cybersecurity and technology company BCT Solutions in June 2019.
Accenture has 505,000 people serving clients in over 120 countries. And the Accenture Strategy arm combines deep industry expertise, advanced analytics capabilities, and human-led design methodologies which enables clients to act with speed. By identifying actionable paths to accelerate competitive agility, Accenture Strategy helps leaders in the C-suite execute strategies that drive growth.
The acquisition was signed and closed at the same time. The terms of the transaction were undisclosed.
Key Quotes:
“In its short history, AlphaBeta Advisors has carved out a unique and differentiated position in the local marketplace. We are strongly aligned in how we work with organizations to address some of the most pressing issues and opportunities of our time. AlphaBeta Advisors’s data and analytics-led approach to strategy and consulting will boost the specialized strategic advice Accenture offers clients to help them achieve competitive agility by turning data-driven insights into real action and impact.”
– Robert Easton, chairman of Accenture in Australia and New Zealand
“Following a period of rapid growth, we are ready to take our business to the next level. By joining forces and combining our data-led advisory services with Accenture’s world-class strategy capabilities, we will be best positioned to guide clients on the journey from strategy through to execution.”
– Andrew Charlton, founder and director at AlphaBeta Advisors.
