By The Financial District
Accenture Expands Technology Business Management Capabilities
Advocate Networks, LLC, a leading technology consultant and managed services provider of Technology Business Management (TBM) solutions that help enterprises create business value, save money, and modernize their technology platforms, has been bought by Accenture (NYSE: ACN). The transaction's terms were not disclosed.
Photo Insert: Accenture's Technology Strategy & Advisory practice helps clients establish their technology ambitions and develop the roadmaps and execution plans they need to get the most out of their technology investments.
Advocate's team of more than 85 experts, based out of Norcross, Georgia, will join Accenture's Technology Strategy & Advisory division, offering skills for helping clients define, architect, and quantify value from their digital and cloud transitions.
The company boasts of strong technological experience and a full array of services to assist firms in aligning technology investments with business goals and save money to reinvest in growth and transformation initiatives.
“Organizations expect their technology investments to fuel innovation and transform business operations and are increasingly adopting TBM principles to optimize spend and deliver and demonstrate immediate strategic business value,” said Keith Boone, Accenture’s North America Technology Strategy & Advisory lead.
“With the powerful combination of Accenture and Advocate, we will offer a multitude of industry-leading resources and capabilities to help our clients measure the value of technology initiatives in a clear, quantifiable manner.”
Accenture's cloud and digital transformation services, as well as end-to-end capabilities for TBM and FinOps, are supplemented by Advocate's comprehensive array of TBM services, which range from strategic consultancy through TBM-as-a-service (TBMaaS).
Advocate also includes accelerators for industry-leading IT value management tools and dashboards, as well as services that will supplement Accenture's proprietary assets, such as Accenture Momentum, myConcerto, myDiagnostic, and myNav, with additional TBM analytics.
“For more than two decades, Advocate’s enterprise clients have relied on our dedicated team of TBM advisors, industry thought leaders, and technology specialists to improve efficiency and uncover savings for new investments,” said Tim Wise, co-founder and co-CEO of Advocate.
“We share Accenture Technology Strategy & Advisory’s purpose for helping client’s architect and realize exceptional business value from technology and are excited to bring our combined capabilities to both new and existing customers.”
Accenture's Technology Strategy & Advisory practice helps clients establish their technology ambitions and develop the roadmaps and execution plans they need to get the most out of their technology investments.
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