Wired News - Accenture Expands in China with Acquisition of HO Communication

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LONDON, UK / ACCESSWIRE / May 25, 2018 / If you want access to our free research report on Accenture PLC (NYSE: ACN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ACN as the Company's latest news hit the wire. On May 23, 2018, the Company announced that it has inked a deal to acquire Shanghai-based HO Communication, which is a full-service digital marketing agency in China with a strong portfolio of local and multinational clients. The financial terms of the transaction remained undisclosed. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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The acquisition will expand the ability of Accenture Interactive to bring its unique blend of digital design, marketing, content, and commerce services to clients in Greater China seamlessly and at scale.

HO Communication will Strengthen Accenture's Ability to Meet the Growing Digital Demands of its Clients

Wei Zhu, Chairman of Accenture Greater China, stated that the Company is committed to China and its clients to continuously uplift its capabilities, especially in an area as critical as digital to help the clients transform and grow. Zhu added that China is the world's largest digital consumer market. HO Communication will strengthen Accenture's ability to meet the growing digital demands of its clients, be their partner of choice in digital transformation, and help them achieve better business performance.

HO Communication's Leading Omni-Channel Customer Engagement Capabilities will Add to Accenture Interactive's Existing Offerings in Greater China

Jason Chau, Managing Director of Accenture Interactive Greater China, stated that HO Communication's leading omni-channel customer engagement capabilities will add to Accenture Interactive's existing offerings in Greater China. Combined with Accenture's scale across all its capabilities in Greater China, the Company will provide a compelling client proposition for maximum impact to business performance. Chau added that the combination will put a more complete set of capabilities at the fingertips of Accenture's clients, enabling them to harness the creativity of a digital marketing agency and the insights of a business consultancy, and giving them access to a technology powerhouse to create the best experiences on the planet.

Accenture Interactive Portfolio in Greater China Currently Includes Fjord, PacificLink, Altima, and Mackevision

HO Communication is the latest addition to the Accenture Interactive portfolio in Greater China, which includes Fjord, a global leader in design and innovation consultancy; PacificLink, an independent set of digital agencies in Hong Kong; Altima, a digital commerce agency; and Mackevision, a leading producer of CGI and immersive content. Together, they help clients envision, create, and operationalize the best customer experiences possible. Accenture Interactive's vision is to make best-in-class digital capabilities seamlessly available to clients to co-create and design innovative solutions in Accenture's Interactive Studios.

Accenture's Recent Acquisition Deal

On May 08, 2018, the Company completed its acquisition of Certus Solutions, one of the UK's top Oracle Cloud implementation service providers. Certus Solutions became part of Accenture's Oracle practice, further strengthening its capabilities in delivering digital transformation on Oracle Cloud. The acquisition, first announced on April 30, 2018, completed all required closing conditions. The financial terms were disclosed. Together, Accenture and Certus Solutions combined deep cloud experience, transformational expertise, and industry knowledge to better serve clients on their journey to Oracle Cloud.

About HO Communication

Founded in 2014 and headquartered in Shanghai, China, HO Communication is one of the leading independent, digital integrated marketing agencies focused on omni-channel brand experiences and customer engagement. It offers a connected set of marketing services ranging from content creation and creative design to branding and media services that create engaging brand experiences for clients.

About Accenture Plc

Accenture is a leading global professional services organization, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders.

Stock Performance Snapshot

May 24, 2018 - At Thursday's closing bell, Accenture's stock was slightly up 0.18%, ending the trading session at $155.59.

Volume traded for the day: 1.91 million shares.

Stock performance in the last month – up 3.66%; previous six-month period – up 5.12%; past twelve-month period – up 27.59%; and year-to-date - up 1.63%

After yesterday's close, Accenture's market cap was at $99.81 billion.

Price to Earnings (P/E) ratio was at 26.38.

The stock has a dividend yield of 1.71%.

The stock is part of the Technology sector, categorized under the Information Technology Services industry.

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