Accenture Completes Acquisition of Commerce Agency The Stable
NEW YORK; Aug. 16, 2022 - Accenture (NYSE: ACN) has completed its acquisition of The Stable, a commerce agency focused on helping consumer brands build and operate their own digital commerce channels as well as manage their brand and sales performance across key North American retailers, reinforcing Accenture's continued investments in commerce to help clients accelerate growth and sustain relevance. The acquisition of The Stable, previously announced
on July 13, adds more than 400 people to Accenture bringing unparalleled omnichannel commerce capabilities and expertise that drive revenue and efficiency for brands across consumer goods, retail, marketplaces and direct-to-consumer (DTC) channels. "The closing of our acquisition of The Stable signals the strengthening of our commerce capabilities," said Glen Hartman, Accenture Song's global lead for commerce services. "The depth and breadth of our commerce expertise will enable us to continue to meet clients' demand for commerce experience reinvention in a way that matches the ever-evolving relationship between customers and brands."
Founded in 2015 and recognized as one of Inc. Magazine's
fastest-growing private companies in 2021, The Stable has a track record of growing consumer brands of all sizes, stages, and verticals through omnichannel retail and DTC commerce. Financial terms of the transaction were not disclosed. As Accenture Song continues to help clients fast-track their commerce transformation across the customers' entire life journey, the acquisition of The Stable represents a significant milestone as the first commerce acquisition since the unveiling of Accenture Song.
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. 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Accenture Song accelerates growth and value for our clients through sustained customer relevance. Our capabilities span ideation to execution: growth, product and experience design; technology and experience platforms; creative, media and marketing strategy; and campaign, commerce transformation content and channel orchestration. With strong client relationships and deep industry expertise, we help our clients operate at the speed of life through the unlimited potential of imagination, technology and intelligence.
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