\nAccenture (NYSE: ACN) announced it has acquired Bionic<\/a> to help clients ignite customer growth through an entrepreneurial approach designed for large organizations, enabling them to launch new products and businesses that fulfill unmet customer needs. The acquisition strengthens Accenture Interactive\u2019s<\/a> ability to help its clients drive growth by reimagining experiences and seizing new market and customer opportunities with less risk and more confidence.\n<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210629006014\/en\/<\/a><\/p>\n Bionic is now part of Accenture (Photo: Business Wire)<\/p>\n<\/div>\n \nBased in New York and founded in 2013, Bionic leverages its provengrowth model, tools (GrowthOS\u2122), and entrepreneurial mindsets to institutionalize growth across Fortune 1000 companies. Bionic is comprised of 40 entrepreneurs, growth investors, and designers who have helped leading businesses including P&G (Growth Works), Exelon and AB InBev\u2019s ZX Ventures, among many others.\n<\/p>\n \n\u201cWe believe venture capital and entrepreneurship are forms of management and strategy that are incredibly relevant, but remain elusive, to big businesses as they seek growth and relevance post-pandemic,\u201d said Baiju Shah, chief strategy officer, Accenture Interactive. \u201cThe ability to deeply understand and rapidly adapt to ever-changing customer needs is the battleground for brands today. In fact, eighty percent of CEOs<\/a> acknowledge the need to reimagine their experiences to stay relevant to their customers. Bionic and Accenture Interactive will bring a new experience-led approach to customer growth, including a playbook for brands to build the organizational and operational muscles to innovate at pace.\u201d\n<\/p>\n \nBionic will join Accenture Interactive\u2019s Growth and Business Design practice, which was established to meet client demand for a new approach to growth. The multidisciplined practice brings together designers, strategists, technologists, entrepreneurs, venture investors, <\/b>change makers and innovators to help clients unlock new revenue streams and enable organizations to innovate at scale. Bionic\u2019s proprietary GrowthOS\u2122 will enhance Accenture Interactive\u2019s existing capabilities to catapult growth for clients with a proven, customizable, scalable and repeatable solution.\n<\/p>\n \n\u201cBrands today recognize, more than ever, that they\u2019re in a battle for new sources of growth, but often lack the capability and poise to attack those opportunities,\u201d said Pat Connolly, global Growth and Business Design practice lead, Accenture Interactive. \u201cMany leaders know they need to adapt to meet fast-changing customer expectations, but face challenges making it happen. Bionic\u2019s GrowthOS\u2122, combined with Accenture Interactive\u2019s full suite of capabilities and accelerators, will enable our clients to improve the success rates of new growth initiatives with less risk.\u201d\n<\/p>\n \n\u201cIn order to catalyze growth, business leaders need to adopt, drive and scale new growth mindsets and systems, resulting in a culture of transformation and growth that is capable of adapting to disruption. Bionic\u2019s success has been anchored in a venture-inspired approach that unlocks the potential of an organization through discovering new ideas, methodologies, and business models,\u201d said David Kidder, co-founder, and CEO of Bionic. \u201cJoining forces with Accenture Interactive will bring both speed and scale to our clients, moving them toward a new future of always-on innovation and growth.\u201d\n<\/p>\n \n\u201cAccenture Interactive and Bionic have a shared vision for empowering businesses to grow and thrive in an unpredictable world,\u201d said Anne Berkowitch, co-founder, Bionic. \u201cBionic brings evidence-backed methodologies to enhance Accenture\u2019s ability to scale new businesses and revenue streams for the world\u2019s biggest brands. This combination in the market will catapult the value we can create for our clients, and we couldn\u2019t be more excited to see what the future holds.\u201d\n<\/p>\n \nFinancial terms of the transaction are not being disclosed.\n<\/p>\n About Accenture<\/b><\/p>\n \nAccenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services \u2014 all powered by the world\u2019s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com<\/a>.\n<\/p>\n \nAccenture Interactive is reimagining business through experience. We drive sustainable growth by creating meaningful experiences that live at the intersection of purpose and innovation. By connecting deep human and business insights with the possibilities of technology, we design, build, communicate and run experiences that make lives easier, more productive and rewarding. Accenture Interactive is ranked the world\u2019s largest digital agency by Ad Age<\/i> and has been named a Most Innovative Company by Fast Company<\/i>. To learn more, follow us @AccentureACTIVE<\/a> and visit www.accentureinteractive.com<\/a>.\n<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nExcept 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 \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201clikely,\u201d \u201canticipates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpositioned,\u201d \u201coutlook\u201d 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. Many of the following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture\u2019s results of operations have been significantly adversely affected and could in the future be materially adversely impacted by the COVID-19 pandemic; Accenture\u2019s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company\u2019s clients\u2019 businesses and levels of business activity; Accenture\u2019s business depends on generating and maintaining ongoing, profitable client demand for the company\u2019s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company\u2019s results of operations; if Accenture 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, the company\u2019s business, the utilization rate of the company\u2019s professionals and the company\u2019s results of operations may be materially adversely affected; Accenture could face legal, reputational and financial risks if the company fails to protect client and\/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture\u2019s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture\u2019s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company\u2019s effective tax rate, results of operations, cash flows and financial condition; Accenture\u2019s ability to attract and retain business and employees may depend on its reputation in the marketplace; as a result of Accenture\u2019s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; Accenture\u2019s business could be materially adversely affected if the company incurs legal liability; Accenture\u2019s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture\u2019s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company\u2019s results of operations could be adversely affected; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture\u2019s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture\u2019s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders\u2019 ownership interest in the company; 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 \u201cRisk Factors\u201d heading in Accenture plc\u2019s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes 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\u2019s expectations.\n<\/p>\n Copyright \u00a9 2021 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.<\/i><\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210629006014\/en\/<\/a><\/span><\/p>\n \nKelly Coffed \n\u00a0\n<\/p>\n KEYWORDS:<\/b> United States North America New York<\/p>\n INDUSTRY KEYWORDS:<\/b> Software Networks Consulting Advertising Data Management Communications Professional Services Technology<\/p>\n![\"Bionic](\"https:\/\/mms.businesswire.com\/media\/20210629006014\/en\/888397\/4\/Bionic.jpg\")
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Accenture
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+1 404 219 3100
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kelly.coffed@accenture.com <\/a><\/p>\n
![\"Photo\"](\"https:\/\/mms.businesswire.com\/media\/20210629006014\/en\/888397\/3\/Bionic.jpg\")
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