Accenture to acquire IBB Consulting to expand Accenture Strategy capabilities in communications, media & technology industry
Sep 7, 2017
NEW YORK; Sept. 6, 2017 – Accenture (NYSE: ACN) has signed an agreement to acquire IBB Consulting, a premier consulting firm that helps leading broadband and mobile operators, media companies and technology providers identify emerging industry shifts, adapt to market changes and capitalize on new business and technology opportunities. IBB Consulting will strengthen the ability of Accenture Strategy to advise clients in the Communications, Media & Technology (CMT) industries by designing business and technology strategies to create future value, drive new growth and transform operations as they seek to become fully digital businesses.
Following completion of the acquisition, approximately 160 of IBB Consulting’s highly skilled professionals are expected to join the Accenture Strategy CMT industry practice. The majority of IBB Consulting’s workforce are based in North America, with the balance based in Australia. The acquisition will expand Accenture’s capabilities in delivering strategy services for CMT clients with pioneering strategic thinking around key industry issues such as networks, digital video and IPTV, digital transformation, next generation mobility, internet of things (IoT), M&A, cloud, advanced advertising, data analytics and insights, marketing optimization, and international growth.
“Companies across all industries are staking claims in the digital world, disrupting media, communications, high tech companies and IoT players, fueling deep competition from industry stalwarts and nimble new entrants alike,” said Mark Knickrehm, chief executive officer, Accenture Strategy. “The acquisition of IBB Consulting will enhance our ability to deliver deep, industry-specific strategies for our clients by helping them define and deliver a new breed of capabilities that drive competitiveness, reduce costs, leverage emerging technologies and expand operational excellence to put them atop the intersection of business, technology and operations.”
Founded in 2001 with headquarters in Philadelphia, IBB Consulting serves as convergence specialists to leading broadband, media, mobile and technology companies. IBB Consulting’s deep industry focus—that spans network infrastructure, software, content and devices—enables global clients to pioneer new products and services, develop innovative business models and successfully execute business operations.
“Our goal has always been to help clients innovate rapidly with a full lifecycle project approach, from ideation to execution,” said Dr. Imran Shah, co-founder and managing partner of IBB Consulting. “By joining Accenture Strategy, we will combine a strong culture of collaboration with a leading client-centric workforce to bring new value to clients as they seek to capitalize on the convergence happening across their industries.”
Completion of the acquisition is subject to customary closing conditions. Terms of the deal were not disclosed.