Accenture acquires Blackcomb Consultants to help insurers accelerate digital transformation in the cloud

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NEW YORK & CHICAGO–(BUSINESS WIRE)–Accenture (NYSE: ACN) has acquired Blackcomb Consultants, one of Guidewire’s leading independent partners in North America. Terms of the transaction were not disclosed.

The acquisition strengthens Accenture’s ability to provide Guidewire solutions to insurers around the world to help them become cloud-first businesses. Guidewire’s end-to-end technology platform combines digital, core analytics and artificial intelligence capabilities across underwriting, billing, claims and customer relationship management functions, helping P&C insurers to rethink their cloud operations.

Based in Chicago, Illinois, Blackcomb Consultants is a provider of specialized technology services for property and casualty insurance companies, helping them improve operational agility and bring their products and services to market faster. As a Guidewire “Advantage” partner, Blackcomb Consultants’ offerings include policy administration, system implementations and upgrades, production support, cloud-hosted services, performance improvement and organizational change services. Blackcomb Consultants also has specialized capabilities in delivering Guidewire applications and services on Amazon Web Services and Microsoft Azure. Its 158 employees will join Accenture’s Industry & Function Platforms group, where they will focus on delivering Guidewire projects.

“This acquisition strengthens our ability to help insurance companies use technologies such as artificial intelligence and analytics to improve productivity and deliver hyper-personalized offers to their customers,” said John Koepke, chief technology officer of ‘Accenture for insurance in North America.

Jim Bramblet, who leads Accenture’s Insurance Industry Group in North America, added, “Blackcomb Consultants’ highly valued Guidewire capabilities will enable us to provide our clients with agility and speed of on the market even larger.

Victor Voss, co-founder of Blackcomb Consultants, said, “Amid market disruption and heightened consumer expectations, insurers are turning to platforms like Guidewire to drive strategic digital and business transformation. Accenture and Blackcomb Consultants share a vision focused on innovation for P&C insurers of all sizes, and by joining Accenture, we will be able to evolve and expand our solutions for insurers around the world, helping them create a sustainable competitive advantage.

About Accenture

Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialist skills in more than 40 industries, we offer strategy and advisory, technology and operations, and Accenture Song services, all powered by the world’s largest network of advanced technology centers and smart operations. Our 721,000 people deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, employees, shareholders, partners and communities. Visit us at www.accenture.com.

Forward-looking statements

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These risks include, but are not limited to, the risks that: Accenture and Blackcomb Consultants may not be able to complete the transaction within the expected time frame, or at all, which depends on the parties’ ability to satisfy c certain closing conditions; the transaction may not provide the expected benefits for Accenture; Accenture’s operating results have been and may be in the future affected by volatile, adverse or uncertain economic and political conditions, including Russia’s invasion of Ukraine, sanctions and other related actions that have been and continue to be imposed in response to this conflict, as well as the current inflationary environment and the effects of these conditions on the business and business levels of the Company’s customers; Accenture faces legal, reputational, and financial risks for failing to protect client and/or corporate data from security incidents or cyberattacks; Accenture’s business depends on generating and sustaining continued, profitable customer demand for the company’s services and solutions, including adapting and expanding its services and solutions in response to changing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to changes in the technological environment could materially affect the Company’s results of operations; if Accenture is unable to match people and skills to global client demand and attract and retain professionals with strong leadership skills, the business’s business, the rate use of the company’s professionals and the results of the company’s operations could be materially affected; the COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive and Accenture may not be able to compete effectively; Accenture’s ability to attract and retain businesses and employees may depend on its reputation in the marketplace; if Accenture fails to manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could suffer significantly if the company is unable to obtain favorable prices for its services and solutions, if the company is unable to remain competitive, if its cost management strategies fail or if it experiences delivery inefficiencies or fails to meet certain agreed terms. on specific objectives or service levels; changes in Accenture’s level of taxation, as well as tax audits, investigations and proceedings, or changes in tax laws or their interpretation or application, could have a material adverse effect on the effective tax rate of business, results of operations, cash flows and financial condition. condition; Accenture’s results of operations could be materially affected by fluctuations in foreign exchange rates; changes in accounting standards or in estimates and assumptions made by Accenture in preparing its consolidated financial statements could adversely affect its financial results; Accenture may not be able to access additional capital on favorable terms or at all and if the company raises equity, it could dilute its shareholders’ stake in the business; due to Accenture’s geographically diverse business and growth strategy to continue expanding in its key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company may not be able to achieve its business objectives; Accenture may not be successful in acquiring, investing or integrating businesses, forming joint ventures or divesting businesses; Accenture’s business could be materially affected if the company incurs legal liability; Accenture’s global operations expose the company to many sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe the intellectual property rights of others or if the company loses its ability to use the intellectual property from others, its activity could be negatively affected; Accenture’s results of operations and share price could be adversely affected if Accenture is unable to maintain effective internal controls; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; and the risks, uncertainties and other factors discussed under “Risk Factors” in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. 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