History Initially called Andersen Consulting, Accenture was formally established in 1989 when a group of partners from the Consulting division of the various Arthur Andersen firms around the world formed a new organization focused on consulting and technology services related to managing large-scale systems integration and enhancing business processes. Accenture changed its name from Andersen Consulting in 2001 after severing ties from its parent company Arthur Andersen.
The company went public on the NYSE in April, 2001. | | [pic] |Accenture: The Growth of a Global Leader | | | | | |Continuous innovation and rapid transformation have been themes throughout Accenture’s history. |Initially called Andersen Consulting, Accenture was formally established in 1989 when a group of partners from the Consulting | |division of the various Arthur Andersen firms around the world formed a new organization focused on consulting and technology | |services related to managing large-scale systems integration and enhancing business processes. | |That same year Accenture formalized Business Integration, its framework for aligning a client’s people, processes and technology| |in support of its overall strategy to enable all components of the client organization to work to enhance business performance. |During its first 10 years, Accenture evolved from a systems integrator to a global management consulting and technology services| |company, providing the full range of consulting, outsourcing and related technology services. | |A New Name, A New Direction | |By 2000, Accenture had achieved more than a decade of tremendous growth, with net revenues exceeding US$9. billion and more | |than 70,000 professionals in 46 countries delivering to clients a broad range of consulting, technology and outsourcing services| |and solutions. | |On Jan. 1, 2001, the company changed its name to Accenture (from Andersen Consulting) as the result of an arbitrator’s decision | |in August 2000 that severed the contractual ties between Accenture and Andersen Worldwide Societe Cooperative (AWSC). Accenture | |then launched one of the largest and most successful re-branding campaigns in corporate history.
The new name reinforced | |Accenture’s new positioning and reflected the organization’s further growth and broadened set of capabilities. | |Since its inception in 1989, Accenture had operated as a group of locally owned independent partnerships or other entities in | |more than 40 countries. (Accenture is and has always been a global organization and has never operated under a U. S. holding | |company structure. ) By 2001, it became apparent to Accenture’s partners that maintaining the organization’s existing partnership| |structure would limit the company’s ability to continue its growth.
Therefore, the partners, more than half of whom were from | |countries other than the United States, decided to transition to corporate form, enabling Accenture to build and acquire the | |necessary capital to remain competitive and fuel its growth. | |In April 2001, Accenture’s partners voted overwhelmingly to pursue an initial public offering, and Accenture became a public | |company on July 19, 2001, when it listed on the New York Stock Exchange under the symbol ACN. |Today Accenture is a global management consulting, technology services and outsourcing company, identifying new business and | |technology trends and developing solutions to help clients around the world enter new markets, increase revenues in existing | |markets, improve operational performance, and deliver their products and services more effectively and efficiently. | | | The lower case “a” demonstrated that Accenture was approachable and accessible.
Once thelogo was revealed, the challenging task of rebranding the organization really began. ACCENTURE LAUNCHOn midnight, December 31, 2000, Andersen Consulting officially adopted the Accenture name. Accordingly, on January 1, the company’s corporate web site was changed from www. ac. com towww. accenture. com. Accenture plc (NYSE: ACN) is a global management consulting, technology consulting and technology outsourcing company. Previously incorporated in Bermuda, since 1 September 2009 the company has been incorporated in Ireland with its global headquarters located in New York. 3] It is said to be the largest consulting firm in the world, as well as being a global player within the technology consulting industry. [4] Accenture is a Fortune Global 500 company. [5] As of 2010, the company had more than 200,000 employees in more than 200 locations in over 120 countries. [4][6] Accenture’s current clients include 96 of the Fortune Global 100 and more than three quarters of the Fortune Global 500. For the fiscal year ended 31 August 2009, the company generated net revenues of US$21. 58 billion. [2][6]
