Accenture Completes Acquisition of DayNine to Boost Market-Leading Workday Capabilities
Acquisition creates the world’s largest Workday certified workforce helping transform employee experience for global clients
Accenture (NYSE:ACN) has completed its acquisition of DayNine, a leading global Workday consulting and deployment services provider with vast expertise in helping organizations transform their employee experience and financial management systems to better navigate change and drive growth. The acquisition extends Accenture’s already strong position in Workday and provides new value for clients.
“We are pleased to welcome the leadership and talented professionals of DayNine to Accenture,” said Saideep Raj, managing director, Cloud First Applications, Accenture. “As more and more organizations seek to modernize their employee experience and financial management systems, the scale and capabilities of our combined Workday certified workforce will be invaluable for clients as they transform their organizations.”
As part of this acquisition, approximately 400 DayNine professionals with more than 1,250 Workday certifications have joined the existing Accenture Workday group working within the Accenture Cloud First Applications team. The Accenture DayNine group, which is led by DayNine CEO and co-founder Tim Ramos, is now the largest certified workforce in the Workday ecosystem across all phases of Workday deployment.
DayNine, headquartered in Pleasanton, CA and with 14 additional offices across the United States, Europe, and Asia, was founded in 2009 with an exclusive focus on Workday. It has since grown to be a leading global Workday Services Partner.
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the company’s profitability could suffer if its cost-management strategies are unsuccessful, and the company may not be able to improve its profitability through improvements to cost-management to the degree it has done in the past; changes in the company’s level of taxes, as well as audits, investigations and tax proceedings, or changes in the company’s treatment as an Irish company, could have a material adverse effect on the company’s results of operations and financial condition; the company’s business could be materially adversely affected if the company incurs legal liability; the company’s work with government clients exposes the company to additional risks inherent in the government contracting environment; the company might not be successful at identifying, acquiring or integrating businesses, entering into joint ventures or divesting businesses; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to the company’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of the company’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; if the company is unable to collect its receivables or unbilled services, the company’s results of operations, financial condition and cash flows could be adversely affected; the company’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company 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 “Risk Factors” heading 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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