Accenture Expands its Digital Capabilities in API Management Through Strategic Relationship with Api
Accenture Expands its Digital Capabilities in API Management Through Strategic Relationship with Apigee
Accenture also invests in Apigee's latest round of funding
NEW YORK & PALO ALTO, Calif.--(BUSINESS WIRE)-- Accenture (NYS: ACN) and Apigee, which develops software to help customers build mobile platforms with apps, data and APIs, have expanded their relationship, forming a global alliance to deliver solutions that help clients more easily build mobile applications and connect enterprise systems.
In addition to the alliance agreement, Accenture has invested in Apigee and will join the company's Advisory Board. Accenture will also serve as a preferred systems integrator of Apigee and will provide input to Apigee's product roadmaps. Terms of Accenture's investment were not disclosed.
APIs are emerging as a strategic IT capability, allowing businesses to simplify mobile application integration and accelerate the creation of digital services. With this new strategic relationship, Accenture will expand its services to capitalize on the rapidly growing market for enterprise API solutions. This will include new capabilities in the Accenture Managed Mobility Services solution and Accenture Cloud Platform.
"As our clients go digital, they are looking for ways to more rapidly deploy mobile applications and integrate cloud platforms across their enterprise systems," said Jin Lee, senior managing director, Accenture Mobility. "API-based infrastructure has emerged as an innovative and very promising solution to these challenges, and we're pleased to expand our relationship with Apigee, who is a leader in this area."
"An alliance relationship with a company like Accenture is an important milestone for Apigee and will help us more rapidly expand our global reach as more enterprises transform for the mobile computing revolution," said Chet Kapoor, CEO, Apigee. "For Accenture, this alliance means they will have greater access to solutions that can help drive their digital strategies, allowing them to focus more on product innovation, business development and speed to market."
"Leveraging the capabilities of Apigee and other companies in the ecosystem enables Accenture to deliver innovative solutions for clients looking to seize opportunities as they develop into digital businesses," added Lee.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 266,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
Accenture Mobility is focused on enabling its clients to achieve breakthrough growth throughout the rapidly changing mobility ecosystem. Accenture Mobility offers five mobility services including consulting, software services - applications, software services - devices and platforms, managed services, and business integration services. These are designed to help organizations embrace business to employee (B2E), business to consumer (B2C), business to business (B2B) and machine to machine (M2M) business opportunities. Accenture offers mobility and embedded software services across a wide range of industries and platforms, including Android™, Apple® iOS, Blackberry®, Linux, Meego™, Symbian, Windows® Phone and Windows 8.
Apigee enables enterprises and developers to succeed in a dynamic, connected mobile world. The company's offerings -- Apigee Enterprise, Apigee Insights and Apigee API Exchange -- help businesses quickly build high-performing, end-to-end mobile platforms with apps, data and APIs. Apigee customers include global enterprises such as Walgreens, eBay, Shell, Live Nation, Bechtel, Marks & Spencer and Vodafone. The company's headquarters are in Palo Alto, California. To learn more, go to www.apigee.com.
Apigee is a registered trademark in the U.S. Other product or company names mentioned may be trademarks or trade names of their respective companies.
Except 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 "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook" 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. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for the company; the company's results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; the company's business depends on generating and maintaining ongoing, profitable client demand for the company's services and solutions, and a significant reduction in such demand could materially affect the company's results of operations; if the company 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's business, the utilization rate of the company's professionals and the company's results of operations may be materially adversely affected; the markets in which the company competes are highly competitive, and the company might not be able to compete effectively; the company could have liability or the company's reputation could be damaged if the company fails to protect client and/or company data or information systems as obligated by law or contract or if the company's information systems are breached; the company's results of operations and ability to grow could be materially negatively affected if the company cannot adapt and expand its services and solutions in response to ongoing changes in technology and offerings by new entrants; 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; the company's Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; the company's results of operations could materially suffer if the company is not able to obtain sufficient pricing to enable it to meet its profitability expectations; if the company's pricing estimates do not accurately anticipate the cost, risk and complexity of the company performing its work or third parties upon whom it relies do not meet their commitments, then the company's contracts could have delivery inefficiencies and be unprofitable; the company's work with government clients exposes the company to additional risks inherent in the government contracting environment; the company's business could be materially adversely affected if the company incurs legal liability in connection with providing its services and solutions; the company's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company's alliance relationships may not be successful or may change, which could adversely affect the company's results of operations; outsourcing services and the continued expansion of the company's other services and solutions into new areas subject the company to different operational risks than its consulting and systems integration services; 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; the company has only a limited ability to protect its intellectual property rights, which are important to the company's success; the company's ability to attract and retain business and employees may depend on its reputation in the marketplace; the company might not be successful at identifying, acquiring or integrating businesses or entering into joint ventures; 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; 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; changes in the company's level of taxes, and 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; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; 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 share price and results of operations could fluctuate and be difficult to predict; 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. 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's expectations.
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