26 Jun Accenture splashes $20m on defence firm
“It’s taking all that technology, which isn’t necessarily specific to defence or national security or public safety, using the … frontline knowledge of BCT, along with the capabilities of Accenture around how we integrate technology and do things at scale,” she said.
Accenture has entered into 41 contracts worth more than $150 million since 2017 with Defence for a range of services mainly around information technology system support and development. During the same time, BCT has entered into 16 contracts worth almost $18 million with defence for software support and training services.
Having consultants that have a security clearence is a valuable resource when it comes to working for the federal government, due to the backlog in processing the vetting.
“Obviously, we see significant opportunity in the marketplace for the unique value proposition we have with BCT and Accenture coming together. We believe there is substantial growth in this area,” Ms Garner said.
The estimated purchase price involved is another demonstration of the US-listed Accenture’s strong balance sheet and willingness to pay a premium for market-leading firms.
In 2017, Accenture purchased creative agency The Monkeys for $63 million, a price well beyond what the big four consulting firms Deloitte, EY, KPMG and PwC would pay.