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Accenture (NYSE: ACN) has signed an agreement to acquire the Workday, Salesforce and U.S. MuleSoft practices from Sierra-Cedar. The acquisition will fortify Accenture’s leading position in the Workday ecosystem and broaden Accenture services to higher education and government organizations seeking to transform core software systems for human resources, finance, accounting and student services.
“We are focused on our clients’ priorities for more efficient, secure, transparent and customer service-oriented operations, and the practitioners joining Accenture have the industry and platform skills that are at the center of many such efforts,” said Ryan Gaetz, managing director of Accenture’s education and government-focused Workday practices. “By bolstering our practice focused on Workday Student, Financial Management and Human Capital Management, Accenture can help our clients achieve a greater set of outcomes.”
Sierra-Cedar’s Workday practice brings deep industry experience and expertise in the small and medium-sized education and government markets. Once finalized, approximately 275 professionals across the United States will join Accenture’s Workday, Salesforce and MuleSoft practices, focused on modernizing complex core operational systems and processes for higher education and government clients.
“Accenture is committed to investing in innovation that helps advance our ability to meet and exceed client demands and builds our talent base,” said Jonathan Fry, managing director of Accenture’s global education practice. “This team brings deep client-centric skills and an array of expert capabilities that align with and significantly boost our offerings to higher education and government.”
In its 2019 fiscal year, Accenture invested nearly US$1.2 billion globally on 33 acquisitions to acquire critical skills and capabilities in strategic, high-growth areas of the market.
Accenture was recently named a leader in The Forrester New Wave™: Workday Implementation Partners, Q3 2019 report. Accenture received a differentiated rating, the highest score possible, in seven out of 10 criteria.
The transaction is expected to close in early 2020. Terms of the transaction are not being disclosed.