Accenture Acquires Openmind in Italy to Help Clientele Reimagine Commerce Activities

MILAN–(Business WIRE)–Accenture (NYSE: ACN) has acquired Openmind, a boutique commerce company in Italy with vital capabilities in cloud-based platforms, to satisfy customer desire in the swiftly expanding commerce sector and supply transformative activities.

Notably the to start with acquisition for Accenture Interactive in the nation, Openmind features a multidisciplinary consulting solution in the regions of commerce, written content, strategy, encounter layout and technological know-how, which will greatly enhance Accenture Interactive’s abilities to supply higher operational excellence to purchasers throughout all sector sectors, particularly luxury and manner. Conditions of the transaction ended up not disclosed.

Spurred by the pandemic, the Italian vogue business has speedily accelerated towards ecommerce and on the net profits and expects to see double-digit expansion in the up coming three years1, ensuing in the will need for requisite skills to provide info-pushed, human-centric electronic activities across connected platforms and primary cloud systems. The acquisition of Openmind will carry on to scale Accenture Interactive’s commerce capabilities in the location, giving shoppers strategy and implementation of seamless commerce ordeals on platforms including, Adobe, Salesforce and SAP alongside with serving to meet clients’ ambitions for global growth through Accenture’s world delivery community.

“We are delighted to welcome the Openmind group who will be a part of us in our mission to push increased affect and commerce efficiencies for our consumers in Italy and around the environment,” said Massimo Morielli, president of Europe for Accenture Interactive. “The pandemic accelerated the change to buying things on the web in a big way and has opened up a environment of prospects to brands to transform the commerce encounter. They can not overlook the way their clients are heading in and the deep working experience of the Openmind staff will make sure our clients have the applications wanted to make these seamless activities.”

Founded in 2004, Openmind, centered in Monza, Italy, works with some of the world’s main luxurious and style brands and was not long ago named in the Monetary Times’ FT 1000: Europe’s Swiftest Growing Businesses record. Roughly 110 staff from Openmind will join Accenture Interactive in Italy, bringing deep technological techniques and a established status with customers.

“The potential cannot be predicted, but we can aid build it,” said Ivano Cauli, CEO of Openmind, “We are energized to be a part of the Accenture Interactive crew to assist produce remarkable commerce solutions by working with the ability of foremost platforms to change the commerce practical experience. We are thrilled to be able to more our mission as a result of Accenture Interactive’s demonstrated monitor record as a leader in the business, which we are self-confident will generate accomplishment and expansion for shoppers.”

Accenture Interactive’s commerce featuring is centered on supporting clientele style and put into practice transformative activities for the buyer, giving experience in emerging platforms and modern commerce architectures this kind of as headless and composable commerce.

About Accenture

Accenture is a international expert providers organization with major abilities in electronic, cloud and stability. Combining unmatched working experience and specialised skills across a lot more than 40 industries, we give Approach and Consulting, Interactive, Technological innovation and Functions services — all driven by the world’s greatest network of Superior Technological know-how and Smart Operations centers. Our 569,000 individuals deliver on the assure of technology and human ingenuity each individual working day, serving purchasers in far more than 120 countries. We embrace the energy of improve to generate value and shared achievements for our customers, people, shareholders, partners and communities.

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Accenture Interactive is reimagining small business as a result of working experience. We generate sustainable expansion by creating significant ordeals that stay at the intersection of intent and innovation. By connecting deep human and company insights with the alternatives of technological innovation, we layout, create, communicate and run experiences that make lives easier, far more successful and gratifying. Accenture Interactive is ranked the world’s greatest electronic agency by Ad Age and has been named a Most Innovative Firm by Rapidly Organization. To find out more, follow us @AccentureACTIVE and go to

Ahead-On the lookout Statements

Except for the historical facts and discussions contained herein, statements in this information release could constitute ahead-searching statements inside the this means of the Private Securities Litigation Reform Act of 1995. Terms this kind of as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and identical expressions are employed to establish these ahead-looking statements. These statements contain a quantity of risks, uncertainties and other things that could induce precise results to vary materially from these expressed or implied. Numerous of the next threats, uncertainties and other variables identified down below are, and will be, amplified by the COVID-19 pandemic. These threats contain, devoid of limitation, threats that: the transaction may possibly not achieve the predicted added benefits for Accenture Accenture’s outcomes of operations have been significantly adversely affected and could in the foreseeable future be materially adversely impacted by the COVID-19 pandemic Accenture’s final results of functions have been, and could in the long term be, adversely influenced by unstable, damaging or unsure financial and political circumstances and the results of these conditions on the company’s clients’ enterprises and concentrations of small business action Accenture’s small business is dependent on creating and sustaining ongoing, lucrative client demand from customers for the company’s expert services and methods which include by way of the adaptation and expansion of its products and services and solutions in response to ongoing variations in technology and offerings, and a major reduction in these demand or an incapability to answer to the evolving technological setting could materially have an effect on the company’s success of functions if Accenture is unable to keep its supply of abilities and means in equilibrium with customer need all-around the earth and appeal to and retain specialists with potent management capabilities, the company’s organization, the utilization amount of the company’s professionals and the company’s effects of operations may well be materially adversely influenced Accenture could experience legal, reputational and fiscal risks if the firm fails to protect customer and/or corporation info from protection incidents or cyberattacks the markets in which Accenture operates are hugely competitive, and Accenture could not be ready to compete proficiently Accenture’s profitability could materially undergo if the corporation is not able to attain favorable pricing for its expert services and options, if the organization is not able to stay competitive, if its price-management procedures are unsuccessful or if it encounters shipping inefficiencies or fall short to satisfy selected agreed-upon targets or specific service levels adjustments in Accenture’s amount of taxes, as properly as audits, investigations and tax proceedings, or modifications in tax legal guidelines or in their interpretation or enforcement, could have a substance adverse influence on the company’s powerful tax fee, final results of functions, hard cash flows and financial ailment Accenture’s capacity to attract and keep business enterprise and staff members may well depend on its standing in the marketplace as a consequence of Accenture’s geographically varied operations and its progress approach to proceed to grow in its critical markets close to the earth, the corporation is much more inclined to selected risks Accenture’s company could be materially adversely impacted if the corporation incurs authorized liability Accenture’s perform with govt clients exposes the organization to supplemental hazards inherent in the authorities contracting environment Accenture’s benefits of operations could be materially adversely influenced by fluctuations in foreign currency trade premiums if Accenture is not able to control the organizational troubles linked with its sizing, the company may possibly be unable to realize its small business objectives if Accenture does not efficiently manage and create its interactions with crucial alliance associates or fails to foresee and build new alliances in new technologies, the company’s outcomes of functions could be adversely impacted Accenture could possibly not be profitable at obtaining, investing in or integrating enterprises, moving into into joint ventures or divesting organizations if Accenture is not able to secure or enforce its intellectual assets rights or if Accenture’s providers or methods infringe on the intellectual home legal rights of some others or the organization loses its capacity to benefit from the intellectual house of many others, its business enterprise could be adversely influenced Accenture’s success of operations and share cost could be adversely influenced if it is not able to retain effective interior controls changes to accounting criteria or in the estimates and assumptions Accenture helps make in connection with the preparation of its consolidated economic statements could adversely influence its money results Accenture might be not able to access additional capital on favorable terms or at all and if the corporation raises equity funds, it could dilute its shareholders’ possession desire in the enterprise Accenture could be matter to criticism and detrimental publicity related to its incorporation in Ireland as effectively as the risks, uncertainties and other things reviewed beneath the “Risk Factors” heading in Accenture plc’s most latest Once-a-year Report on Kind 10-K and other files filed with or furnished to the Securities and Exchange Commission. Statements in this news launch communicate only as of the day they were being made, and Accenture undertakes no responsibility to update any ahead-wanting statements made in this news launch or to conform these kinds of statements to genuine benefits or modifications in Accenture’s expectations.

[1] Resources: Osservatorio PoliMi 2020

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