Accenture, a global professional services company, has acquired Advocate Networks, LLC, a technology consultancy and managed services provider of Technology Business Management (TBM) solutions. Headquartered in Norcross, Georgia, Advocate’s team is joining Accenture’s Technology Strategy & Advisory practice.
“Organizations expect their technology investments to fuel innovation and transform business operations and are increasingly adopting TBM principles to optimize spend and deliver and demonstrate immediate strategic business value,” said Keith Boone, Accenture’s North America Technology Strategy & Advisory lead. “With the powerful combination of Accenture and Advocate, we will offer a multitude of industry-leading resources and capabilities to help our clients measure the value of technology initiatives in a clear, quantifiable manner.”
Advocate’s suite of services is believed to complement Accenture’s cloud and digital transformation services and end-to-end capabilities for TBM and FinOps. Advocate also brings tools and dashboards for IT value management and services that are positioned to enhance insights provided by Accenture’s proprietary assets, such as Accenture Momentum, myConcerto, myDiagnostic and myNav, with additional TBM analytics.
Terms of the transaction were not disclosed.
Channel Impact®
The two companies are believed to have sufficient differentiation that will be combined into a stronger overall value proposition.