Accenture (NYSE: ACN) has acquired Advocate Networks, LLC, a leading technology consultancy and managed services provider of Technology Business Management (TBM) solutions that help organizations create business value, achieve cost savings and modernize their technology platforms. Terms of the transaction were not disclosed.

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Accenture acquired Advocate Networks, technology consultancy and managed services provider of Technology Business Management solutions. (Photo: Business Wire)

Headquartered in Norcross, Georgia, Advocate’s team of more than 85 professionals is joining Accenture’s Technology Strategy & Advisory practice, bringing capabilities for helping clients define, architect and measure value from their digital and cloud transformations. Advocate has deep technology expertise and a full suite of services that help organizations align technology investments with business goals and uncover savings to reinvest in initiatives that drive growth and transformation.

“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 full suite of TBM services, from strategic advisory to TBM-as-a-service (TBMaaS), complement Accenture’s cloud and digital transformation services and end-to-end capabilities for TBM and FinOps. Advocate also brings accelerators for industry-leading tools and dashboards for IT value management and services that will enhance insights provided by Accenture’s proprietary assets, such as Accenture Momentum, myConcerto, myDiagnostic and myNav, with additional TBM analytics.

“For more than two decades, Advocate’s enterprise clients have relied on our dedicated team of TBM advisors, industry thought leaders and technology specialists to improve efficiency and uncover savings for new investments,” said Tim Wise, co-founder and co-CEO of Advocate. “We share Accenture Technology Strategy & Advisory’s purpose for helping clients architect and realize exceptional business value from technology and are excited to bring our combined capabilities to both new and existing customers.”

Accenture’s Technology Strategy & Advisory practice works with clients to define their technology visions and build the necessary roadmaps and execution plans to create sustainable value from technology investments.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

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