Accenture in talks to acquire rival Booz & Co: WSJ

Written By Unknown on Rabu, 31 Juli 2013 | 21.43

NEW YORK: Management consulting firm Accenture is in talks to acquire rival Booz & Co, a deal that would beef up its strategy and operations consulting services, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Acquisition-hungry Accenture has this year announced it would be acquiring London-based global service design consultancy Fjord and digital marketing company Acquity Group as well as Mortgage Cadence, a loan origination software company.

Representatives for Accenture were not available for comment after normal business hours. A spokeswoman for Booz & Co said the firm does not address market or media speculation pertaining to it.

Accenture has about 2,66,000 employees worldwide and net revenues of $27.9 billion for the fiscal year ended August 31, 2012, the company's website said.

Booz & Co has over 3,000 employees globally, according to information on the company's website. It ended discussions of a possible merger with AT Kearney, another management consulting firm, in July 2010.

Accenture cut its full-year outlook last month, citing a pullback in spending by its consulting business clients, after reporting third-quarter revenue below analysts' estimates.


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