Accenture Completes Acquisition of S3 TV Technology, Expanding Digital Video Service Capabilities

From Accenture:

Accenture Completes Acquisition of S3 TV Technology, Expanding Digital Video Service Capabilities

 
NEW YORK; Oct. 22, 2015 – Accenture (NYSE: ACN) completed its acquisition of S3 TV Technology, a business unit of Dublin-headquartered S3 Group that delivers consulting, automated testing, service monitoring and diagnostic solutions to video service providers globally. S3 TV Technology is comprised of all the TV technology resources and assets of S3 Group. Accenture will integrate S3 TV Technology’s StormTest® automated testing platform and video consulting capabilities with Accenture Digital Video Services software and solutions, which is part of Accenture’s Communications, Media and Technology group. This enhanced portfolio will help video service providers improve the quality and performance of their services in an increasingly competitive and evolving market.
 
This acquisition, announced on September 8, expands Accenture’s global video consulting, systems integration, DevOps, monitoring, and diagnostics capabilities across all video industry markets including cable operators, broadcasters, communications service providers and new entrants in digital TV. Accenture Digital Video Services will augment its capabilities that help video businesses create and evolve high quality products that can access linear content through broadband (IP) and broadcast networks as well as non-linear services including catch-up TV and video on demand (VOD) through broadband networks.
 
“We are pleased to close on this acquisition which is resulting in a powerful combination of digital video solution and services providers,” said Francesco Venturini, managing director and Accenture Digital Video Services lead. “The abundant capabilities of Accenture Digital Video Services and Accenture Video Solution software, matched with S3 TV Technology’s automation, monitoring and diagnostic solutions, video technology consulting capabilities, and systems integration experience, will enable Accenture to help video service providers deliver products and services to market faster and create a sophisticated user experience.” 
 
About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with more than 358,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$31.0 billion for the fiscal year ended Aug. 31, 2015. Its home page is www.accenture.com.

Forward-Looking Statements 
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adverse changes to the company’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; many of the company’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; if the company is unable to collect its receivables or unbilled services, the company’s results of operations, financial condition and cash flows could be adversely affected; 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Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
 

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