Accenture to Acquire Pecaso, a Leading Information Technology Firm for SAP Human Capital Management; Addition of Pecaso's People and Technology Will Build on Accenture's Leadership in Human Resources Management Solutions.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & HEIDELBERG, Germany -- Accenture (NYSE NYSE See: New York Stock Exchange :ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ) has agreed to acquire Pecaso Limited, a privately held information technology firm specializing in SAP Human Capital Management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and integration services for multinational corporations
The addition of Pecaso's people and technology builds on Accenture's leadership in human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. management solutions. Terms of the transaction, which is subject to merger-control clearance in Germany and is expected to close within 30 days, were not disclosed. Founded in 1994 by former SAP executives Martin Braun Martin Braun (born November 18, 1968) is a former German footballer. The midfielder had a long career in football, and retired in 2003. After his retirement he worked as an agent for SC Freiburg. He had also played for 1. and Thomas Kastner, Pecaso has delivered more than 1,000 implementations of SAP Human Capital Management to more than 700 clients around the world. Upon closing of the acquisition, Braun, Kastner and all key members of Pecaso's leadership team, in addition to Pecaso's approximately 300 HR and IT experts in seven countries and its proprietary technology, will become part of Accenture, within its Human Performance practice. Industry analysts estimate that the market for SAP Human Capital Management is growing annually by more than 10 percent worldwide and by more than 25 percent in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "The Pecaso acquisition enables us to better serve clients by broadening and deepening our pool of resources, tools and capabilities for a leading technology platform in human resources, SAP Human Capital Management," said Peter Cheese, global managing director of Accenture's Human Performance practice. "Clients, who tell us that managing their workforces is becoming ever more complex, will benefit greatly from Pecaso's exceptional combination of expertise in HR and IT." "Together, Accenture and Pecaso are determined to become a preferred provider of end-to-end services using the SAP Human Capital Management platform," said Braun, Pecaso's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We look forward to working with our new Accenture colleagues to offer services spanning the entire human resources lifecycle, including planning, organizational and business-process design, the development and implementation of SAP Human Capital Management systems and e-HR solutions, supported by training and long-term support." Upon closing of the acquisition, Accenture will have more than 5,000 human capital professionals helping clients continuously improve the efficiency and effectiveness of their human resources functions and workforces. About Accenture Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 129,000 people in 48 countries, the company generated net revenues of US$15.55 billion for the fiscal year ended Aug. 31, 2005. Its home page is www.accenture.com. |
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