BT and Accenture Sign Five-Year Learning Outsourcing Contract.LONDON -- BT and 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 ) have signed a five-year, $127 million (GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 70 million) business processing outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. (BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra ) contract for learning services. This contract renews a previous learning agreement between the two companies and complements the 10-year (US$575 million) 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. outsourcing contract signed by BT and Accenture in January 2005. The services to be provided under the new contract include technical and safety training around switching, data, transmission and network technologies. In addition, the contract covers the design, development and delivery of sales force and management training programs for BT employees. The services will be delivered by Accenture Learning, an Accenture business that provides outsourced learning solutions to government agencies and corporate enterprises world-wide. The new contract will take effect August 1, 2005. "This contract will play a key role in BT's continuing transformation into a leading IT and network services organization in the digital networked economy," said Alex Wilson, BT Group human resources director. "Accenture is able to provide a fully flexible deal structure combined with the security of a scalable, first-class delivery organization with global reach." "Learning is becoming a strategic function that is instrumental to achieving business results for organizations, and this deal marks another bold step by BT to put itself at the forefront of the industry by placing learning at the heart of its business," said Ellen Balaguer, managing director of Accenture Learning. "It is also is a vote of confidence in Accenture's ability to meet the needs of large multinational clients to deliver learning globally at scale and partner with companies to achieve high performance in their businesses." About Accenture Accenture is a global 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 , 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 mo·bi·lize v. 1. To make mobile or capable of movement. 2. To restore the power of motion to a joint. 3. To release into the body, as glycogen from the liver. the right people, skills and technologies to help clients improve their performance. With more than 110,000 people in 48 countries, the company generated net revenues of US$13.67 billion for the fiscal year ended Aug. 31, 2004. Its home page is www.accenture.com. About Accenture Learning Accenture Learning collaborates with its clients to help them significantly improve business and operational performance by unleashing the value of their workforces, channel partners and customers. Delivering training to more than 1 million learners globally each year, Accenture Learning is one of the largest learning services providers in the world. Providing a full range of global learning services -- from content development to comprehensive outsourcing of the learning function -- Accenture Learning helps clients establish a clear and ongoing link between learning investments and business results. Leveraging deep industry knowledge and proven delivery capabilities Accenture Learning is uniquely positioned to help organizations convert their learning investments into high performance. Its homepage is www.accenture.com/learning About BT BT is one of the world's leading providers of communications solutions serving customers in Europe, the Americas and Asia Pacific. Its principal activities include IT and networking services, local, national and international telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. , and higher-value broadband and internet products and services. BT consists principally of three lines of business: --BT Retail, providing fixed and mobile communications services and solutions and IT and networking services to more than 20 million business and residential customers in the UK. It is also a leading UK internet services provider. --BT Wholesale, providing network services and solutions within the UK to more than 600 fixed and mobile operators and service providers including the provision of broadband private circuits. --BT Global Services, providing IT and networking services internationally to meet the needs of multi-site organisations with European operations. BT Global Services operates in more than 130 countries and also offers international carrier services. In the year ended 31 March 2005, BT Group's turnover was GBP 18,623 million with profit before goodwill amortisation Noun 1. amortisation - the reduction of the value of an asset by prorating its cost over a period of years amortization reduction, step-down, diminution, decrease - the act of decreasing or reducing something 2. , exceptional items and taxation of GBP 2,085 million. BT Group plc is listed on stock exchanges in London and 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 . British Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. For more information, visit www.bt.com/aboutbt |
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