Accenture (NYSE: ACN) has agreed to acquire George Group, a privately held consulting firm specializing in helping companies and governments enhance their performance through strategic process improvements, accelerated innovation and streamlined operations.
The acquisition will expand and enhance Accenture’s ability to help clients become high-performance businesses through the addition of George Group’s specialized expertise in process improvement techniques including Lean Six Sigma, which combines process improvement methodology with efficient process discipline to reduce delivery times, lower costs and increase customer satisfaction. Terms of the agreement were not disclosed.
George Group serves Fortune 500 companies and the government sector using, in addition to Lean Six Sigma, techniques such as Fast Innovation, which provides companies with methods and processes to accelerate and sustain innovation, and Conquering Complexity, which helps companies measure and reduce the impact of complexity within their organizations.
Following the acquisition, all of George Group’s approximately 250 employees are expected to transition to Accenture. Accenture is also recruiting aggressively to meet rapidly growing client demand for process-improvement solutions leading to enhanced performance.
“Both Accenture and George Group share a common vision of partnering with clients to execute strategies that help them achieve high performance. The acquisition is a great strategic fit for both parties and reflects our commitment to grow our management consulting practice and build our expertise in this vital sector,” said Mark Foster, Accenture’s group chief executive–Management Consulting & Integrated Markets. “We have identified the areas of process excellence and next-generation process re-engineering as important elements of our plan for growth, and the addition of George Group’s talented professionals, specialized techniques and expertise, and thought leadership will significantly expand our capabilities in these areas.”
James Works, president and CEO of George Group, said, “This is an ideal fit for our clients and consultants. Joining forces with Accenture allows us to extend and deliver our unique and differentiated capabilities to an even broader market, enabling us to offer our clients a full complement of consulting services, industry knowledge and expertise.”
Mike George, founder and chairman of George Group, said, “Accenture and George Group both share a culture and commitment of delivering value to clients, and we’re excited by the benefits that the combined talents and resources of our organizations will provide.”