Accenture acquires New Energy Group, adds 450 professionals

14 September 2016 Consultancy.uk

Accenture has acquired the New Energy Group, a Southern European based group of companies focused on supporting enterprise companies with Salesforce and cloud applications. The deal, the value of which has not been disclosed, sees around 450 professionals transfer to Accenture’s Accenture Cloud First Applications team.

The New Energy Group (NEG) was established in 2005. NEG is composed of four companies that offer a range of consultancy services related to System Integration into CRM, WEB application and Digital Marketing environments. The company, which has seven offices spread across Southern Europe and London, serves large enterprise clients in the areas of Media, TLC, Utility, Banking & Insurance, Fashion and other Industry sectors. NEG employs around 450 professionals, many of whom are specialised in Salesforce solutions, spread across its four businesses: New Energy Salesforce and Mind, which are both based in Italy; Aborda in Spain; and Bit2win, which houses a range of products and solutions based on Salesforce for the Group.

The acquisition of NEG by Accenture is aimed at further solidifying the firm’s position in the field of Salesforce solutions in Italy and Spain, as well as boosting its services capabilities for its international client base. Following the closure of customary conditions surrounding the deal, the Group is to be integrated into Accenture’s Accenture Cloud First Applications team, which is focused on “pure play” cloud systems from, among others, Salesforce, Workday, ServiceNow, Google, Pegasystems. The value of the deal is not disclosed.

Accenture acquires New Energy Group

Saideep Raj, Managing Director, Cloud First Applications, Accenture, says, “We continue to invest in our Cloud First agenda and expand our capabilities in Europe, as evidenced by our agreement to acquire New Energy Group, which will reinforce Accenture’s position as a leading provider of Salesforce capabilities in Italy and Spain. By integrating New Energy Group’s people and assets with ours, we will grow the best cloud talent in Europe and around the world to provide clients with unmatched cloud services and digital capabilities. As a result of this acquisition, Accenture will continue to lead in the new era of service delivery and flexibility, where applications, infrastructure and business processes are brought together and delivered As-a-Service.”

Giuseppe Mammola, the founder and CEO of the NEG, says that the firm is “proud” to be joining Accenture and that the combination will allow the company to better use its skilled and innovative capabilities to service clients through Accenture’s global scale. Mammola adds, “Our focus on cloud and digital transformation will be empowered and will offer our clients unmatched opportunities to realise the full potential of the ‘As-a-Service’ economy. Our Bit2win software suite will be enhanced by Accenture’s industry expertise and its global investment and network of businesses. We have always been excited by change and now we are joining forces with Accenture for a new challenge – to provide leading and innovative solutions in a cloud world.”

The deal builds on a string of cloud-related acquisitions closed by Accenture in recent months. In October last year the firm acquired Cloud Sherpas, a cloud advisory and technology services provider in the US and in January 2016 Accenture picked up Netherlands-based CRMWaypoint. Other recent acquisitions include Tquila UK and ClientHouse, both completed in 2015.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”