Accenture Adds to Cloud Portfolio With Newest Acquisition

Photo of Chris Lange
By Chris Lange Updated Published
Accenture Adds to Cloud Portfolio With Newest Acquisition

© Thinkstock

Accenture PLC (NYSE: ACN) is continuing to add to its cloud portfolio with its newest acquisition. This company has acquired CRMWaypoint, a supplier of cloud advisory and technology services in the Netherlands, specializing in Salesforce cloud solutions for sales, service and marketing.

Ultimately, this acquisition will strengthen Accenture’s position as a leading cloud services company. It reinforces the Cloud First agenda that provides clients with high-standard cloud strategy and technology consulting, as well as cloud application implementation, integration and management services.

At this point, CRMWaypoint’s staff will join the Accenture Cloud First Applications team, which delivers cloud services for Salesforce, Workday, ServiceNow, Google and other “pure play” cloud technologies.

Previously, Accenture acquired Cloud Sherpas in October 2015 in the same manner. Cloud Sherpas was a leader in cloud advisory and technology services specializing in Google, Salesforce and ServiceNow.
[recirclink id=296385]
Peter van Tilburg, Accenture’s Cloud First Applications lead for the Netherlands, commented:

The addition of CRMWaypoint gives us access to a sizable force of highly skilled and sought-after Salesforce professionals in the Netherlands and beyond. Together we are even better positioned to meet the growing demand for cloud solutions. Our Cloud First agenda is focused on helping clients improve their business growth, agility and competitive advantage by leveraging all of the benefits cloud can deliver.

Ton van der Meer, founder and CEO of CRMWaypoint, added:

Over the past years, we’ve forged a team delivering significant growth in the Netherlands, which culminated in our company being recognized as a platinum partner by Salesforce in 2015. As a next step, we’re excited to become part of Accenture as this will give us even more opportunity to develop our people and leverage their skills to drive cloud adoption and implementation for leading brands on a global scale.

Shares of Accenture were trading down 2.9% at $101.47 on Monday, with a consensus analyst price target of $112.50 and a 52-week trading range of $83.47 to $109.86.

Contact [email protected] for any questions or corrections.

Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

ABT • Vol: 32,759,274
JBHT • Vol: 2,470,629
ERIE • Vol: 551,449
DXCM • Vol: 6,640,120
CTAS • Vol: 4,247,943

Top Losing Stocks

STX • Vol: 6,222,077
GLW • Vol: 17,711,232
WDC • Vol: 10,542,662
CTRA • Vol: 73,319,495
SMCI • Vol: 36,032,049