Technology

Accenture Adds to Cloud Portfolio With Newest Acquisition

Chris Lange

Published: January 4, 2016 1:15 pm

Last Updated: January 13, 2020 3:28 pm

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.

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.