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USA : Accenture to acquire HB Maynard, for work precision
October 3, 2007 |  |
Accenture has agreed to acquire H.B. Maynard and Co Inc a privately held consulting, software and training firm that provides workforce-productivity-management solutions to help companies improve their performance and market competitiveness.
Maynard serves Fortune 500 companies as well as small and medium-sized businesses in the retail, manufacturing, distribution, utility and service sectors.
The acquisition will provide Accenture with Maynard’s specialized expertise in workforce performance techniques and strong suite of software tools.
The acquisition strengthens Accenture’s Human Performance practice, which provides a wide variety of services to help clients increase the performance of their workforces. Following the acquisition, Maynard employees are expected to transition to Accenture.
“This acquisition is a strategic fit for both Accenture and Maynard and reflects our commitment to further enhance our management consulting practice, particularly around retail stores and distribution, to help our clients become high-performance businesses,” said Janet Hoffman, managing director of Accenture’s Retail practice in North America.
“The combination of Accenture’s experience with the processes and tools Maynard has developed will help clients achieve operational and workforce efficiency faster and more effectively than ever before.”
Ken Smith, president of Maynard, said, “This is a great fit for our clients and the company. Joining forces with Accenture helps us extend and deliver our tools and capabilities to a broader market, enabling us to offer clients a full complement of consulting services, industry knowledge and expertise."
"Our people have been the key element of Maynard’s growth throughout our history, and they will continue to help determine our success moving forward. This acquisition provides significant career growth opportunities for our staff.”
The acquisition is subject to regulatory and other customary approvals and is expected to close within 30 days. Terms of the agreement were not disclosed. | | | | Accenture |  |
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