Overview:
On 13 July 2022, Accenture announced that it had signed an agreement to acquire The Stable, a Minneapolis, MN-based digital commerce agency, in a move to boost its commerce transformation capabilities in North America.
Terms of the transaction were not disclosed.
About Accenture:
Accenture is a leading global professional services company with capabilities in digital, cloud and security delivered by its strategic business units – Strategy & Consulting, Technology, Operations, Accenture Song (formerly Accenture Interactive) and Industry X, its Advanced Technology and Intelligent Operations unit.
It has over 710,000 employees across 120 countries.
About The Stable:
Founded in 2015, The Stable is a digital commerce agency.
It provides end-to-end omnichannel commerce capabilities that drive revenue and efficiency for brands across consumer goods, retail, marketplaces and direct-to-consumer channels.
The company has over 400 employees.
It featured on Inc’s list of the top 5,000 fastest growing private companies in the US in 2021.
The company is headquartered in Minneapolis, MN.
Transaction rationale:
The acquisition will enhance Accenture Song’s global commerce transformation capabilities and its ability to rapidly build and operate data-driven digital commerce ecosystems that maximize sales performance and deliver innovative marketing and commerce experiences.
It is in line with Accenture’s Song strategy to deepen its broad, scalable set of capabilities to gain share in a rapidly growing digital commerce market that is expected to reach $27 trillion by 2027.
The Stable’s team will be a noteworthy addition to Accenture’s commerce services, strengthening its world-class strategy, design, performance, technology and large-scale operations capabilities.
This is Accenture’s latest in a series of acquisitions that it has consummated to scale digital commerce capabilities and excellence, including Businet System and Tambourine both located in Japan, Openmind in Italy, Glamit in Argentina, and Experity in Brazil.
The Chesapeake Group was not an advisor in this transaction.
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