Tequity’s client Nashco Consulting Ltd., a provider of consulting, design and implementation services for ServiceNow has been acquired by ®Accenture (NYSE: ACN). The acquisition further strengthens Accenture’s position as a leader in the ServiceNow partner ecosystem and enhances the company’s technology capabilities and deep industry experience in cloud strategy, implementation, integration and management for clients seeking to tap the As-a-Service economy.
“The acquisition of Nashco supports our Cloud First agenda, further expands our service cloud capabilities and adds to our capacity to help clients on their journey to the cloud easier and more efficient” said Jack Sepple, senior managing director, Accenture Cloud and Accenture Operations group technology officer.
Nashco will become part of Accenture’s global ServiceNow practice and will significantly bolster the practice certifications in North America. The acquisition will create one of the largest ServiceNow providers in Canada and extend Accenture’s overall ServiceNow leadership in the industry.
“ServiceNow transforms the workplace by automating workflows for IT, security, customer service and HR,” said David Schneider, chief revenue officer, ServiceNow. “Accenture’s acquisition of Nashco reinforces their commitment and excellence to transform the way customers get work done using ServiceNow. We are excited to see the depth in ServiceNow skills and the in-region growth this union will create. Together Accenture and ServiceNow are delivering game-changing economics for the enterprise.”
Nashco, headquartered in Alberta, Canada, was founded in 1993 and has had an exclusive focus on ServiceNow consulting, design, and implementation services for the ServiceNow IT Service Management Suite since 2008. It has grown to be a leading ServiceNow partner and a leader in the Canadian market.
“Since our founding, we have not been afraid to embrace new directions and emerging technologies that continue to re-shape our industry,” said Ken Stainsby, Founder and CTO of Nashco. “By joining forces with Accenture, our clients will be able to solve their IT business challenges more rapidly by leveraging Accenture’s deep industry expertise and breadth of solutions that are needed in the ever-evolving cloud services environment.”
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 384,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Tequity provides M&A advisory services to Enterprise Software and Information Technology companies in the mid-market across North America and around the globe with a primary focus on strategic sales, mergers, and carve-outs. As business operations and growth specialists who have built companies, raised capital, and successfully exited, we bring real world experience to any M&A discussion.
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