Accenture in Australia and NZ Acquires AlphaBeta Advisors

Accenture in Australia and NZ Acquires AlphaBeta Advisors

Accenture in Australia has been working with the country’s most successful public and private sector organisations for 32 years bringing new ideas, innovations, and solutions.

Accenture, one of the largest strategy, consulting, digital, technology and operations companies in Australia and an award-winning SAP Partner, has recently acquired AlphaBeta Advisors, a strategy and economic advisory business serving clients across Australia and Asia.

The acquisition of the Canberra-based consulting firm enables Accenture to expand its analytics-led strategy capabilities in the Australian market.

Bob Easton, Chairman of Accenture in Australia and New Zealand, said:

“In its short history, AlphaBeta Advisors has carved out a unique and differentiated position in the local marketplace.”

“We are strongly aligned in how we work with organisations to address some of the most pressing issues and opportunities of our time. AlphaBeta Advisors’s data and analytics-led approach to strategy and consulting will boost the specialised strategic advice Accenture offers clients to help them achieve competitive agility by turning data-driven insights into real action and impact,” he added. 

Economists who had reputable experiences in both academia and private sector consulting founded AlphaBeta Advisors in 2015. Today, the firm has approximately 50 consultants with backgrounds in data analytics, economics, and public policy and has a presence in Sydney, Melbourne, and Canberra. As a consultancy that combines business strategy, data analytics, and econometrics, AlphaBeta Advisors has tackled some of Australia’s biggest contemporary challenges such as the future of work; national reform programs; and technology and innovation, among many others.

Andrew Charlton, Founder, and Director at AlphaBeta Advisors said:

“Following a period of rapid growth, we are ready to take our business to the next level. By joining forces and combining our data-led advisory services with Accenture’s world-class strategy capabilities, we will be best positioned to guide clients on the journey from strategy through to execution.”

AlphaBeta Advisors works with the public sector, corporations, NGOs, not-for-profits, and investors. Currently, AlphaBeta Advisors is conducting research (supported by Google) to examine the value of digital skills for Indonesia’s economy and to identify ways in which the government, the private sector, and civil society can work together for this opportunity. Indonesia is Southeast Asia’s largest and fastest-growing digital economy with a US$312 billion GDP opportunity in 2030 as cited in the research. 

Making a Mark in Australia

Accenture, a consistent SAP Partner Excellence awardee, has been busy expanding in Australia by making several acquisitions recently.

Just this February 2020, Accenture acquired Icon Integration, an Australian technology consultancy that specialises in SAP digital supply chain solutions offering specialised business intelligence (BI) solutions to clients across the ANZ region. 

In December 2019, Accenture has acquired Australian government specialist consultancy Apis Group. The acquisition intends to enhance Accenture’s services to government and health clients in Australia.

Analytics8, a privately held Australian big data and analytics consultancy that specialises in data management, reporting and visualisation, data science and analytics services, has also entered an agreement with Accenture last August 2019.

In June 2019, Accenture acquired cybersecurity and technology company BCT Solutions. BCT Solutions specialises in Command and Control, Cybersecurity, Cyber Defence services and expertise, supporting the delivery of Defence, National Security and Public Safety mission-support capabilities. 

Accenture’s Chairman shares his insights on the company’s investment in the country. He said:

“Our locally-focused investment is helping to create further differentiation for our services in the marketplace. We know that innovation, underpinned by expert advice and powered by digital technologies, is a winning combination for our clients.”

The acquisition signed and closed simultaneously with terms of the transaction undisclosed.

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