GrowthPoint Acted As Exclusive Financial Advisor to ThinkTank on its Acquisition by Accenture
ThinkTank is a digital engagement technology company.
Denver, CO – Accenture (NYSE: ACN) announced that it is acquiring assets from ThinkTank, a Denver-based digital engagement technology company. ThinkTank’s cloud-based, intelligent stakeholder engagement platform assets and team will join Accenture’s Intelligent Platform Services group, strengthening Accenture’s capabilities and resources to help clients quickly and effectively deploy and adopt enterprise software applications. Terms of the transaction are not being disclosed.
ThinkTank’s Engage platform is used to guide teams through complex planning and transformation programs with clear alignment and better decision-making. This evolves business transformation from a fragmented, risky process to a strategic priority for ensuring mission-critical projects are delivered on time, on budget, in-scope and are well-adopted. The Engage platform can reduce implementation costs by up to 20%, speed design phases by 40%, and increase rate of adoption by users by 50%.
The Engage platform will be integrated with Accenture myConcerto® for a single, proprietary platform that simplifies and accelerates technology-led business transformation. The new functionality will improve collaboration and workflow across teams, with better visibility into requirements, program progress and deadlines, enabling better engagement and prioritization. ThinkTank will also extend myConcerto’s intelligent automation capabilities and provisioning of industry-specific business process templates for agile, continuous delivery. Accenture myConcerto is currently available for multiple platform partners, including Adobe, Microsoft, Oracle, Salesforce, SAP and Workday.
“Intelligent platforms can generate new value by amplifying the power of data and technology. However, planning and design processes can be complex if all stakeholders aren’t engaged or collaborating on decisions,” said Emma McGuigan, global lead, Accenture Intelligent Platform Services. “ThinkTank Engage will be a natural extension of myConcerto, helping clients to better engage across stakeholder groups and digitize design and agile planning programs. The platform will empower clients to more easily create a personalized business case, roadmap and solution prototype, then integrating and automating processes for faster deployment and time to value.”
“After working with Accenture for years, we’re thrilled to be joining the company and helping change the way enterprises define, deliver, and maintain the strategic software that runs their business,” said Nick Parnaby, CEO, ThinkTank. “The ThinkTank Engage platform spurs better alignment and decision-making during complex enterprise business and technology transformations. Combining these capabilities with myConcerto and Accenture’s expertise, the result is a platform that seamlessly connects the people who define and operate essential business processes to the software that enables them, building truly agile enterprises.”
ThinkTank is a cloud-enabled SaaS business based in Denver, Colorado. The Accenture Intelligent Platform Services group works with leading platform providers to help clients leverage new platform technologies and ways of working to generate the most value.
We are proud to close our second transaction with Accenture in less than 2 years. Accenture sees the ThinkTank team and technology as a strategic addition to their capabilities. They will use ThinkTank to engage clients and gather and prioritize their most important business and process ideas. With ThinkTank, they will more rapidly deliver higher quality, stickier solutions for their clients.“
Mike Shepherd, Managing Director at GrowthPoint
We are very excited for the ThinkTank team. It’s been a pleasure working with them over the last couple of months, and are excited about their new possibilities under Accenture. ThinkTank’s intelligent stakeholder engagement platform will help Accenture, and their clients, guide teams through structured execution, with improved alignment, decision-making, and higher quality outcomes.“
Alex Roessink, Associate at GrowthPoint
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.