About Beacon Consulting
Beacon Consulting Group is an operational strategy and integration firm that works with investment managers, third party administrators, hedge funds and technology vendors to improve efficiency, controls and profitability of middle and back office operations. The company leverages its proven results and consulting competency to deliver value to their clients on the basis of competitive positioning, improved operating performance, optimized technology deployment, and effective risk management.
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Latest Beacon Consulting News
Dec 15, 2015
Accenture Expands Capabilities in Asset Management with Acquisition of Beacon Consulting Group December 15, 2015 12:23 PM Eastern Standard Time NEW YORK--( BUSINESS WIRE )--Accenture (NYSE:ACN) has acquired Beacon Consulting Group, a trusted advisor and management consultant to the North American asset management community. This acquisition significantly expands Accenture’s asset management consulting capabilities and enhances its ability to help global investment managers, institutional investors and asset servicers gain an edge in increasingly competitive markets. Terms of the transaction were not disclosed. Beacon Consulting will become part of Accenture’s Capital Markets practice , reinforcing its expertise and capabilities in asset management to help asset managers and other financial services companies design, build and operate their business. “Though asset management is a large and growing industry segment, it is also characterized by increasing competition and rapidly evolving industry dynamics,” said John DelSanto, senior managing director of Accenture’s Financial Services operating group in North America. “By adding the consulting professionals from Beacon to our Capital Markets practice, we further deepen our industry knowledge to be better positioned to help our clients transform the way they do business.” Headquartered in Boston, Massachusetts, Beacon Consulting Group brings a deep understanding of the asset management industry with differentiated expertise in middle- and back-office operations. Beacon’s proprietary benchmarking data and thought leadership also help its clients enhance their competitive position and implement changes that transform their business performance. “Top-tier asset management firms are facing increased competition, fee pressure from investors, rapidly changing investor preferences and products and ever-increasing regulation,” said Keith Brown, president at Beacon Consulting. “We’re excited to join Accenture to help the industry meet these challenges, execute transformation across their business and succeed in a quickly changing market.” Accenture’s Capital Markets practice provides consulting, strategy, digital, technology and outsourcing services to financial institutions to optimize analytics for asset managers, drive sales force effectiveness, improve operational productivity, reduce costs and manage risks. Its clients include eight of the top 10 global wealth managers and seven of the top 10 global asset managers. About Accenture 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 more than 358,000 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 . About Beacon Consulting Beacon Consulting Group is a trusted advisor to global financial and investment firms seeking to achieve and sustain a competitive edge. Headquartered in Boston, Beacon’s advisory services include operating model and business process transformation, and technology strategy to the world’s largest investment managers, institutional investors and asset servicers. For more information, please visit www.beaconcgi.com . Forward-Looking Statements Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for the company; the company’s results of operations could be adversely affected by volatile, negative or uncertain economic conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; the company’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions, and a significant reduction in such demand could materially affect the company’s results of operations; if the company is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; the markets in which the company competes are highly competitive, and the company might not be able to compete effectively; the company could have liability or the company’s reputation could be damaged if the company fails to protect client and/or company data or information systems as obligated by law or contract or if the company’s information systems are breached; the company’s results of operations and ability to grow could be materially negatively affected if the company cannot adapt and expand its services and solutions in response to ongoing changes in technology and offerings by new entrants; the company’s results of operations could materially suffer if the company is not able to obtain sufficient pricing to enable it to meet its profitability expectations; if the company does not accurately anticipate the cost, risk and complexity of performing its work or if the third parties upon whom it relies do not meet their commitments, then the company’s contracts could have delivery inefficiencies and be less profitable than expected or unprofitable; the company’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; the company’s profitability could suffer if its cost-management strategies are unsuccessful, and the company may not be able to improve its profitability through improvements to cost-management to the degree it has done in the past; the company’s business could be materially adversely affected if the company incurs legal liability; the company’s work with government clients exposes the company to additional risks inherent in the government contracting environment; the company might not be successful at identifying, acquiring or integrating businesses, entering into joint ventures or divesting businesses; the company’s Global Delivery Network is increasingly concentrated in India and the Philippines, which may expose it to operational risks; changes in the company’s level of taxes, as well as audits, investigations and tax proceedings, or changes in the company’s treatment as an Irish company, could have a material adverse effect on the company’s results of operations and financial condition; as a result of the company’s geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to the company’s relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company’s results of operations; the company’s services or solutions could infringe upon the intellectual property rights of others or the company might lose its ability to utilize the intellectual property of others; if the company is unable to protect its intellectual property rights from unauthorized use or infringement by third parties, its business could be adversely affected; the company’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if the company is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that the company makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of the company’s contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company’s revenues and impact its margins; if the company is unable to collect its receivables or unbilled services, the company’s results of operations, financial condition and cash flows could be adversely affected; the company’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; the company may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations. Contacts
Beacon Consulting Frequently Asked Questions (FAQ)
Where is Beacon Consulting's headquarters?
Beacon Consulting's headquarters is located at 125 High Street, Boston.
What is Beacon Consulting's latest funding round?
Beacon Consulting's latest funding round is Acquired.
Who are the investors of Beacon Consulting?
Investors of Beacon Consulting include Accenture.
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