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Avanade Steps Up Its Expansion Plans In Europe With The Acquisition Of Kabel, A Major Digital Transformation Solution Provider In Spain

Clients will benefit from Kabel’s leading expertise on cloud, with an emphasis on AI, data and application development

Seattle/Madrid; May 27, 2022

Avanade, the leading Microsoft solutions provider and an Accenture and Microsoft joint venture, today announced it has acquired Kabel, a leading Spanish digital transformation solution provider and key Microsoft partner. Kabel’s capabilities in multi-cloud, artificial intelligence, data and application development will further bolster Avanade’s already strong position in Spain and wider Europe. This is Avanade’s fifth European acquisition in three years.

The acquisition will strengthen Avanade’s business, expertise and capabilities across the entire spectrum of digital technologies, with a particular emphasis on data and AI, cloud infrastructure and management, software development and applications. With the addition of Kabel’s almost 300 professionals, the combined team will offer the Spanish market broad and deep expertise in customized, end-to-end business transformative solutions in all industry segments.

“Kabel has garnered a solid reputation as being a bold, agile partner that can design innovative, highly complex solutions that drive business transformation,” said Silvia Vidal, Avanade Iberia General Manager. “Its close relationship with clients, employees, Microsoft and other partners, is one Avanade deeply respects. We value their skills and experience, which will extend our ability to make a genuine human impact for our Spanish clients and their customers.”

“Kabel has experienced strong growth in recent years due to the rapid increase in demand for transformative solutions, achieving a market leadership position in this type of solutions, as well as recognition as a Gold Microsoft partner with fourteen Gold competencies and five advanced specializations,” commented José Ramón Barriocanal, Kabel CEO.

“In order to continue growing in a sustained and sustainable way, it is necessary to have the best travel companions. Avanade shares our values and its relationship with Accenture will allow us to take on even more complex projects and offer our clients a broader range of technologies and solutions, while continuing our commitment to helping our clients improve society through technology,” added Alfredo Rivela, Founder and President of Kabel.

Financial terms of the transaction were not disclosed.

About Avanade

Avanade is the leading provider of innovative digital, cloud and advisory services, industry solutions and design-led experiences across the Microsoft ecosystem. Every day, our 56,000 professionals in 26 countries make a genuine human impact for our clients, their employees and their customers.

Avanade has been recognized jointly, with its parent Accenture, as Microsoft’s Global SI Partner of the Year more than any other company. With the most Microsoft certifications (60,000+) and 18 (out of 18) Gold-level Microsoft competencies, we are uniquely positioned to help businesses grow and solve their toughest challenges.

We are a people first company, committed to providing an inclusive workplace where employees feel comfortable being their authentic selves. As a responsible business, we are building a sustainable world and helping young people from underrepresented communities fulfill their potential.

Majority owned by Accenture, Avanade was founded in 2000 by Accenture LLP and Microsoft Corporation. Learn more at http://www.avanade.com/.

Accenture LLP and Microsoft Corporation. Learn more at www.avanade.com.

Avanade and the Avanade logo are registered trademarks or trademarks of Avanade Inc. Other product, service or company names mentioned herein are the trademarks or registered trademarks of their respective owners.

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. Many of the following risks, uncertainties and other factors identified below may be amplified by the invasion of Ukraine by Russia, the sanctions (including their duration), and other measures being imposed in response to this conflict, as well as any escalation or expansion of economic disruption or the conflict’s current scope. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; Accenture’s business depends on generating and maintaining ongoing, profitable client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and skills 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 COVID-19 pandemic has impacted Accenture’s business and operations, and the extent to which it will continue to do so and its impact on the company’s future financial results are uncertain; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key alliance partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders’ ownership interest in the company; as a result of Accenture’s geographically diverse operations and its growth strategy to continue to expand in its key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture’s results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture 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.

PRESS RELEASE

Avanade Steps Up Its Expansion Plans In Europe With The Acquisition Of Kabel, A Major Digital Transformation Solution Provider In Spain

Clients will benefit from Kabel’s leading expertise on cloud, with an emphasis on AI, data and application development

MEDIA CONTACTS

Avanade

Claire Booty
+44(0)7930760031
Claire.booty@avanade.com

Contact Avanade

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