Accenture to Buy Sierra-Cedar's Three Practices to Expand Offerings for Higher Education, Gov't Clients; Ryan Gaetz Quoted

Accenture (NYSE: ACN) has agreed to acquire Sierra-Cedar’s Workday, U.S. Mulesoft and Salesforce practices for an undisclosed sum in a push to expand its offerings to government and higher education organizations seeking to update their core operations and software for finance, accounting, human resources and student services.

Approximately 275 professionals across the U.S. will move to Accenture upon the transaction’s closing, which is expected in early 2020, Accenture said Friday.

“We are focused on our clients’ priorities for more efficient, secure, transparent and customer service-oriented operations, and the practitioners joining Accenture have the industry and platform skills that are at the center of many such efforts,” said Ryan Gaetz, managing director of Accenture’s education and government-focused Workday practices.

“By bolstering our practice focused on Workday Student, Financial Management and Human Capital Management, Accenture can help our clients achieve a greater set of outcomes,” Gaetz added.

Accenture spent nearly $1.2B on 33 acquisitions in fiscal year 2019 to gain access to critical capabilities and skills in high-growth market areas.