One of the world's largest consulting firms, Accenture provides a gamut of management consulting and technology services including business intelligence, content management and performance management.
In July 2005, the company announced plans to invest US$100 million over the next three years to expand its management services portfolio.
Also one of the oldest and biggest names in the outsourcing market, Accenture ranks among the "Big Six" service providers which include ACS, CSC, EDS, Hewlett-Packard and IBM.
On Sep. 1, 2005, Accenture announced it was one of five service providers that successfully won a piece of a mega outsourcing deal with ABN AMRO worth US$2.2 billion. Extending its 20-year relationship with the Dutch bank, Accenture will be able to bid for software development projects that support ABN AMRO's strategic business units in Europe, North America and Brazil.
Industry observers however, warn of a looming battle between traditional big players and Indian services companies in the business processing outsourcing (BPO) market segment.
A recent report revealed a global trend where organizations are favoring smaller, single-vendor outsourcing contracts. According to TPI, the average value of contracts awarded in the Asia-Pacific region for the first three quarters of 2005 is US$124 million, down by over 51 percent from US$255 million over the same period last year.
But one should not be too quick to rule out the big boys just yet, especially when one considers Accenture's track record and in-depth industry and business process expertise. The company is also planning to hire up to 30,000 staff across China, India and the Philippines, in a move to strengthen its offshore capabilities.