Accenture to Acquire Yumemi to Accelerate the Launch of Innovative and Influential Digital Products
TOKYO--(BUSINESS WIRE)--Accenture (NYSE: ACN) has agreed to acquire Yumemi, a leading provider of digital services and products based in Japan, which will significantly enhance its capabilities to design and launch products for clients with speed and at scale. The acquisition will also enable Accenture to provide expanded and sustained support to clients by leveraging user insights generated by their newly launched products. The combined expertise of both companies in data analytics and generative AI will help clients evolve their products and offerings while driving long-term business growth.
Founded in 2000, Yumemi has designed and developed an extensive variety of digital products for over 600 companies spanning all major industries, reaching 60 million monthly active users globally. By deploying its signature 'design engineering' methodology, Yumemi's designers and engineers work in unified teams, enabling significantly rapid development and delivery of innovative digital products. Yumemi's team of approximately 400 professionals in Japan will join Accenture Song, Accenture's tech-powered creative group.
Digital products are increasingly vital for companies to connect with customers and maintain relevance. Accenture sees this as a growth opportunity, anticipating a US$1755 billion global digital transformation market by 2028. In Japan, this market is projected to experience exponential growth, with a CAGR of 9.6% expected by the same year 1. Despite this potential, clients often have fragmented solutions for the design, development, and operational phases, slowing down time-to-market and impeding both customer experience and business growth. By combining Accenture's expertise in driving reinvention and transformation using gen AI with Yumemi's development methodologies, Accenture will offer comprehensive end-to-end support for the creation, operation, and enhancement of innovative digital products.
Atsushi Egawa, CEO, Accenture, Japan, and co-CEO, Asia-Pacific, said: 'By integrating Yumemi's advanced capabilities, we will bolster our ability to help clients address critical business challenges by anticipating their needs and supporting the development of innovative new digital products. Yumemi's growth is fueled by its strong corporate culture and active engagement of its diverse talent, and its leaders prioritize the development of their people and cultivate a flexible, transparent environment, fostering new ideas and exceptional employee experiences. Embracing Yumemi's forward-thinking approaches and agility, we are committed to creating world-class digital products that significantly impact the market, driving transformation and competitiveness of enterprises in Japan and across the globe.'
Toshiyuki Kataoka, CEO of Yumemi Inc., said: 'Accenture's commitment to delivering on the promise of technology and human ingenuity perfectly aligns with our vision of 'crafting timeless services to enhance people's lives worldwide.' By combining Accenture's comprehensive offerings with our proven 'design engineering' expertise, unique and diverse employee culture, and strong customer community, we aim to accelerate the development of groundbreaking digital services that will transform industry norms. We have immense respect for Accenture's culture, which aligns harmoniously with our own. This perfect fit is destined to create remarkable synergy, enabling our teams to refine their skills and unlock new levels of value for our customers, employees, and business.'
Yumemi joins Accenture Song's growing design and digital products practice, which helps clients worldwide create valuable, intuitive, and differentiated products and services. This follows the acquisition of Work & Co in 2024.
Terms of the transaction have not been disclosed. Completion of the acquisition is subject to customary closing conditions.
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,' 'aspires,' 'expects,' 'intends,' 'plans,' 'projects,' 'believes,' 'estimates,' 'positioned,' 'outlook,' 'goal,' 'target' and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture and Yumemi will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties' ability to satisfy certain closing conditions; 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 geopolitical conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; Accenture's business depends on generating and maintaining 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; risks and uncertainties related to the development and use of AI could harm the company's business, damage its reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their 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; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; 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 ecosystem 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 due to pricing pressure, 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; Accenture's debt obligations could adversely affect its business and financial condition; 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; as a result of Accenture's geographically diverse operations and strategy to continue to grow in 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 work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture's global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; 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 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, as updated in Item 1A, 'Risk Factors' in its Quarterly Report on Form 10-Q for the second quarter of fiscal 2025, 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.
About Accenture
Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 801,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com
Accenture Song accelerates growth and value for our clients through sustained customer relevance. Our capabilities span ideation to execution: growth, product and experience design; technology and experience platforms; creative, media and marketing strategy; and campaign, commerce transformation content and channel orchestration. With strong client relationships and deep industry expertise, we help our clients operate at the speed of life through the unlimited potential of imagination, technology and intelligence.
1 Source: IDC Japan Press Release, "Japan Customer Experience (CX) Related Software/CRM Applications Market and Japan CX Transformation Services Forecast" (June 26, 2024)
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