Accenture Positioned as a Leader in Providing Professional Services to Oil and Gas Companies, According to IDC MarketScape Report
NEW YORK; Nov. 9, 2012 - Accenture (NYSE: ACN) is positioned as a Leader in providing business consulting, IT consulting, systems integration, IT outsourcing, and managed services to oil and gas companies globally, according to the recently published IDC MarketScape: Worldwide Oil and Gas Professional Services 2012 Vendor Assessment1 by IDC Energy Insights, a line of business of International Data Corporation (IDC).
The new report assesses the capabilities and strategies of many of the leading professional service firms in addressing the specific needs of the oil and gas industry. In particular, the report evaluated professional service firms according to their success in providing offerings in industry segments including upstream, midstream, downstream and energy trading and risk management.
"With over 30 years of experience in the oil and gas industry, Accenture today is helping international oil companies (IOCs), national oil companies (NOCs), and independent and oilfield service companies develop their business strategies, reduce time to first oil and gas, optimize operations and provide back-office functional services including supply chain, ERP, IT transformation and integrated business services," said Arthur Hanna, global managing director, Accenture Energy industry group. "We are pleased to be recognized as a Leader by IDC Energy Insights as we work with our clients to identify their issues and provide strategic recommendations and tactical implementation to help them improve their business performance and realize better business outcomes."
The IDC MarketScape report evaluated the offerings and capabilities of 10 oil and gas services providers and evaluated them based on potential key strategy measures for success in two primary categories: current capabilities and future strategy. Based on the IDC MarketScape evaluation, Accenture is positioned as a Leader among vendors included in the assessment, with a strong strategic combination of capabilities for success in today's oil and gas industry. Accenture is also described as having the right strategic initiatives to maintain and grow its capabilities in the future.
According to Jill Feblowitz, vice president, IDC Energy Insights, "The oil and gas (O&G) industry is looking to its professional services teaming partners to bring innovation. Professional services firms with a strong focus on the O&G vertical and a strategic plan in line with the future needs of their clients are Leaders. They have a local presence in most of the O&G capitals and the ability to attract and retain O&G specialists in this talent-constrained market."
Accenture is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. Its home page is www.accenture.com.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.