Management technology outsourcing and consulting service
provider,
Accenture plc
(
ACN
) recently took over certain Internet Protocol television (IPTV)
assets of Nokia Siemens Networks for an undisclosed amount. Nokia
Siemens Networks is a 50-50 joint venture between
Nokia Corporation
(
NOK
) and
Siemens AG
(
SI
). The assets of its IPTV business include software and
intellectual properties.
The IPTV assets were expected to solidify Accenture's Video
Solution, which is a software platform facilitating seamless and
cost-effective distribution of web-based video services.
Accenture expects to easily integrate the IPTV software business
into its existing video services suite. The combined technology is
then expected to deliver enhanced video and TV services through the
IP network. The services can be accessed from any network
connection and viewed using various devices such as smartphones,
tablets, PCs and TVs. Users can also pause and record a program.
All things considered, the solution should be of immense value for
the telecom, video content and online entertainment services
providers that can enhance the web-based content viewing experience
for their respective customers.
Accenture has years of experience in delivering video solutions. We
believe that with a revamped portfolio, Accenture will be able to
acquire newer customers while proving its excellence in the arena
going forward.
Accenture seems to be on an acquisition spree. In August, the
company acquired Singapore-based distributor management and
mobility software company NewsPage Pte Ltd. and Octagon Research
Solutions Inc., a reputed software solutions provider for the life
sciences sector.
We are encouraged by Accenture's strategy of growing through
acquisitions. However, increasing competition from
IBM Corp.
(
IBM
), a strained spending environment and Accenture's broad European
exposure (roughly 40.0%) may temper its growth prospects to some
extent.
Currently, Accenture has a Zacks #2 Rank (short-term Buy rating),
which has been driven by upward revisions to analyst estimates.
ACCENTURE PLC (ACN): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
NOKIA CP-ADR A (NOK): Free Stock Analysis
Report
SIEMENS AG-ADR (SI): Free Stock Analysis Report
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