Management solutions provider
) recently announced a strategic alliance with IPsoft to boost
its automation capabilities. IPsoft's IPcenter is intended for
companies that have an extensive IT infrastructure. With the
integration of IPcenter into its own IT services toolset,
Accenture will be able to reduce service costs and generate
greater value for its clients.
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The collaboration will enable Accenture to offer a more flexible,
efficient and improved IT solution to drive performance.
Considering the need for growth in computing and cloud-based
services, the partnership could facilitate market share gains.
Autonomic IT services provider IPsoft is headquartered in New
York City and operates in 10 countries across North America,
Europe and Asia Pacific. The company provides expert systems, and
leverages self-learning, self-healing cognitive systems across IT
Operations, Cloud Orchestration, Fraud Prevention (FAS) and
Business Process Automation.
We believe the integration of Accenture's technology and IPsoft's
autonomic platform will minimize labor involvement, thereby
improving the quality of service. Moreover, this partnership will
create a more independent IT-enabled environment with improved
network and storage devices which in turn will drive growth.
Moreover, this platform will help Accenture to deliver greater
system security and compatibility and reduce manual errors. Also,
the solution will cater to the growing demands of businesses,
which in turn will help Accenture to gain competitive advantage.
Accenture is also building its client base, which has helped it
to record strong bookings and witness robust growth across
insurance, banking and healthcare segments. This also increases
demand for Accenture's services, which is favorable for its
However, a cautious spending environment and Accenture's broad
European exposure may temper growth prospects to some extent.
Moreover, competition from
Cognizant Technology Solutions Corp.
) is expected to remain a headwind, going forward.
Currently, Accenture has a Zacks Rank #3 (Hold). Better-ranked
stock technology stocks include
Micron Technology Inc.
), which has a Zacks Rank #2 (Buy).