Accenture Acquires Shackleton; Digital Agency Push Continues
Accenture has acquired Spanish brand communications agency Shackleton — the latest step in Accenture Interactive’s bid to disrupt and redefined the advertising agency industry. Financial terms of the deal were not disclosed.
Shackleton, founded in 2004 and based in Madrid, Spain, has roughly 160 employees.
In a prepared statement explaining the deal, Anatoly Roytman, head of Accenture Interactive – Europe, Africa, Latin America (EALA)m, said:
“The addition of Shackleton proves our commitment to fostering creative talent and expanding our capabilities globally so that we can help our clients build highly creative and effective brand experiences.”
Shackleton CEO Pablo Alzugaray added:
“We’re proud to join Accenture Interactive and help to further enhance its Experience Agency model. This opportunity will provide our team and clients with global reach and the ability to better scale our customer experiences, which is essential to breaking through in today’s increasingly competitive environment.”
Accenture: $1.5 Billion Merger, Acquisition Strategy
Accenture, meanwhile, expects to spend about $1.5 billion on acquisitions in 2019 — focusing heavily on digital, cloud and cybersecurity opportunities. Recent digital- and agency-focused acquisitions include:
- Droga5, a New York-based creative agency and advertising firm.
- Storm Digital, a digital marketing agency in the Netherlands
- Kolle Rebbe, a digital media agency.
The acquisition strategy appears to be treating Accenture well. The company delivered stronger-than-expected financial results for its Q2 of fiscal 2019. Among the highlights: Revenue grew 5 percent to $10.5 billion, and net income was $1.14 billion, up from $919.5 million, according to the March 2019 announcement.