Accenture acquires digital transformation specialist Enaxis Consulting

05 December 2018

Management and technology consulting firm Accenture has acquired management and technology consulting firm Enaxis. With offices in Houston and Dallas, Enaxis focuses on providing strategy and digital transformation services to the oil and gas industry.

Founded in 2002 and headquartered in Houston, Enaxis Consulting is a management consultancy with deep technology expertise – making it the sort of company that aligns well with Accenture’s profile. Focused on the oil & gas and airline industries, Enaxis provides services in the areas of business strategy (including change management and M&A); IT strategy (cybersecurity, cloud transitions, outsourcing); digital transformations (RPA, IoT, experience design); and data and analytics (AI, machine learning, visualization).

Enaxis’ full suite of services helps Fortune 500 clients in the oil and airline industries stay on the cutting edge of digital technologies and operating models – benefiting from Enaxis' deep expertise in change management and emerging technologies like RPA, IoT, and advanced analytics.

The Texas consultancy has now been absorbed by technology consulting giant Accenture. The Dublin-based firm, which split off from Arthur Andersen in 1989, has seen massive growth in the past decade on the back of spiraling demand for technology consulting services. The company has a global workforce of 459,000 people and global revenues of $39.6 billion. Its North American revenues in 2017 exceeded $17 billion.Accenture acquires digital transformation specialist Enaxis Consulting“We are very excited about teaming up with Accenture, which is a strong strategic fit and will help clients achieve game-changing digital transformations on a larger scale,” said Dhiren Shethia, co-founder and a managing partner of Enaxis. “Our combination also paves the way for our employees to realize exciting new career paths in digital technology and industry consulting while gaining access to Accenture’s services in strategy, consulting, digital, technology and operations.”

Enaxis’ Houston headquarters, as well as its satellite office in Dallas, will join the Accenture team. The acquired consultancy was recently named a Top Workplace by The Houston Chronicle for the fifth year in a row.

“We’re delighted to join forces with this very talented Enaxis team, which will advance our plans for growing our oil and gas business in North America by helping clients with end-to-end transformation services,” said John Downie, a senior managing director at Accenture who leads its Energy practice in North America. “We look forward to building on targeted business services for core oil and gas areas including drilling and completions, production operations and asset portfolio optimization.”

The oil and gas business in Texas is booming on the back of unlocked reserves of shale oil in the Permian Basin – with production reaching record levels of 3.7 million barrels a day. Industry growth means increased demand for consulting services to solve business problems and capitalize on opportunities. With the acquisition, Accenture enhances its offering (and client roster) within the red-hot US oil and gas industry.


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OneDigital buys Northwestern Benefit in company's largest acquisition yet

11 April 2019

Human resources and benefits consultancy OneDigital Health and Benefits has acquired Northwestern Benefit, the largest privately held benefits broker in Georgia.

Atlanta-based OneDigital has carried out an aggressive acquisition strategy in past years, completing 28 deals in 2018, as well as five in 2019 thus far. Its recent acquisitions have included consulting firms Paradigm Group, Cherry Creek Benefits, and Veritas Risk Services. OneDigital’s rapid expansion last year boosted annual revenue by $100 million in 2018, reaching $400 million.

OneDigital’s core offerings include strategic benefit advisory services, analytics, compliance support, human resources management technology, and insurance broking. The firm has more than 80 offices in the United States.

The consulting firm has continued its accelerated growth strategy with the purchase of benefits and HR consultancy Northwestern Benefit, which is also based in Atlanta. “This represents an exciting milestone for OneDigital, where our largest acquisition to date is also located right here in our home state of Georgia,” Adam Bruckman, CEO of OneDigital, said. “Northwestern lets us compete in the Atlanta benefits marketplace in an entirely new way.”OneDigital buys Northwestern Benefit in company's largest acquisition yetThe acquired firm was founded in 1996, and provides benefits, HR, compliance, wellness, education, and workforce planning advisory services to clients in George and across the US. Northwestern Benefit’s 150 employees will join OneDigital, bringing the firm’s headcount to over 1,600 employees, and its employer client count to approximately 50,000.

OneDigital’s chief growth officer, Mike Sullivan, highlighted Northwestern’s excellent sales culture and client service models as factors in the deal, while noting that the deal will significantly expand the firm’s middle market scale and capabilities. Sullivan expects more deals on the horizon, as OneDigital seeks to scale up further. “We expect north of 25 acquisitions again this year to bring us over the $500 million revenue threshold,” he said.

David Asbury, CEO of Northwestern Benefit, will join OneDigital as a senior managing principal. “As the benefits space continued to consolidate and we considered acquirers, it was incredibly important to me to find the right partner,” he said. “With OneDigital’s scale, reach and long-term vision, we knew our organizations would fit together and be stronger together right off the bat.”

As employment levels remain at record highs, employers are increasingly turning to effective and comprehensive benefits packages in order to attract and retain a dwindling pool of talent. HR and benefits firms help employers strategize the ideal benefits and compensation packages to get the talent they need, while doing so in the most cost-effective manner. “In a rapidly changing economy, an employer’s ability to attract and retain talent is often directly tied to the benefits they can provide, and OneDigital ensures we’re supplying our clients with the most robust health, wealth, and HR advisory services,” Bruckman said.