We are excited to announce that Soben plans to join Accenture (NYSE:ACN).
We will shortly become an integral part of the Infrastructure and Capital Projects practice within Accenture’s Industry X team.
We are extremely proud to have established Soben as one of the world’s leading construction consultancies. Soben was established with the vision of disrupting how capital projects are delivered – creating better outcomes for our clients in a rapidly-changing market. This alliance will bring together Accenture’s vision of reinvention and digitalization with Soben’s industry expertise and commercial experience – enabling us to continue disrupting our market at scale.
Disrupting at Scale
Organizations developing capital projects are facing a long list of challenges, new research from Accenture shows, ranging from increased scrutiny from stakeholders to supply chain issues to staffing shortages to cybersecurity risks. As a result, only 6% of the 700 organizations surveyed deliver projects on or ahead of schedule. Two-thirds miss their targets, adding an average of 29% in labour costs and penalty fees to the bill.
These challenges are particularly affecting companies looking to expand existing or to build new data centres. The market is experiencing hypergrowth, particularly in the US, Europe and the Middle East, where Accenture estimates an annual spend of more than $200 billion for the next 3-5 years. Soben will strengthen Accenture’s capabilities for clients to address challenges when planning and executing data centre development and modernization projects.
Enhancing Infrastructure and Capital Projects
“The market for capital projects and especially data centres is growing rapidly, driven by ever-higher demand for cloud computing and AI and exponential data growth,” said Steve Roberts, senior managing director, Accenture Industry X. “Hyperscalers and co-location companies are under tremendous pressure to deliver on this demand. They need a provider that brings data center expertise plus proven capital projects experience, which is what the combination of Soben and Accenture will stand for.”
“Soben will enhance our infrastructure and capital projects capabilities across Europe, particularly boosting our practice in the UK,” added Maddie Walker, Accenture’s Industry X lead in the UK, Ireland & Africa. “With complex capital projects on the horizon, and increasing adoption of AI, the UK is positioning itself for growth – and the construction sector must ensure it has the innovative thinking, technology, and skills to lead the way. Together, Accenture and Soben bring leading minds in capital projects expertise and emerging technology together.”
“When we started Soben in 2011, our vision was to disrupt the construction consultancy marketplace, and we have now established Soben as one of the key players for capital projects in Europe and North America,” said Scott Smyth, CEO at Soben. “By joining Accenture, we can realize that vision and offer fantastic opportunities for our people to grow their careers. We’re looking forward to bringing Accenture’s global reach and digital capabilities to our clients to help them scale their business fast and deliver exceptional outcomes for their capital projects.”
Delivering on our Promises
Soben remains committed to maintaining the responsiveness and dynamic service delivery that our clients value in our new organization. Our people remain committed to delivering on their promises every day, while exploring how Soben’s clients can benefit from access to the broader range of expertise that Accenture can offer.
Soben would like to thank its clients, partners and people for their support on our journey to date. This is a proud moment for our team at Soben and testament to our remarkable success in recent years. Together with Accenture, we look forward to creating even more exceptional outcomes for our clients in the future.
You can read the full announcement here:
