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Accenture to Acquire S3 TV Technology to Help Video Service Providers Quickly Launch New Services and Expand Market Share

Accenture to Acquire S3 TV Technology to Help Video Service Providers Quickly Launch New Services and Expand Market Share

NEW YORK(10 Sep 2015)

Accenture (NYSE: ACN) has entered into an agreement to acquire S3 TV Technology, a business unit of Dublin-headquartered S3 Group that delivers consultancy, automated testing, service monitoring and diagnostic solutions to video service providers globally. S3 TV Technology is comprised of all the TV technology resources and assets of S3 Group. Accenture will integrate S3 TV Technology’s StormTest® automated testing platform and video consulting capabilities with Accenture Digital Video Services software and solutions, which is part of Accenture’s Communications, Media and Technology group. This new combination will help video service providers enhance the quality and performance of their services in an increasingly competitive and evolving market.
 
The addition of S3 TV Technology will expand Accenture’s global video consulting, systems integration and automated testing capabilities across all video industry segments including cable operators, broadcasters, communications service providers and new entrants in digital TV. S3 TV Technology also provides the StormTest® platform that enables video service providers to continuously test and optimize all aspects of services to improve user experience throughout the service delivery lifecycle.
 
Upon closing of the acquisition, Accenture Digital Video Services will strengthen and augment its capabilities to help video businesses create and evolve high quality products that can access linear content through broadband (IP) and broadcast networks and non-linear services such as catch-up TV and video on demand (VOD) through broadband networks. These services will be integrated with industrialized DevOps capabilities that foster an agile, continuous delivery approach to product development and enable video businesses to leverage cloud and device-based technologies in order to quickly launch, monitor, and iterate their products into the marketplace.
 
“In the volatile new media and entertainment ecosystem, one thing is unchanged – consumers will keep demanding more from their screens of choice,” said Francesco Venturini, managing director and Accenture Digital Video Services lead. “S3 TV Technology’s test automation solution, live event monitoring, video technology consulting capabilities, and systems integration experience combined with the rich capabilities of Accenture Digital Video Services and Accenture Video Solution software, will create an end-to-end platform that will help video service providers use cutting-edge technology to stay competitive by delivering more innovative features to customers.” 
 
“Video is in our history; it’s in our DNA. Our collaboration and process automation technologies deliver reliable, shared insights into platform performance and service-readiness that can help video service providers make quick updates to meet consumer demand,” said Philip Brennan, managing director, S3 TV Technology. “We are excited to join Accenture, taking advantage of the company’s capabilities, technology, and experience in this industry to enable video service providers to build dynamic, interactive relationships with their customers.”
 
With over 20 years’ experience in digital video, S3 TV Technology works with many of the leading global video service providers to enhance the performance and service readiness of their video platforms, facilitating the creation of a continuous delivery model for the development and deployment of new services.
 
Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.  
 
About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.