Accenture (ACN), Hess (HES) Enter Five-Year Cloud Transition Agreement

October 17, 2016 7:58 AM EDT

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Accenture (NYSE: ACN) has been chosen by Hess Corporation (NYSE: HES) to help realize its As-a-Service vision that is part of the Hess IT transformation strategy. The new cloud-enabled operating model can ramp up or down IT infrastructure and digital technologies during volatile industry cycles. The model is underpinned by Accenture’s cloud services and ecosystem of partners that includes leading public cloud providers.

“We believe this model can help us be more efficient, agile, capable and secure,” said Zhanna Golodryga, SVP, Services and CIO for Hess Corporation, “by giving us important capabilities that use the latest digital services and technologies.”

Under the terms of the five-year agreement, Accenture and Hess will work on planning, design and implementation of a technology solution that links field assets to a network of cloud-based offerings, delivered as-a-Service, with consumption-based pricing focused on reducing cost, increasing production, and simplifying technology. The project includes migrating Hess’ applications and servers to the cloud.

Accenture will support the migration and redevelopment of applications using its cloud transformation services with security applications, and leveraging features of leading public-cloud providers for scalability.

“Challenging industry headwinds and continued commodity price volatility make it clear that a Journey to Cloud transformation for our energy clients’ core businesses gives them a competitive advantage in today’s As-a-Service economy,” said Jack Sepple, senior managing director, Accenture Cloud and Accenture Operations group technology officer. “By leveraging our Cloud First approach and leading industry and technology capabilities for a consumption-based mode, Hess will be able to tap only the services it needs when and where it needs them, reducing extraneous costs and burden of legacy IT.”

“Hess is pioneering cloud capabilities, Big Data and Machine Learning technologies in the energy industry to reduce cost and inefficiency across the company, including maintenance and operations,” said John Coffey, managing director, Accenture Energy. “Digital As-a-Service capabilities, such as predictive analytics, can improve not only maintenance and uptime by heading off incidents, but also well reservoir planning and design; drilling and completions; and remote well monitoring.”

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