Accenture (ACN) Acquires fable+
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Accenture (NYSE: ACN) has acquired fable+, a consulting firm specializing in business agility and analytics-driven transformation. Located in Mannheim and Berlin, fable+’s team of 50 professionals have joined Accenture’s Talent & Organization / Human Potential team, adding highly specialized expertise focused on organizational transformation.
fable+ has a proven track record of enabling viable, innovation-promoting work environments. By leveraging their proprietary cloud-based app to measure psychological safety and team performance, fable+ can quantify key culture factors that drive performance across different levels of an organization. A team’s psychological safety level indicates how secure its members feel to speak up, contribute their expertise and share ideas. In an increasingly complex, fast-paced operating environment, the competitive advantages of an organization will depend on its ability to create trust-based agile cultures rooted in psychological safety.
“What the past year taught us, is that sudden disruption must be met with an equally rapid response in the workplace by leaders seeking to create cultures grounded in trust and focused on supporting people across many dimensions of well-being,” said Christie Smith, global lead of Talent & Organization / Human Potential. “fable+’s methodologies will enable our clients to shape their workplace culture and support the growth of agile and resilient teams that are central to sustainable businesses growth.”
Frank Riemensperger, market unit lead for Accenture in Germany, Austria, Switzerland and Russia, said: “Digital transformation requires change, not only on hardware but also in mindsets. Consequently, we see an increasing demand for agile transformation and training centred on human interaction. Using AI and cloud technology, fable+ pioneered an analytics-driven approach to better understand workplace culture and team performance. This acquisition enables us to scale and grow innovative services that help clients create effective working environments to address their individual challenges.”
For the last seven years, fable+ advised a number of clients from startups, to SMEs and multinationals by leveraging the latest leading research on team performance and development in their Academy training programs as well as team-focused agile transformation frameworks. fable+ complements Accenture’s most recent Talent & Organization / Human Potential acquisitions – Cirrus on 1 March, Future State in February and Kates Kesler in 2020 – all of which added new methodologies expanding Accenture’s existing C-suite offerings and created new ways of delivering value with a deep understanding of client needs and market challenges.
“Joining Accenture enables us to scale our unique, proven approach to agile transformation, rooted in psychology, culture analytics and gamification, to a global client base,” said Ilhan Scheer, founder and CEO of fable+. “Empowering our clients to master complex, fast-changing challenges with agile and resilient cultures has been the core of our DNA since day one. We’re excited to take the next step in our journey with Accenture to become the leader in psychological safety and create workforces for the future.”
Terms of the transaction were not disclosed.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 514,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners, and communities. Visit us at www.accenture.com.
Accenture’s Talent & Organization / Human Potential connects people and technology to unlock human ingenuity and drive enterprise wide change. To learn more, visit https://www.accenture.com/us-en/services/talent-organization-human-potential-index
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