Country for PR: United States
Contributor: PR Newswire New York
Tuesday, August 14 2018 - 12:00
AsiaNet
Avanade Acquires Loud&Clear And Creates Its First Digital Innovation Studio In Asia Pacific
MELBOURNE, Australia, Aug. 14, 2018 /PRNewswire-AsiaNet/ --

--Acquisition enhances Avanade's ability to offer clients innovation-led design 
experiences focused on the Microsoft ecosystem

Avanade, the leading digital innovator on the Microsoft ecosystem, announced 
today it has acquired Loud&Clear, an independent enterprise technology and 
experience design agency headquartered in Melbourne. Loud&Clear's employees 
will continue to support clients as part of Avanade. Terms of the transaction 
were not disclosed. 

Avanade's clients will benefit from Loud&Clear's capabilities and experience in 
User Experience (UX), Digital Strategy, Marketing Automation as well as their 
expertise in Sitecore and Drupal solutions. Loud&Clear will become Avanade's 
first Digital Innovation Studio in the region and be part of a global network 
of studios focused on creating and building user-centric experiences from 
proof-of-concept and prototyping through to market launch and scaling. The 
acquisition allows Avanade to continue to rapidly scale its operations in the 
region.

"Loud&Clear's digital expertise combined with the agility of their agency 
approach will enable us to bring the 'art of the possible' to our clients as 
they look to transform in the digital world," said Anna Di Silverio, Avanade 
Growth Markets Area President. "We share a similar culture of innovation as 
well as the experience and expertise required to deliver the best customer and 
employee experiences, digital marketing, ecommerce and digital advisory 
solutions for our clients." 

Loud&Clear has built digital solutions for clients from a broad range of 
industries such as retail, financial services, utilities, healthcare, 
education, agriculture, telecommunications and sports. Over the years of its 
business growth, Loud&Clear has also incubated start-ups internally and 
partnered with clients to help bring innovative digital solutions to market.

"We are very proud of the company that we've built with Loud&Clear," said Ben 
Beath, Managing Director and co-founder. "This is absolutely the right time for 
us to join Avanade to achieve even greater success working on a regional and 
international scale. It's an exciting time for both companies." Loud&Clear's 
Chief Operations Officer Luke Evans added, "Our unique way of working - with 
cross-functional squads delivering Experience Design, Strategy and Development 
at high velocity - will underpin continued growth with the scale and reach of 
Avanade."

About Avanade
Avanade is the leading provider of innovative digital and cloud services, 
business solutions and design-led experiences delivered through the power of 
people and the Microsoft ecosystem. Our professionals bring bold, fresh 
thinking combined with technology, business and industry expertise to help fuel 
transformation and growth for our clients and their customers. Avanade has 
30,000 digitally connected people across 24 countries, bringing clients the 
best thinking through a collaborative culture that honors diversity and 
reflects the communities in which we operate. Majority owned by Accenture, 
Avanade was founded in 2000 by Accenture LLP and Microsoft Corporation. Learn 
more: http://www.avanade.com. 

About LOUD&CLEAR
Loud&Clear is Australia's largest independent digital agency, founded in 2009 
by Ben Beath, Joel Beath and Cade Witnish. Over the last nine years we've grown 
to a team of 150+ focused on delivering world-class Experience Design, Sitecore 
and Drupal development and Digital Strategy for enterprise. We're the 
turbo-boost for organisations looking to deliver innovative customer-centric 
products and experiences to their audiences. We're design-led, data obsessed, 
pixel perfect and future thinking. We solve challenges that exist right now and 
deliver outcomes that help enterprise scale and transform.

Forward-Looking Statements 
Except for the historical information and discussions contained herein, 
statements in this news release may constitute forward-looking statements 
within the meaning of the Private Securities Litigation Reform Act of 1995. 
These statements involve a number of risks, uncertainties and other factors 
that could cause actual results to differ materially from those expressed or 
implied.

These include, without limitation, risks that: Avanade and Loud&Clear will not 
be able to close the transaction in the time period anticipated, or at all, 
which is dependent on the parties' ability to satisfy certain closing 
conditions; the transaction might not achieve the anticipated benefits for 
Avanade; Avanade's business could be negatively affected if the company cannot 
expand and develop its services and solutions in response to changes in 
technology and client demand; the management consulting, systems integration 
and technology markets are highly competitive and Avanade might not be able to 
compete effectively; Avanade's business could be negatively affected by 
economic and political conditions and the effects of these conditions on its 
clients' business and levels of business activity; Avanade's work with 
government clients exposes the company to additional risks inherent in the 
government contracting process; clients may not be satisfied with Avanade's 
services; Avanade could have liability or its reputation could be damaged if it 
does not protect client data or information systems or if its information 
systems are breached; Avanade's business could be negatively affected by legal 
liability that results from providing its solutions or services; Avanade's 
results could be adversely affected if its clients terminate their contracts 
with the company; liabilities could arise if subcontractors or other third 
parties with whom the company partners cannot deliver their project 
contributions on time or at all; Avanade's results of operations may be 
adversely affected by the rate of growth in the use of technology in business 
and the type and level of technology spending by its clients; Avanade's 
profitability may suffer if it is not able to maintain favorable pricing rates 
and utilisation rates or if the company cannot control costs; Avanade's global 
operations are subject to complex risks, some of which might be beyond its 
control; Avanade's business may be adversely affected if it is unable to keep 
its supply of  skills, including those personnel currently employed by 
Loud&Clear and resources in balance with client demand; Avanade may be unable 
to achieve its business objectives if the company cannot manage the 
organisational challenges associated with the scope of its operations; Avanade 
has only a limited ability to protect its intellectual property rights, and its 
services or solutions could infringe on the rights of others or it could lose 
its ability to use the intellectual property of others; Avanade's ability to 
attract or retain business may depend on the company's reputation in the 
marketplace; loss of the company's significant corporate relationships with 
Accenture and Microsoft could reduce its revenue and growth prospects; Avanade 
has a limited ability to set its own independent strategies, and its business 
strategy and direction may be dictated by Accenture's overall business 
strategy; Avanade relies on Accenture for the majority of its revenue, and the 
loss of that revenue would have a significant adverse impact on Avanade's 
results of operations and may affect its ability to continue to operate; 
Avanade's global delivery network relies on Accenture, and the loss of that 
network would increase Avanade's operating expenses; Microsoft has certain 
minority rights, and may exercise those rights to protect its own interests, 
which may not align with Avanade's; and Avanade is committed to using 
Microsoft-related technologies, and the company's inability to use those 
technologies would adversely impact its results of operations.

Statements in this press release speak only as of the date they were made, and 
Avanade undertakes no duty to update any forward-looking statements made in 
this news release or to conform such statements to actual results or changes in 
Avanade's expectations.

MEDIA CONTACTS:
Avanade: Cheryl Yab
Email: cheryl.yab@avanade.com 

N2N Communications: Kieron Stevenson
Email: kieron.stevenson@n2n.com.au 

SOURCE: Avanade