Avanade Explained

Avanade
Type:Subsidiary
Founder:Accenture and Microsoft
Area Served:Worldwide
Key People:Pamela Maynard (CEO)
Amy Wright (COO)
Sonia Webb (CFO)
Industry:Professional services
Technology services
Services:Digital marketing, IT services, IT consulting
Revenue: US$ 2.0 billion (2021)
Num Employees:50,000 (2021)
Parent:Accenture
Location City:Seattle, Washington
Location Country:U.S.
Footnotes:[1] [2] [3]

Avanade is a global professional services company providing IT consulting and services focused on the Microsoft platform with artificial intelligence, business analytics, cloud, application services, digital transformation, modern workplace, security services, technology and managed services offerings.[4] Headquartered in Seattle, the company has 50,000 employees in 26 countries. Avanade serves 34% of the Fortune 500 and 46% of the Fortune Global 500.[3]

History

Avanade was formed on April 4, 2000, as a joint venture between Accenture (formerly Andersen Consulting) and Microsoft, and today is majority-owned by Accenture. The company maintains the Accenture-Microsoft alliance to combine Accenture's consulting with Microsoft's scalable cloud and mobile technologies.[5] The name Avanade is a portmanteau between avenue and promenade.[6]

Pamela Maynard took over from Adam Warby as CEO beginning on September 1, 2019.[7]

In July 2020, Avanade joined the Microsoft Intelligent Security Association (MISA), an alliance of autonomous tech suppliers and defense service providers who have partnered with Microsoft Defense to help protect themselves against an environment of increasing cybersecurity threats.[8]

In April 2022, Avanade announced the building of its first US-based engineering center in Tampa, Florida, adding around 500 new entry- and senior-level engineering, data and software development jobs over the next three years.[9]

Acquisitions

Overview of business acquisitions by Avanade
NumberDateCompanyBusinessCountryReferences
1DCGOnline business consulting and integration[10]
2G.A. SullivanInformation technology[11]
3en’tegratMicrosoft Dynamics specialists[12]
4HOBConsulting firm, specializing in Microsoft Dynamics AX solutions[13]
5QuadreonMicrosoft Dynamics specialists[14]
6Ascentium CorporationMicrosoft Dynamics specialists, Avanade acquired the US portion of the CRM practice[15]
7ECONNEX AGMicrosoft Dynamics specialists[16]
8AzaleosManaged messaging, collaboration & unified communications services[17]
9KCS.netInformation technology[18]
10CloudTalentStrategic cloud advisory [19]
11Infusion DevelopmentDigital transformation, application modernization, and cloud-scale solutions[20]
12Loud&ClearTechnology and experience design[21]
13Alnamic AGMicrosoft Dynamics 365 and AX specialists[22]
14AltiusData and artificial intelligence specialists[23]
15ConcertERP solutions[24]
16AZEOData and AI, cloud and IoT[25]
17QUANTIQMicrosoft Business Applications[26]
18KabelData, AI and cloud[27]
19AsyscoLegacy application migration[28]
20eLogicTechnology consulting firm[29]

Corporate affairs

Structure and operations

Avanade operates its business in more than 80 locations across more than 25 countries North America, Europe, Asia, South America, the Middle East and the Pacific.[30]

In September 2021, Avanade entered the UAE market with the opening of offices in Abu Dhabi and Dubai. Adriano Neves, Avanade's Sales, Industry and Client Relationships Lead in Brazil, has been appointed to lead the company's newest entity and will relocate from São Paulo to Dubai.[31]

India (IDC), China (CDC) and the Philippines (PDC) supply Avanade with offshore consultants housed in parent company Accenture's delivery centers. Overall, these offshore workers constitute over 40% of Avanade's total workforce. Avanade relies heavily on offshore workers in India, China and other developing countries to help their customers reduce costs.[32] [33] [34]

Leadership

Avanade is managed by a leadership team of 17 members (2022). Pamela Maynard has served as CEO since September 2019. Mitch Hill, a former senior partner at Andersen Consulting, was the founding CEO until August 31, 2008.[35] Adam Warby held the position from September 1, 2008, to August 31, 2019.[2]

Avanade's board of directors has five members (2022). The chairman of the board is Emma McGuigan.[36]

Finances

Avanade began filing financial reports with the Securities and Exchange Commission in 2006, a requirement for publicly traded companies. Alternatively, filings must be made when the number of security holders exceeded 500, which at the time, Avanade had over 1,100.[37] As of July 1, 2008, Avanade is no longer required to file financial reports with the Securities and Exchange Commission as it has unregistered all securities.

Products and services

Avanade's business model combines leading and delivering Microsoft-based projects contracted by Accenture, and its own direct business where Avanade is the contracting partner. The latter direct business has grown substantially over the past 10+ years in part due to a series of acquisitions, each of which has brought a book of direct business with it. Avanade is also the largest global partner of Microsoft and has grown its direct business continually through this channel.

Accolades

Avanade and Accenture have been recognized as the Microsoft Alliance Partner of the Year 16 times, most recently in 2021.[38]

See also

External links

Notes and References

  1. News: Microsoft and Andersen Consulting Announce Expanded Alliance. March 13, 2000. Microsoft. December 2, 2016.
  2. News: Avanade Leadership. Avanade.com . December 3, 2016.
  3. News: Avanade Fast Facts. Avanade.com . April 18, 2022.
  4. News: Avanade Solutions. Avanade.com . April 17, 2019.
  5. Web site: Accenture and Microsoft (and Avanade) launch new business group. 2019-02-06. Information Age. en. 2020-04-30.
  6. News: Microsoft, Andersen team up . March 14, 2007. The Seattle Times . December 2, 2016.
  7. News: Avanade CEO Adam Warby Steps Down; Pamela Maynard Appointed as His Successor .
  8. Web site: 21 July 2020 . Avanade joins Microsoft Intelligent Security Association . 4 August 2020 . Cision PRWeb.
  9. Web site: Microsoft partner Avanade announces Tampa engineering hub, aims to hire 500 . 2022-04-18 . Tampa Bay Times . en.
  10. News: March 11, 2003 . Avanade buys into Queensland with DCG . ARN by IDG .
  11. News: May 27, 2003 . G.A. Sullivan sold to Seattle technology firm . St. Louis Business Journal .
  12. News: May 2, 2005 . Avanade Acquires en'tegrate; Combination of Global Microsoft Expertise and Microsoft Business Solutions . BusinessWire .
  13. News: March 2, 2005 . Avanade acquires Danish ERP consultant HOB Business Solutions A/S . Lync Migration .
  14. News: June 4, 2008 . Avanade Belgium Expands with Acquisition of Quadreon . Avanade .
  15. News: May 18, 2010 . AVANADE COMPLETES ACQUISITION OF ASCENTIUM'S MICROSOFT DYNAMICS CRM PRACTICE . Avanade .
  16. News: October 5, 2011 . Avanade to Acquire eConnex, a German-Based Microsoft Dynamics CRM Services Firm . Marketwired .
  17. News: December 18, 2012 . Avanade Completes Acquisition of Azaleos . Marketwired .
  18. News: June 10, 2015 . Avanade acquires KCS.Net to expand Microsoft Dynamics capabilities across Germany, Switzerland and Austria . Avanade .
  19. News: August 3, 2015 . Avanade Acquires CloudTalent, a Strategic Cloud and Infrastructure Advisory Firm . ARN by Yahoo .
  20. News: February 28, 2017 . Avanade tech consulting company acquires 600-person New York firm, bolstering Accenture and Microsoft joint venture . Geekwire .
  21. News: August 13, 2018 . Avanade Acquires Loud&Clear And Creates Its First Digital Innovation Studio In Asia Pacific . BusinessInsider .
  22. News: September 24, 2019 . Avanade buys German Microsoft partner . ITEuropa .
  23. News: March 9, 2020 . Avanade acquires Altius to expand into retail, transport and public sectors . Information Age .
  24. News: May 6, 2020 . Avanade snaps up Italian Microsoft Dynamics partner . Channel Partner Insights .
  25. News: September 9, 2020 . Avanade announces acquisition of Azure IoT specialists Azeo . MSDynamicsWorld .
  26. News: November 22, 2021 . Avanade welcomes QUANTIQ, a Microsoft Business Applications provider, to its UKI business as it completes acquisition . Avanade .
  27. News: May 27, 2022 . Avanade Steps Up Its Expansion Plans In Europe With The Acquisition Of Kabel, A Major Digital Transformation Solution Provider In Spain . Avanade .
  28. News: June 20, 2022 . Avanade Acquires Asysco, a Specialist in Migrating Legacy Mainframe Applications to the Cloud . Avanade .
  29. News: June 20, 2022 . Avanade Has Acquired eLogic, a Provider of Intelligent Sales and Services Solutions for North America Manufacturing Organizations . Avanade .
  30. Web site: Fast Facts Avanade US . 2022-04-18 . www.avanade.com . en-us.
  31. Web site: Accenture-Microsoft JV Avanade enters UAE market . September 7, 2021 .
  32. https://www.sec.gov/Archives/edgar/data/1332245/000095013707017614/c21592e10vkt.htm Avanade Annual Report 2007
  33. http://www.avanade.com/contact/offices.aspx Avanade website office directory
  34. http://www.avanade.com/Documents/Press%20Releases/20101014_Corp%20Brazil%20release%20FINAL.pdf Avanade website Brazil office opens press release
  35. News: Avanade CEO Mitch Hill to Step Down; Board Appoints Adam Warby as CEO . May 6, 2008. Business Wire . December 3, 2016.
  36. Web site: Leadership & Board of Directors Avanade US . 2022-04-18 . www.avanade.com . en-us.
  37. News: Avanade bares financial details. 17 February 2006. The Seattle Times. December 3, 2016. https://web.archive.org/web/20110929032434/http://blog.seattletimes.nwsource.com/techtracks/2006/02/avanade_bares_financial_details_1.html. 2011-09-29. dead.
  38. Web site: A blueprint for the future: Accenture and Avanade win 2021 Microsoft Canada Partner of the Year . July 8, 2021.