Accenture and The Dow Chemical Company Sign Multi-Year Business Services Agreement; A
Accenture and The Dow Chemical Company Sign Multi-Year Business Services Agreement; Accenture to Expand Its Relationship as a Strategic Services Supplier
609 words
4 August 2005
03:05 pm
OsterDowJones Commodity Wire
English
Copyright 2005, Comtex News Network. All Rights Reserved. Standard Attribution Statement: News Provided by COMTEX.
NEW YORK--, Aug 04, 2005 (ODC via Comtex) --
Aug. 4, 2005--Accenture (NYSE: ACN) and The Dow Chemical Company (NYSE: DOW), the leading global chemical company, have signed a multi-year agreement under which Accenture will continue as a strategic services supplier and will provide a broad range of business application development, implementation and support services to Dow, extending to 2011.
As part of the new agreement, Accenture will help Dow identify value-added opportunities, develop and implement initiatives and support and improve Dow's organization. Dow will leverage Accenture's knowledge of industry practices, Dow's organization and work processes to deliver results.
The new agreement expands on an already successful long-term relationship between the two companies during which Accenture helped Dow improve IT development and support productivity by more than 45 percent and supported the implementation of key strategic initiatives over the past ten years.
As a key enabling element of its business growth agenda, Dow is developing a shared services center in Shanghai, China leveraging leadership, capabilities, resources and processes developed with Accenture. Accenture has been in Greater China since 1993 and will deliver innovative services to support Dow's growth strategy in China.
"Accenture has been instrumental in improving Dow Information Systems processes and productivity and our new multi-year agreement will build on our previous success and broaden the scope of our relationship to include shared services work process, project and support service improvements," said David Kepler, Dow's Corporate Vice President of Shared Services and Chief Information Officer.
"Accenture's proven ability to effectively team and integrate culturally with an industry leader like Dow has enabled both companies to deliver measurable results for many years," said Steven Gratto, a global lead partner in Accenture's Chemicals industry group. "We are confident that under this new agreement Accenture and Dow will be able to take this long-term and successful relationship to the next level by leveraging broader global services to support Dow's business."
About The Dow Chemical Company
Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
