Accenture PLC, formerly known as Andersen Consulting, is a multinational firm offering professional services formed in 1989 and a Fortune 500 company. Accenture specializes in providing services such as strategy and consulting, interactive, technology, and operations all over the globe.
The company operates with a workforce of 492.000 employees as of 2019. The same year the company generated $43.2 billion of revenue. Accenture is present in over two hundred cities within one hundred and twenty countries. Current clients include 91 out of the 100 Fortune Global companies. As of 2020, the number of employees has grown to 513.000.
Accenture started as the business and technology department of accounting company Arthur Andersen. In the 1950s, it carried out a feasibility study for General Electric. The goal was to acquire and install a computer device at Appliances Park located in Louisville, Kentucky. General Electric installed a UNIVAC 1 computer and printer, the first use of computer equipment for commercial purposes in the U.S.
Tensions between Arthur Andersen and Andersen Consulting lead to the formation of the Andersen Worldwide Sociètè Cooperative in 1989. In 2001, Andersen Consulting paid $1.2 billion to Arthur Andersen as an arbitration settlement and changed its name to Accenture. On September 1st, 2009, the company moved to Dublin, Ireland.