Israel Electric Corporation Awards Accenture IT Services Contract

Accenture (NYSE: ACN) has been awarded a two year IT services contract by Israel Electric Corporation (IEC), Israel’s monopoly power supplier.

Accenture will provide IEC with guidance and support on six projects covering roadmaps, application systems, a smart electrical grid, business intelligence, enterprise architecture and business continuity. Accenture experts will support IEC in all phases of the projects from project planning to implementation, including selecting suppliers and designing quality control processes.

The projects form part of IEC’s IT master plan designed to enable IEC to provide a more efficient service to consumers, introduce new technological innovations across the company and enhance the safety and reliability of the electricity distribution network.

IEC awarded the contract following Accenture’s delivery of the IT master plan, developed with IEC in 2009. The plan covers the company’s strategy in three areas: applications for all IEC’s divisions including production, transformation and distribution, logistics, finance and strategic resources; infrastructure and technology solutions; and an examination of operational and organizational models.

Yossi Shnek, CIO IEC: "The IT master plan for the years 2010-2015 is an ambitious plan which will provide IEC advanced IT and communications systems that fit the needs of an organization of this magnitude and importance to the national economy. The plan covers 20 IT and communications projects performed by employees of IEC’s IT Department with expert support in various areas from Accenture and a number of other companies"

"The implementation of the multi-year IT master plan will combine advanced technology with updated processes,” said Moises Cohen, Senior Manager, Accenture Israel. "Accenture’s support of IEC will help to improve the efficiency, safety and reliability of IEC’s networks and systems, as well as manage consumer demand and increase energy efficiency.”

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 211,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com.