iSoft may lose Accenture deal
Management consulting firm considering another supplier
There may be more trouble ahead for software developer iSoft after it was
reported that Accenture was considering using another supplier for its £12bn
upgrade to the National Health Service’s IT infrastructure.
Bill Green, Accenture’s chief executive, told analysts on a conference call
after its third-quarter results that it was ‘watching the iSoft situation
closely’ and that the company had a ‘series of alternatives that we can take
iSoft has lost about 80% of its market value after a series of profits
warnings and being forced to restate its previous accounts to reflect a change
in its accounting policy.
The loss of the two Accenture contracts could result in a loss of about £200m
in revenue for iSoft, the Independent reported.