Halliburton strategy (October 2001)
Following Schlumbergers Sema acquisition, Halliburton has adopted a parallel strategy, signing a major deal with systems integrator Accenture.While Schlumbergers takeover of Sema may not have impressed the stock market, it has had an effect on Halliburton. On the heels of Schlumbergers foray into large-scale systems integration, Halliburton has announced an expansion of Landmarks long-standing relationship with Accenture.
Outsourcing
This will now encompass business transformation, outsourcing, consulting and project management. Landmark, through its GrandBasin unit will provide hosted applications and data management. The companies will focus initially on five operational issues: technical to business integration, decision-making, process and knowledge management, and outsourcing.
Lesar
Speaking to the investment community, Halliburton CEO Dave Lesar said, Teaming with Accenture will leverage Landmarks offering and let our organizations pursue large-scale data management and outsourcing contracts. We will have similar announcements with other systems integrators in the future. Lesar contrasted Halliburtons strategy with the competition by claiming that the same synergies would be achieved without buying the company.
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