Accenture: (NYSE: ACN) has acquired Industrie&Co, a technology consultancy that designs and creates cloud native solutions for enterprises and “born in the cloud” fast emerging companies. The acquisition expands Accenture’s Cloud First capabilities in delivering cloud native services for clients, particularly within financial services, as they increasingly transform into digital businesses and build new digital products and services. Terms of the transaction are not being disclosed.
Founded in 2007, and headquartered in Sydney, with offices in Melbourne, Hong Kong and Singapore, Industrie&Co brings to Accenture a deep heritage in cloud infrastructure engineering, offering organisations a comprehensive service suite encompassing capabilities across strategy, design and delivery of cloud products and platforms.
With 173 employees, Industrie&Co has strong financial services experience spanning multiple verticals, including banking, payments, wealth management, superannuation, insurance and capital markets.
The acquisition enables Accenture Cloud First to apply its leading multi-service capabilities and provide clients with an unparalleled combination of industry knowledge, cloud and infrastructure experience, and cloud ecosystem leadership.
“Cloud is the foundation for digital transformation and success in the next decade will be defined by the new experiences, products and services that cloud makes possible,” said Karthik Narain, global lead for Accenture Cloud First. “Industrie&Co brings even more cloud-first skills to help Accenture clients innovate with speed, predictability and holistic value as they shape, move and operate their businesses in the cloud.”
Con Zeritis, CEO of Industrie&Co said, “We are delighted to have the opportunity to become part of Accenture, we share entrepreneurial values and ambition to drive innovation, growth and business outcomes. Accenture’s vast client network, global scale and investment in their cloud-first strategy makes for an ideal home to enable us to accelerate our growth objectives for both our clients and team.”
“The Industrie&Co team brings to Accenture a strong industry footprint and culture of innovation, that will enable us to drive growth for our clients,” said Tara Brady, market unit lead for Accenture in Australia and New Zealand. “In the context of a constrained talent market, Industrie&Co’s skills will ensure we are well positioned to continue to accelerate our client’s growth and innovation capabilities.”
Accenture’s acquisition of Industrie&Co follows other investments across Australia and New Zealand in the past 18 months, including operational technology provider Electro 80, supply chain and logistics consulting firm GRA, cloud-native solutions provider Olikka, SAP and cloud solutions technology firm Zag, data analytics and supply chain management company Icon Integration and business strategy and econometrics firm AlphaBeta.
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