Accenture (NYSE: ACN) has completed its acquisition of Cygni, a cloud-native, full-stack development firm that helps companies transform their business through advanced technical software development services and innovative technical solutions. The terms of the transaction, which Accenture announced on March 29, were not disclosed.
With headquarters in Stockholm, and offices across Sweden and one office in Amsterdam, Netherlands, Cygni helps some of Sweden’s most recognized brands to transform digitally. The company was founded in 2006 with the vision to be the best place to work for highly skilled and ambitious software developers and has been recognized by ‘The Great Place To Work Foundation’ as the best workplace in Europe five times as well as the best workplace in Sweden for seven consecutive years. The acquisition adds approximately 190 software developers to Accenture Cloud First, bringing a highly skilled, cloud-native, full-stack engineering team with cloud, data, and modernization skills across multiple platforms and industries.
Cygni will further enhance the global capabilities of Accenture Cloud First. Powered by 70,000 cloud professionals, and a $3 billion investment over the next three years, the Accenture Cloud First group brings together unmatched depth and breadth of cloud expertise, industry cloud solutions, ecosystem partner capabilities, and assets that help clients realize greater value from cloud at speed and scale.