Accenture The lengthy shopping for spree continues with the acquisition of Strongbow Consulting. The monetary phrases of the deal weren’t disclosed.
That is the 216th know-how M&A deal coated by ChannelE2E and MSSP Alert thus far in 2023. See over 2,000 know-how M&A offers for 2023, 2022, 2021, and 2020 listed right here.
Accenture was based in 1989 and relies in Dublin, Eire. The corporate has 552,867 workers listed on LinkedIn. Accenture’s areas of experience embrace synthetic intelligence, cloud computing and safety.
Based in 2014, Strongbow Consulting is headquartered in Ridgewood, New Jersey. The corporate has 59 workers listed on LinkedIn. Strongbow’s areas of experience embrace community transformation, operational effectivity, community optimization, necessities documentation, enterprise case growth, sourcing and choice, resolution design, negotiation assist, implementation planning, and program administration workplace.
Strongbow’s crew has joined Accenture’s know-how worth group
Accenture mentioned the Strongbow Consulting crew will be part of Accenture’s know-how technique and advisory practices, and kind a core element of Accenture’s know-how worth apply, which was launched final 12 months when Advocate was acquired.
The corporate added that Strongbow Consulting will assist develop Accenture’s know-how enterprise administration (TBM).
Accenture Acquires Strongbow Consulting: Further Remark
Keith Boone, Senior Managing Director, Accenture
Keith Boone, North America director of technique and know-how consulting for Accenture, commented:
“This acquisition reinforces and fuels our ambition to assist shoppers search, create and develop worth by extracting the utmost profit from their know-how investments. Strongbow Consulting will help our shoppers in designing, designing and working infrastructure modernization applications that enhance speed-to-market and supply the agility that enterprise requires Right this moment’s digital Along with planning and constructing for the longer term, Strongbow Consulting’s management in balancing infrastructure stability with cost-effectiveness supplies the final word aggressive benefit our shoppers want to achieve at this time’s period of wholesale enterprise reinvention.”
Kathy Horst-Forsyth, Founder and CEO of Strongbow Consulting, mentioned:
“For practically a decade, shoppers have relied on Strongbow Consulting to establish the optimum know-how options to fulfill their enterprise wants, whereas delivering better-performing, extra dependable world infrastructure that delivers vital financial savings to their backside line. We’re excited to leverage our experience to develop and enhance worth capabilities know-how to Accenture whereas serving to extra clients extract most worth from their know-how investments.”
Accenture layoffs
The acquisition comes a couple of month after Accenture introduced a second spherical of layoffs at its Austin location, the place greater than 700 folks have misplaced their jobs.
Accenture at the moment employs about 5,900 folks in Austin, According to the Austin Chamber of Commerce.
The layoffs adopted a broader announcement by Accenture in March SEC filing He mentioned the corporate will lower 19,000 workers globally, or about 2.5% of its workforce, over the subsequent 18 months.
Regardless of layoffs, Accenture continues to purchase firms — buying greater than a dozen firms previously 18 months.
You possibly can see a full record of Accenture’s acquisitions that ChannelE2E is pursuing right here.
Investing in AI in Accenture
Again in June, the tech staffing agency introduced a $3 billion funding in synthetic intelligence (AI). Department of Data and Artificial Intelligence Practice. Accenture plans to multiply AI expertise to 80,000 folks by way of recruitment, acquisition and coaching. In line with Accenture, the funding in synthetic intelligence will take three years.
Accenture plans to make use of synthetic intelligence as a manner to assist clients throughout all industries. Accenture CEO Julie Candy mentioned that as a result of know-how is “altering quickly,” she needs Accenture to make use of synthetic intelligence to assist clients navigate their advanced environments “shortly and cost-effectively to make good selections.”