Accenture announced on April 8, 2021, that it has acquired cloud analytics company Core Compete. The acquired firm deals across retail, supply chain, and financial services industries. The financial details of the agreement are not disclosed yet.
The plans are to merge Core Compete’s team of over 260 professionals with Accenture’s Applied Intelligence practice. The department aims to help enterprises work and bring better results on cloud-based data and AI strategies.
“Over the past year we’ve seen cloud adoption increase, enabling organizations to unlock the enterprise value from data and AI strategy at speed,” said Sanjeev Vohra, Global Lead for Accenture Applied Intelligence. “Core Compete’s approach to cloud analytics transformation helps us further accelerate time to value for our clients, giving them the right tools, strategy and talent to reap the full benefits of being data-driven.”
There’s been an abundance of M and amp;A activity in Accenture so far this year. At the start of the year, the company announced acquisition of a Brazilian security company – Real Protect. After some days, it also purchased the Argentinean cloud-native and agile development company Wolox.
The company has other plans to expand and work on the cloud revenue with software-as-a-service, platform services, and migrating customers to cloud infrastructure and other applications. The same pattern also acquired Businet System, a Tokyo, Japan-based company representing cloud e-commerce solutions for retail clients.
Businet System has developed an order management system that works on a software-as-a-service Salesforce Commerce Cloud solution. The same day records Future State’s acquisition, intending to improve human resources in the innovation and consultancy sector.
More on the record of acquisitions, Accenture has recently bought Analytics8 in Australia, Pragsis Bidoop in Spain, Mudano in the UK, Byte Prophecy in India, Sentelis in France, and Clarity Insights and End-to-End Analytics in the US.