27 May 2021
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Accenture Mergers and Acquisitions Acquisitions

Accenture adds Industrie&Co to growing list of acquisitions

Accenture has today announced its acquisition of tech consultancy firm Industrie&Co, with aims to expand its Cloud First capabilities and bolster its delivery of cloud native services for its clients.

With Industrie&Co’s ability to design cloud native solutions for enterprises, Accenture hopes to leverage this to guide their clients as they transform into digital businesses. 

The acquisition, the terms of which were not disclosed, will bring 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”, the company says.

Accenture’s announcement follows a spate of other acquisitions and investments throughout the A/NZ region in the last 18 months. This includes 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.

Industrie&Co comes under the Accenture umbrella with 173 employees and financial services expertise across several verticals, including banking, payments, wealth management, superannuation, insurance and capital markets. 

“Cloud engineering is in high-demand as the benefits of cloud are increasingly realised locally and more clients are demanding cloud native solutions built at speed,” said Matt Coates, Cloud First Lead for Accenture in Australia and New Zealand. 

“Accenture’s cloud first approach is closely aligned with Industrie&Co and the combination of the two firms will ensure our clients maintain a competitive advantage and reap the benefit of seamless, end-to-end cloud capabilities.” 

Industrie&Co chief executive officer Con Zeritis says he excited to begin working with Accenture’s team.

“We are delighted to have the opportunity to become part of Accenture, we share entrepreneurial values and an ambition to drive innovation, growth and business outcomes,” says Zeritis.

“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.”

Accenture market unit lead for A/NZ Tara Brady says the acquisition enriches the company’s offering in the cloud native sphere.

“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,” says Brady.

“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.”

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