Accenture has acquired Wolox, a cloud-targeted agile software program growth business. Money terms of the offer were being not disclosed.
This is M&A deal range 51 that ChannelE2E has protected so considerably in 2021.
Wolox, launched in 2012, employs 280 professionals who focus in digital business enterprise design and style, merchandise development and agile squads, Accenture says. Vital Wolox partners contain Amazon World wide web Providers (AWS), Auth0, Endeavor, Google Cloud Platform (GCP), IBM, PayPal and Singularity College, in accordance to the seller’s web site.
Wolox, centered in Argentina, aligns with the Accenture Cloud Initially initiative — which spans 70,000 staff who are targeted on cloud computing tasks and services for consumers. Accenture Cloud Initially fundamentally has a $3 billion spending budget — $1 billion for every year — above the subsequent three several years, the world IT consulting firm suggests.
Accenture Acquires Cloud Software package Growth Company Wolox: Government Views
Karthik Narain, global guide, Accenture Cloud Very first
In a geared up assertion about the offer, Karthik Narain, global direct for Accenture Cloud First, said:
“The acquisition of Wolox brings differentiated capabilities to Accenture, as the team uniquely blends cloud indigenous advancement with structure and state-of-the-art technologies for small business transformation. Wolox has multidisciplinary teams of market and small business industry experts, UX/UI designers, application designers, architects and engineers and, alongside one another, we’re now more outfitted to aid shoppers faucet into the engineering experience and human ingenuity that powers how Accenture innovates.”
Additional Sergio Kaufman, president of Accenture Argentina and Hispanic South America:
“By pairing Accenture’s world-wide abilities with Wolox’s regional talent and capabilities, this acquisition strengthens our potential to assist purchasers accelerate small business transformation applying cloud technologies and produce measurable company price. We will integrate Wolox across Accenture’s companies, including Tactic & Consulting, Interactive, Technologies and Operations, enabling us to provide 360 diploma price for our consumers, people, shareholders, associates and communities.”
Concluded Agustina Fainguersch, Wolox founder and CEO:
“Since 2012, Wolox has concentrated on transforming industries via technologies. By signing up for Accenture, we will be equipped to proceed accomplishing so, furthering our reach and effect in a far more strong manner. The mix of Accenture and Wolox is a fantastic prospect for our teams and consumers. This is our minute to help purchasers solve their most urgent troubles by leveraging the cloud and slicing-edge systems.”
Cloud Consulting Mergers and Acquisitions
M&A action concentrated on cloud consulting and migration companies has been incredibly powerful. In addition to Accenture, essential customers in the M&A marketplace include Atos, Cognizant, Deloitte, IBM and other world wide IT consulting companies as nicely as private fairness companies. Pundits close to the bargains propose that some of the M&A deals could contain overheated bidding wars for cloud talent, according to ChannelE2E qualifications reporting.