Accenture is acquiring cloud-native and agile development company Wolox to enhance the global capabilities of Accenture Cloud First. This move follows a $3 billion investment from the company into Cloud First, which will be deployed over the next three years. Financial terms of the acquisition were not disclosed.
In the company’s press release, Accenture Cloud First’s Global Lead Karthik Narain said: “The acquisition of Wolox brings differentiated skills to Accenture, as the team uniquely blends cloud-native development with design and state-of-the-art technologies for business transformation. Wolox has multidisciplinary teams of industry and business experts, UX/UI designers, software designers, architects, and engineers, and together, we’re now more equipped to help clients tap into the technology expertise and human ingenuity that powers how Accenture innovates.”
Accenture is a managed service provider for AWS, Azure, and Google Cloud offering cloud services and cloud-based solutions involving strategy, consulting, and operations. They provide help with security, scalability, migration, and agility, as well as defining support roles and using automation to infuse intelligence into IT service delivery. Accenture’s cloud services range from general-purpose for all enterprises to vertical-specific solutions that are tailor-made for businesses in different industries, with a reach that spans across the globe.
Wolox founder and CEO Agustina Fainguersch, added: “Since 2012, Wolox has focused on transforming industries through technology. By joining Accenture, we will be able to continue doing so, furthering our reach and impact in a more robust manner. The combination of Accenture and Wolox is a great opportunity for our teams and clients. This is our moment to help clients solve their most pressing challenges by leveraging the cloud and cutting-edge technologies.”
Learn more about the Accenture-Wolox acquisition here.
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