Highlight Report

Accenture is on an acquisition spree to enhance its Cloud First capabilities

July 8, 2021

Accenture launched its Cloud First division in September last year with a $3 Billion investment plan over the next three years to help its clients accelerate their digital transformation. This includes a group of cloud professionals offering the clients a full spectrum of end-to-end cloud services including cloud migration, infrastructure, and application services.

Since its launch of Cloud First, Industrie&Co is the 10th acquisition by Accenture to strengthen its Cloud First model. Other recent Cloud First acquisitions have been geographically focused, including French-based LinkbyNet, Sweden based Cygni, UK-based AWS Advanced Consulting Partner Infinity Works, US-based cloud-native and platform engineering platform Imaginea, Argentinean cloud-native and agile development firm Wolox, Australian based Amazon Web Services, and Microsoft Azure Specialist firm Olikka, Spain-based cloud migration and related services provider Enimbos

Accenture is helping clients across industries to become cloud-first rapidly

Accenture acquired Industrie&Co, an Australian next-generation digital transformation & technology services company. Headquartered in Sydney, the company has a presence throughout Australia and few Southeast Asian countries. With 173 employees, the company provides expertise in building and designing cloud-native platforms for financial sector services.

With the acquisition of the cloud solutions provider, Accenture’s Cloud First will benefit from additional talent and skills in cloud optimization and management, infrastructure engineering services, cloud transformation, and security services. This further enhances its geographical reach and localization efforts, rapidly increasing its client portfolio. In addition, this will bolster Cloud First’s capabilities in delivering cloud expertise by building digital platforms and services to the clients and transform them into digital businesses

“Industrie&Co brings even more cloud-first skills to help Accenture clients innovate with speed, predictability, and holistic value as they shape, move and operate their businesses in the cloud.”
Karthik Narain, Global lead for Accenture Cloud First

Cloud competition is heating up, and providers are stepping up to expand their offering rather than differentiating themselves

Accenture peers are also stepping up their cloud game. For example:

  • Atos launched Atos OneCloud with a dedicated €2 billion investment over the next five years.
  • Infosys launched Infosys Cobalt – A Set of Services, Solutions, and Platforms for Enterprises to Accelerate their Cloud Journey
  • Capgemini partnered with Orange and Microsoft to form a new company named “Blue” in France, an impressive step to provide cloud services and offerings under French Jurisdiction.
  • Google Business Group Unit was launched by Cognizant in partnership with Google to accelerate cloud journeys
  • TCS launched AWS Business Unit to help its customers to leverage its end-to-end cloud offerings for their business transformation program.
The Bottom line: Accenture’s acquisition spree continues to strengthen its expertise along with the expansion of footprints across geographies, increasing its ability to help global clients with their mission-critical cloud priorities

Cloud adoption among Accenture’s clients has accelerated during the pandemic. With this series of acquisitions, Accenture is bringing stability, scale, and access to additional talent, that benefits its clients with end-to-end cloud services in their cloud journey.

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