June 29, 2022

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Technology Forever

Accenture Acquires Agile Cloud Application Computer software Developer Wolox

Accenture has acquired Wolox, a cloud-concentrated agile software development organization. Economic phrases of the offer were not disclosed.

This is M&A deal variety 51 that ChannelE2E has coated so considerably in 2021.

Wolox, started in 2012, employs 280 gurus who specialize in digital organization style, product development and agile squads, Accenture suggests. Essential Wolox partners involve Amazon World-wide-web Companies (AWS), Auth0, Endeavor, Google Cloud System (GCP), IBM, PayPal and Singularity University, according to the seller’s website.

Wolox, based mostly in Argentina, aligns with the Accenture Cloud Very first initiative — which spans 70,000 staff who are centered on cloud computing tasks and companies for customers. Accenture Cloud First fundamentally has a $3 billion finances — $1 billion for each calendar year — above the upcoming three a long time, the world wide IT consulting business states.

Accenture Acquires Cloud Software Improvement Corporation Wolox: Executive Perspectives

Karthik Narain, international direct, Accenture Cloud To start with

In a prepared statement about the offer, Karthik Narain, global lead for Accenture Cloud Very first, said:

“The acquisition of Wolox delivers differentiated capabilities to Accenture, as the workforce uniquely blends cloud indigenous advancement with layout and point out-of-the-art systems for small business transformation. Wolox has multidisciplinary groups of business and business specialists, UX/UI designers, computer software designers, architects and engineers and, together, we’re now much more geared up to support customers faucet into the engineering expertise and human ingenuity that powers how Accenture innovates.”

Included Sergio Kaufman, president of Accenture Argentina and Hispanic South The united states:

“By pairing Accenture’s world wide expertise with Wolox’s regional expertise and abilities, this acquisition strengthens our capability to assist shoppers speed up business enterprise transformation applying cloud systems and supply measurable small business value. We will integrate Wolox throughout Accenture’s services, together with Tactic & Consulting, Interactive, Technologies and Functions, enabling us to deliver 360 diploma value for our purchasers, folks, shareholders, associates and communities.”

Concluded Agustina Fainguersch, Wolox founder and CEO:

“Since 2012, Wolox has targeted on reworking industries as a result of technological know-how. By joining Accenture, we will be capable to continue undertaking so, furthering our get to and impression in a more sturdy manner. The combination of Accenture and Wolox is a great possibility for our teams and shoppers. This is our second to aid clients remedy their most pressing challenges by leveraging the cloud and chopping-edge technologies.”

Cloud Consulting Mergers and Acquisitions

M&A action targeted on cloud consulting and migration companies has been incredibly strong. In addition to Accenture, important buyers in the M&A industry include things like AtosCognizantDeloitte, IBM and other global IT consulting companies as very well as private equity corporations. Pundits close to the offers suggest that some of the M&A deals could include overheated bidding wars for cloud expertise, in accordance to ChannelE2E track record reporting.