Accenture Acquires Core Compete, Expands Capabilities and Talent in AI-powered Supply Chain, Cloud and Data Science

NEW YORK–()–Accenture (NYSE: ACN) has acquired Core Compete, a cloud analytics providers agency headquartered in Durham, North Carolina, with further places of work within the UK and India. Core Compete allows digital transformations with cloud-native options that ship synthetic intelligence (AI) and machine learning-infused enterprise outcomes, to serve a various consumer base throughout the US and UK, with specific concentrate on provide chain, retail and monetary providers. Terms of the transaction weren’t disclosed.

Founded in 2012, Core Compete’s crew of greater than 260 professionals will be part of Accenture’s Applied Intelligence apply, strengthening how the corporate helps purchasers form and execute their cloud-based knowledge and AI methods to drive extra enterprise worth.

Powered by a deeply expert group of knowledge science, knowledge engineering and cloud engineering consultants, the vast majority of whom have expertise throughout all main cloud suppliers, Core Compete is well-positioned to satisfy a big want available in the market. Accenture analysis shows that two-thirds of CxOs are planning to extend spending on AI and over 60 p.c will make investments extra in cloud-based applied sciences.

“Over the past year we’ve seen cloud adoption increase, enabling organizations to unlock the enterprise value from data and AI strategy at speed,” mentioned Sanjeev Vohra, international lead for Accenture Applied Intelligence. “Core Compete’s approach to cloud analytics transformation helps us further accelerate time to value for our clients, giving them the right tools, strategy and talent to reap the full benefits of being data-driven.”

“We have always seen the power of cloud analytics and are proud of the client transformations we’ve led over the past nine years,” mentioned Shiva Kommareddi, managing accomplice, Core Compete. “Accenture’s investment in cloud and focus on AI as an exponential source of value is exactly what we need to help broaden our impact across new markets and industries and deepen our impact with clients.”

This acquisition builds on Accenture’s rising analytics, knowledge and AI enterprise around the globe, with the acquisitions of Analytics8 in Australia, Pragsis Bidoop in Spain, Mudano within the UK, Byte Prophecy in India, Sentelis in France, and Clarity Insights and End-to-End Analytics within the US.

About Accenture

Accenture is a world skilled providers firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised expertise throughout greater than 40 industries, we provide Strategy and Consulting, Interactive, Technology and Operations providers — all powered by the world’s largest community of Advanced Technology and Intelligent Operations facilities. Our 537,000 folks ship on the promise of expertise and human ingenuity each day, serving purchasers in additional than 120 nations. We embrace the facility of change to create worth and shared success for our purchasers, folks, shareholders, companions and communities. Visit us at www.accenture.com.

Applied Intelligence is Accenture’s strategy to scaling AI for purchasers by embedding AI-powered knowledge, analytics and automation capabilities into enterprise workflows, accelerating time to worth with a robust international alliance, innovation and supply community that may deploy and scale AI inside any market and trade. To study extra, go to www.accenture.com/appliedintelligence.

Forward-Looking Statements

Except for the historic data and discussions contained herein, statements on this information launch might represent forward-looking statements inside the which means of the Private Securities Litigation Reform Act of 1995. Words comparable to “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and related expressions are used to establish these forward-looking statements. These statements contain a lot of dangers, uncertainties and different elements that might trigger precise outcomes to vary materially from these expressed or implied. Many of the next dangers, uncertainties and different elements recognized under are, and might be, amplified by the COVID-19 pandemic. 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