Global answer supplier Accenture Wednesday unveiled the acquisition of Core Compete, a developer of cloud analytics and cloud-native artificial intelligence applied sciences.
With the acquisition, Accenture is increasing its personal cloud analytics and AI capabilities, in addition to getting a seasoned crew steeped in expertise with these superior applied sciences, mentioned Sanjeev Vohra, world lead for Accenture Applied Intelligence.
Instead of bringing in new capabilities Accenture didn’t have previous to the acquisition, Durham, N.C.-based Core Compete enhances Accenture’s present attain into the cloud analytics market, Vohra instructed CRN. Financial phrases of the deal weren’t disclosed.
“Core Compete has completely embraced cloud analytics,” he mentioned. “Cloud collaboration and adoption has increased strongly in the last 18 months. When clients move to the cloud, they look at what to do next. First is the applications. Second is the data. Then they bring AI on the cloud. You can do this with traditional AI or native AI services, ‘native’ meaning created by Google, AWS, Azure, or companies like Snowflake.”
Founded in 2012 and now with 260 staff, Core Compete helps shoppers as they transfer functions to the cloud and herald cloud-native providers, Vohra mentioned.
“We’re seeing the world move to be cloud-native,” he mentioned. “Core Compete has strong SaaS [cloud analytics] skills, and experience with both supply chains and finance and risk. But in the last four to five years, it has been an early adopter of native cloud analytics, with a large number of people certified on analytics on Azure and [Amazon Web Services].”
Accenture acquired Core Compete primarily for its strategy to cloud analytics and AI, and partly as a result of Vohra knew Core Compete’s CEO for a while and wished him to be a part of Vohra’s crew.
“We’re expanding our team, and are learning from Core Compete’s techniques for migration to the cloud and reskilling and education programs,” he mentioned. “Talent is scarce in this space. But it’s not just talent. It’s also the leaders who can help us accelerate our own capabilities faster.”
The acquisition of Core Compete is the most recent in a string of over 65 acquisitions Accenture has made within the final couple years, Vohra mentioned.
“Our acquisitions are based on what skills we need and on complementary markets,” he mentioned. “Some acquisitions are market-specific, and some are global in nature.”