Accenture bets on acquisitions to bolster cloud biz

Accenture is betting on acquisitions to expand its cloud business which grew in double-digits for the second quarter ended 28 February. Accenture’s fiscal year ends 31 August.

The IT consulting giant formed the Cloud First group last September with a plan to invest $3 billion over three years to help clients across industries rapidly become “cloud first” businesses and accelerate their digital transformation.

Since the launch of Cloud First, Accenture has acquired nine companies in the cloud segment to meet rising global demand for its services. The acquisitions include Imaginea (US), which has centres in India, for cloud native product and platform engineering skills, Linkbynet (France), Cygni (Sweden), Infinity Works (UK), Edenhouse (UK), Wolox (Argentina), Olikka (Australia/New Zealand), Enimbos (Spain), and Zag (Australia/New Zealand).