US consulting giant Accenture has announced its acquisition of Australian big data and analytics consultancy company Analytics8, as stated in an official release.
The terms of the transaction, which is subject to customary closing conditions, are not being disclosed.
Founded in 2002, Analytics8 specialises in data management, reporting and visualisation, data science and analytics services to help companies derive enhanced insights from data.
Following the deal, Analytics8’s Melbourne and Sydney-based team of 70 professionals will join Accenture Applied Intelligence, which uses artificial intelligence-powered data, automation and analytics to help clients transform their businesses.
According to Analytics8 co-owner Hedde Schuitemaker, the company’s data scientists and data analytics expertise will be able to complement Accenture’s applied intelligence capabilities and industry knowledge.
Accenture managing director Amit Bansal said the consolidation will enable the companies to “offer a unique, AI-based approach to help clients combine data, analytics and automation at scale.”
The latest deal makes Analytics8 the latest Australian-based company to have been acquired by Accenture in the past year as it looks to grow its capabilities in digital growth channels.
The move follows the consulting firm’s acquisitions of cybersecurity and technology company BCT Solutions in June and Adelaide Oracle specialist PrimeQ in December 2018.