Accenture has acquired Core Compete, a cloud analytics services firm headquartered in Durham, North Carolina, with additional offices in the UK and India.
Core Compete enables digital transformations with cloud-native solutions that deliver artificial intelligence (AI) and machine learning-infused business outcomes, to serve a diverse client base across the US and UK, with particular focus on supply chain, retail and financial services. Terms of the transaction were not disclosed.
Founded in 2012, Core Compete’s team of more than 260 professionals will join Accenture’s Applied Intelligence practice, strengthening how the company helps clients shape and execute their cloud-based data and AI strategies to drive more business value.
Powered by a deeply skilled group of data science, data engineering and cloud engineering consultants, the majority of whom have skills across all major cloud providers, Core Compete is well-positioned to meet a significant need in the market.
Spending on AI
Accenture research shows that two-thirds of CxOs are planning to increase spending on AI and over 60% will invest more in cloud-based technologies.
Accenture Applied Intelligence Global Lead Sanjeev Vohra said over the past year the company has seen cloud adoption increase, enabling organisations to unlock the enterprise value from data and AI strategy at speed.
“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,” said Sanjeev Vohra.
Core Compete Managing Partner Shiva Kommareddi said the company has always seen the power of cloud analytics and are proud of the client transformations it has led over the past nine years.
“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,” said Shiva Kommareddi.
This acquisition builds on Accenture’s growing analytics, data and AI business around the world, with the acquisitions of Analytics8 in Australia, Pragsis Bidoop in Spain, Mudano in the UK, Byte Prophecy in India, Sentelis in France, and Clarity Insights and End-to-End Analytics in the US.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. The company has built unmatched experience and specialised skills across more than 40 industries.
The company offers strategy and consulting, interactive, technology and operations services to global businessess and other establishments. It is powered by the world’s largest network of advanced technology and intelligent operations centers.
Applied Intelligence is Accenture’s approach to scaling AI for clients by embedding AI-powered data, analytics and automation capabilities into business workflows, accelerating time to value with a powerful global alliance, innovation and delivery network that can deploy and scale AI within any market and industry.