Accenture buys Australian cloud tech consultancy Industrie&Co
Cloud technology consulting firm Industrie & Co is Accenture’s most recent acquisition in Australia, valued at $ 40 million to $ 50 million.
Professional services giant Accenture is back in Australia for its latest purchase. it’s sixteenth worldwide. According to Accenture, Industrie & Co, which develops and develops cloud-native solutions with a focus on the financial services market, will strengthen the company’s Cloud First offering with its third acquisition in the local cloud space in the past eight months.
“The cloud is the foundation for digital transformation, and success over the next decade will be determined by the new experiences, products, and services that the cloud enables,” said Karthik Narain, the global leader in Accenture Cloud First in the United States. “Industrie & Co brings even more cloud-first capabilities to help Accenture customers design, move, and run their businesses in the cloud with speed, predictability, and holistic value.”
Industrie & Co was founded in 2007 and has grown to more than 170 employees spread across offices in Melbourne, Hong Kong, Singapore and the headquarters in Sydney. 150 are to move to Accenture in Australia. Among them are current managing director and co-founder Con Zeritis and Hong Kong-based managing director and one-time EY consultant Antony Morris, both of whom are joining Accenture as managing directors.
“We are very excited to have the opportunity to become part of Accenture. We share the corporate values and ambition to drive innovation, growth and business results,” said Zeritis. “Accenture’s extensive customer network, global scale and investment in the cloud-first strategy make an ideal home to accelerate our growth goals for both our customers and our team.”
According to the Industrie & Co website, the company has completed over 200 customer relationships – starting with Macquarie Bank and NAB – and launched over 20 startups. Other well-known customers of Industrie & Co include ING, AMP, HSBC, ASX and the human capital consultancy Mercer.
“The Industry & Co team brings a strong presence and culture of innovation to the industry that enables us to drive our customers’ growth,” said Tara Brady, CEO of Accenture in Australia and New Zealand, shortly before the latest cloud acquisitions the company took over year. “In a constrained talent market, the capabilities of Industrie & Co will ensure that we are well positioned to further accelerate the growth and innovation of our customers.”
The purchase follows the purchase of Perth-based technology consultancy Electro 80 earlier this month, and specifically two other regional cloud companies since October last year. The most recent was Melbourne-based AWS and Microsoft Azure consulting firm Olikka, which added around 50 experts. Shortly thereafter, the takeover of the 200-strong SAP and cloud consulting company Zag with branches in Wellington, Auckland, Sydney and Melbourne followed.
