Accenture acquires Wolox to strengthen presence in South America

Accenture acquires Wolox to strengthen presence in South America
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18 Jan, 2021

Technology firm Accenture on Friday bought Argentinean cloud native and agile development firm Wolox for an undisclosed amount.

The deal, which marks the Irish firm’s second acquisition in 2021 after Real Protect, is expected to increase the company’s footprint in North America, as per a statement.

Accenture has bought six companies since November 13, 2020, including Melbourne-based cloud migration provider Olikka, Palo Alto-based analytics firm End-to-End Analytics, and Paris-based health consulting company OpusLine. In December, CFO KC McClure had said that Accenture would invest $1.7 billion on acquisitions in FY21.

Wolox, founded in 2012, deals with end-to-end development of software and mobile applications using technologies such as AI, blockchain, VR/AR, Ruby on Rails and AngularJS. The team currently employs more than 280 people, who work in the areas of digital business design, product creation and agile methodologies.

“The combination of Accenture and Wolox is a great opportunity to help our clients solve their most pressing challenges by leveraging the cloud and cutting-edge technologies,” Wolox co-founder Agustina Fainguersh said.

The addition of Wolox’s team would boost the global capabilities of Accenture Cloud First, which is a multi-service group focused on cloud services and has over 70,000 employees, the statement said.  Accenture, it said, looks to integrate Wolox’s offerings across its services such as strategy and consulting, technology and operations.

“The acquisition of Wolox brings differentiated skills to Accenture, as the team uniquely blends cloud native development with design and state-of-the-art technologies for business transformation,” Karthik Narain, global lead for Accenture Cloud First, said.