Accenture to acquire analytics co Novetta, EPM firm Nell’Armonia

Accenture to acquire analytics co Novetta, EPM firm Nell’Armonia
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Global IT services and consulting major Accenture announced its intent to acquire analytics company Novetta and enterprise performance management (EPM) solutions company Nell’Armonia.

The financial details of both the acquisitions, announced on Tuesday, were not disclosed. The two acquisitions are the latest to be added to Accenture’s hectic buying spree this year.

Read: Accenture is on an acquisition spree around the globe. Here’s why

Virginia based Novetta, founded in 1996, will become a part of Accenture Federal Services, to expand its expertise in defence, intelligence and law enforcement solutions. Novetta already serves US federal organisations in the implementation of machine learning and cloud engineering services to help with policing and law and order situations. 

Novetta is backed by global investment firm Carlyle Group and the acquisition is subject to customary closing conditions.

“By joining forces, we will help clients in all government sectors become leaders in using sophisticated analytics and emerging technologies to solve problems in new ways,” said Accenture Federal Services CEO John Goodman. Novetta’s 1,300 employees are expected to join Accenture Federal Services’ team of 10,500 employees who work with the federal government in the US to enhance its digital capabilities.

Separately, the IT firm also announced its intent to acquire Paris based consulting and technology company Nell’Armonia.

The buy, subject to customary closing conditions, will see 135 employees of Nell’Armonia move to Accenture France to complement the latter’s finance and end-to-end enterprise planning needs. The buy will serve to strengthen Accenture’s France and Israel services.

The company will help Accenture with its expertise in Oracle EPM cloud solutions, Anaplan, CCH Tagetik and OneStream solutions. “Many large French companies will engage in EPM transformation powered by cloud innovation and motivated by their commitment to sustainability,” said Stephanie Jandard, managing director and Technology lead, Accenture France.