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Accenture to buy CS Technology, Ethica Consulting to build cloud, SAP capabilities

Accenture to buy CS Technology, Ethica Consulting to build cloud, SAP capabilities
Photo Credit: 123RF.com
2 Jul, 2021

Global IT (information technology) and consulting services major Accenture has announced the decision to acquire cloud engineering firm CS Technology and Italy-based Ethica Consulting Group. 

The financial details of both deals were not disclosed. 

CS Technology, headquartered in New York and Sydney, brings cloud infrastructure engineering capabilities with strengths in the areas of infrastructure and cloud planning, critical facilities design, data center, and modern workplace technologies. 

The company offers three decades of experience in executing strategic initiatives and serves Fortune 2000 clients across sectors ranging from BFSI to retail and pharma, according to a statement. 

With this deal, it is expected to boost Accenture Cloud First’s capabilities, enhancing the IT giant’s portfolio of cloud services aimed at helping clients take full advantage of cloud and distributed edge computing platforms in an ever-evolving digital world. 

“The addition of CS Technology better positions Accenture Cloud First to design and execute fit-for-purpose, hybrid cloud strategies that achieve measurable business outcomes,” Karthik Narain, global lead of Accenture Cloud First, said while commenting on the acquisition. 

The deal will also see over 100 CS Technology professionals move to Accenture. 

Separately, the acquisition of Ethica Consulting will strengthen Accenture’s SAP capabilities, enabling the company to drive better digital transformation for clients in Italy. 

The group holds three companies specializing in different SAP technologies and has been helping mid-sized Italian companies reinvent their business processes through advanced software and professional services for over two decades. 

As part of this deal, which remains subject to customary closing conditions, Ethica will move some 400 SAP specialists to the Accenture SAP Business Group in Italy.  

Gloablly, Accenture employs over 5.69 lakh people. 

“Bringing in Ethica’s talent and resources will allow us to further scale our SAP capabilities in Italy and help companies use technology to become more agile and productive,” Alessandro Marin, Accenture’s technology lead for Italy, Central Europe and Greece, said.  

“Ethica’s significant skills and experience complements our own technical and industry expertise and will be invaluable to our clients in Italy as they evolve and fully leverage the potential of cloud to become intelligent enterprises,” he added.