Overview:
On 11 October 2021, Accenture announced the acquisition of BRIDGEi2i, a Bangalore-headquartered data analytics and AI company.
The acquisition scales the global capabilities of Accenture’s Applied Intelligence practice with the addition of over 800 experts of data science, machine learning and AI domains.
Financial terms of the transaction were not disclosed.
About Accenture:
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. It has 624,000 employees serving clients in more than 120 countries across more than 40 industries.
Accenture Applied Intelligence practice has more than 40,000 employees globally, majority of which are data scientists, machine learning experts and visual storytellers based in India.
About BRIDGEi2i:
Founded in 2011, BRIDGEi2i is a data analytics and AI company. It provides digital transformation services to companies by combining its data engineering and advanced analytics capabilities with its proprietary AI accelerators.
It serves companies in the technology, consumer goods, financial services and insurance sectors.
The company has over 800 employees.
Headquartered in Bangalore, India, BRIDGEi2i has additional offices in US and Australia.
Rationale of the transaction:
AI has emerged as a key enabler for digital transformation in the wake of the COVID-19 pandemic as enterprises ramp up investments in emerging technologies to refocus on growth and tackle disruptions.
Accenture has been growing its analytics and AI capabilities through acquisitions to deliver more value to its clients through data-driven digital transformation.
The acquisition of BRIDGEi2i follows Accenture’s recent purchases of Mudano in UK, Byte Prophecy in India, Sentelis in France and End-to-End Analytics & Core Compete in US to grow the global footprint and capabilities of its Applied Intelligence practice.
BRIDGEi2i also adds its proprietary AI accelerators to Accenture’s offerings which will help its customers in their agility to generate insights and take more accurate decisions.
The Chesapeake Group was not an advisor in this transaction.
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