Overview:
On April 20, 2020, Accenture announced its intent to acquire Gekko, a leading French Amazon Web Services (AWS) cloud services company.
Financial terms of the transaction were not disclosed.
About Accenture:
Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services.
With 509,000 people serving clients in over 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises.
About Gekko:
Founded in 2015, Gekko is a cloud services company. It provides AWS focused consulting, integration and managed services.
It is an AWS Advanced partner, holds an AWS competency in storage and is an AWS Authorized Training partner. Gekko is also part of the AWS Solution Provider and Well Architected Framework program.
It has over 100 trained cloud professionals, with more than 85 AWS certifications.
It is headquartered in Bordeaux, France.
Transaction Rationale:
The acquisition would expand Accenture’s AWS resources in France to support enterprise migrations and development on cloud platforms, which has become the foundation for innovation and business transformation and would strengthen Accenture’s general and industry-specific cloud experience in AWS technologies for clients in France and across Europe.
The combination of Gekko’s deep skills in AWS with Accenture’s industry knowledge and experience in global large-scale cloud initiatives would now provide highly differentiated end-to-end services to the European market and clients would benefit from full range cloud services including strategy ideation, migration and managed services.
This transaction would strengthen Accenture’s positions with key providers in the cloud and AI space, including ecosystem partners such as Amazon, Google and Microsoft.
It will also enhance Accenture’s end-to-end Intelligent Cloud & Infrastructure Services and will complement the capabilities and strategic objectives of the Accenture AWS Business Group (AABG), which is built on over 13 years of partnership between Accenture and AWS and thousands of successful joint projects, within Accenture Technology in France, Belgium, Luxembourg and the Netherlands.
The Chesapeake Group was not the advisor in this transaction.