One of the largest Global professional services company Accenture has made two acquisitions in North America to expand its Industry X.0 practice.
As of now the company has acquired one of the largest hardware engineering company Mindtribe and entered into an agreement to buy smart embedded software company which is named as Pillar Technology.
The two acquisitions will boost Accenture’s ability to support companies in redefining smart connected software and physical products for their utmost clients. Accenture Industry X.0 provides industrial, high-tech, software, automotive, energy and utility companies with services to shift to digital products and services, transform their engineering, manufacturing and field operations, and digitize their enterprises.
The company which is founded in the year 1998, Mindtribe creates innovative connected hardware which is fully fresh integrated with digital services for many iconic brands and high-tech companies.
The company – led by Steve Myers, CEO which also has a team of around more than 40 professionals which is base out of San Francisco. The team will work with Accenture’s Industry X.0 team and professionals from Accenture Interactive’s San Francisco Fjord studio.
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Pillar Technology, which is founded in the year 1996 brings its experience in the rapid/agile development of embedded software used in smart, connected products such as autonomous vehicles, working with many iconic brands and high-tech companies. Led by Bob Myers, CEO, the company has a team of 320 people in Columbus, Ohio, Des Moines, Iowa, Ann Arbor, Michigan, and Palo Alto, California.
Upon closing, Myers will continue to be responsible for the Pillar Technology business. In addition, he will lead Accenture Industry X.0’s smart products & embedded solutions practice. ACN is continuing to use acquisitions to bolster its Industry X.0 initiative and provide next-generation technology services to the connected device industry.
The Mindtribe acquisition has been completed. Completion of the acquisition of Pillar is subject to customary closing conditions and still there is no response from the company with respect to the amount for which it is closed.
Date: August 29, 2018
Source: Startup World