Accenture (NYSE: ACN) has agreed to acquire Parsionate, a data
consultancy specialized in data products and modern data foundation
services, ranging from data strategy development to technology
implementation.
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Accenture has agreed to acquire
Parsionate, a data consultancy specialized in data products and
modern data foundation services, ranging from data strategy
development to technology implementation. (Photo: Business
Wire)
With deep industry-specific capabilities in the retail and
industrial sector, as well as in the consumer goods and life
sciences industries, the acquisition of Parsionate will strengthen
Accenture's data and artificial intelligence (AI) capabilities in
Europe and enhance the company's ability to deliver innovative,
data-driven solutions to clients in these markets.
According to research from Accenture, 75% of C-level leaders
plan to increase their spending on data and AI in 2024, compared to
50% that increased spending in 2023.
“Data readiness is essential to a company’s ability to harness
advances in AI. Getting data right – as part of a strong,
cloud-based digital core – lays the foundation for achieving
exponential value through AI,” said Christina Raab, market unit
lead for Accenture in Germany, Austria and Switzerland.
“Parsionate's holistic data expertise, from strategy development to
technology implementation, will enhance our ability to provide
clients with highly tailored and effective data-driven solutions
that will help them harness the transformative power of generative
AI.”
Headquartered in Stuttgart, Germany, with offices in Munich,
Dortmund and Hamburg as well as in the Netherlands, Sweden and
Switzerland, Parsionate is known for its ability to translate
between data architectures and business context and is recognized
by Gartner as a major service provider in Master Data Management
and Data Governance globally. Parsionate’s team of 130
professionals, from data consultants and architects to engineers,
will join Accenture Technology's Data & AI group. Its founders,
Thomas Sperrfechter and Michael Fieg, will lead the data
architecture and management portfolio within the group in Germany,
Austria and Switzerland.
“Parsionate brings exceptional proficiency in data and
analytics, combined with strong international data product
capabilities and deep industry expertise,” said Kathrin Schwan, who
leads Accenture’s Data & AI business in Germany, Austria and
Switzerland. “The data and AI market is experiencing significant
growth and coupled with Parsionate’s team of senior experts, we can
offer an even more comprehensive range of services to help our
clients win in this dynamic environment.”
“We are excited to join Accenture and become part of its global
network,” said Thomas Sperrfechter and Michael Fieg, founders and
managing directors at Parsionate. “Our clients value us for giving
them a competitive edge by enhancing their data readiness and
enabling data as an asset. By joining forces with Accenture, we
will generate synergies along the data and analytics value chain
and will be able to offer even more comprehensive and innovative
data-driven solutions, while providing new growth opportunities to
our team.”
The acquisition of Parsionate is the latest in a series of moves
by Accenture to strengthen its data and AI capabilities. In recent
months, the company has also acquired customer experience analytics
provider GemSeek, process innovator Ammagamma and data consultancy
Redkite. The transaction is part of Accenture’s $3 billion
investment to accelerate clients’ transformation through the
large-scale application of AI.
Terms of the transaction were not disclosed. Completion of the
acquisition is subject to customary closing conditions.
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Lea Treese Accenture +49 175 576 8692
lea.treese@accenture.com
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