Accenture has acquired Pragsis Bidoop, a Spanish company that has big data, artificial intelligence (AI) and advanced analytics expertise. Financial terms of the acquisition were not disclosed.
This is the latest in a growing list of Accenture acquisitions -- which have typically spanned digital, cloud and cybersecurity businesses.
Pragsis Bidoop, founded in 2004, supports vertical market clientele across banking and insurance to retail, energy, railway, public sector and pharma. The company, headquartered in Madrid with additional offices in Barcelona and the U.K., has 200 employees.
The Pragsis Bidoop team will join Accenture’s Applied Intelligence business. That Accenture business unit employs more than 20,000 professionals, including 6,000 data scientists, data engineers and AI professionals worldwide.
Accenture Acquires Pragsis Bidoop; Executive Perspectives
In a prepared statement, Athina Kanioura, chief analytics officer and global lead for Applied Intelligence at Accenture., said:
“Accenture Applied Intelligence is experiencing strong demand and we are laser-focused on equipping our teams with the right blend of talent and technical skills to guide clients on their AI journey. As we continue to grow the business, the Pragsis Bidoop team will play a critical role in the European market and beyond.”
Added Juan Pedro Moreno, country managing director for Spain, Portugal and Israel at Accenture:
“Accenture combines true end-to-end analytics, data and AI services with deep industry expertise. With the addition of Pragsis Bidoop, we will multiply our specialized talent in big data, data engineering and Artificial Intelligence skills. This further enhances our position as a market leader, helping clients in the next phases of the data driven transformation journey, where intelligent big data solutions at global scale in real time are needed, beyond the traditional proofs of concept or isolated data lakes.
Concluded Pedro Agudo, CEO and co-founder of Pragsis Bidoop:
“We are delighted to bring together an outstanding team with unique capabilities, experience and passion. By joining Accenture, we can help change de game in the AI and big data solutions space, helping our clients to really leverage the new era of artificial intelligence as a key opportunity to boost their business.”
Accenture’s Growth Plans
Accenture disclosed a $1.5 billion acquisition war chest in March 2019. The company has been acquiring digital, cloud and cybersecurity companies on a weekly basis or so. A comprehensive list of Accenture’s acquisitions can be found here.
The M&A strategy remains in place even amid multiple executive transitions. Moves of note include Julie Sweet taking over as global CEO on September 1, 2019, and James Etheredge succeeding Sweet as CEO of Accenture’s North America business.
Accenture is also a Top 100 MSSP, according to MSSP Alert, ChannelE2E’s sister site.
