Accenture has acquired Icon Integration, an SAP cloud application partner focused on digital supply chain solutions and business intelligence (BI) software across Australia and New Zealand. Financial terms were not disclosed.
For those keeping score:
- This is M&A deal Number 114 that ChannelE2E has covered so far in 2020. See the complete M&A deal list here.
- This is Accenture's second SAP-focused partner acquisition of 2020. The earlier deal involved Maijiro.
- Additional SAP partner buyouts are listed here.
Accenture Acquires Icon Integration: Deal Background
Icon Integration, founded in 2011, has roughly 70 employees across Sydney and Melbourne, Australia, as well as in New Zealand. The firm's vertical market expertise spans retail, consumer goods and government organizations. Application and automation expertise includes supply chain execution, particularly warehouse management.
In a prepared statement about the deal, Scott Hahn, who leads Accenture’s Technology practice in Australia and New Zealand, said:
“Over the last 10 years, Icon Integration’s founders have built a strong business with a senior team of professionals who take both business and technology needs into account to help clients improve business performance. Combined, Accenture and Icon Integration offer a unique proposition to help clients realise tangible business benefits from their technology investments. This acquisition supports our strategic growth objectives to meet rising demand for technology solutions by SAP users. We welcome Icon Integration’s team and clients to our practice.”
Added Paul Roddis, co-founder and co-managing director at Icon Integration:
“We are excited by the opportunity to join forces with Accenture and to tap into their breadth of capabilities and specializations that will significantly build on the success we have achieved in our business to date. Our people will be able to expand their skills and grow their careers through exposure to new clients, new work and new experiences. Our clients will gain access to a broader set of services and capabilities, both locally and globally.”
Bob Easton, chairman of Accenture in Australia and New Zealand, concluded:
“Over the last 18 months we have made several acquisitions in areas where there is growing demand from clients as they look to capitalize on the innovation opportunity presented by the digital economy. These ongoing investments are a demonstration of our commitment to deepen our capabilities and to scale at speed, so we can better serve our clients and position our business for future growth.”
Accenture Acquisitions: Buyout List
In Accenture’s 2019 fiscal year, the company invested around US$1.2 billion on 33 acquisitions, seeking to bolster its talent pool and capabilities within strategic, high-growth markets. That buying spree is continuing into 2020.
This latest deal marks the sixth Accenture investment or acquisition we’ve seen so far in 2020. The others involve:
- Mudano, a UK-based consulting firm focused on analytics, data and artificial intelligence.
- The Workday, Salesforce, and U.S. MuleSoft cloud IT consulting practices from Sierra-Cedar.
- Ideoclick, an e-commerce optimization platform provider.
- SAP partner Maihiro.
- The MSSP arm of Symantec Enterprise.
Also, Accenture has been active on the M&A front in Australia over the past year. Key deals include buying:
- December 2019: Specialist government consultancy Apis Group;
- August 2019: big data and analytics company Analytics8; and
- June 2019: cybersecurity and technology company BCT Solutions.
ChannelE2E has compiled a comprehensive list of Accenture acquisitions here.
