Accenture has acquired Japanese technology services provider CLIMB for an undisclosed sum.
This is technology M&A deal number 90 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.
Accenture, founded in 1989, is based in Dublin, Ireland. The company has 541,251 employees listed on LinkedIn. Accenture's areas of expertise include artificial intelligence, data and analytics and security.
CLIMB, founded in 1984, is based in Maebashi City, Japan. The company has as many as 200 employees listed on LinkedIn. CLIMB’s areas of expertise include cloud backup, virtualization, replication, disaster recovery, and Kubernetes security.
CLIMB specializes in system integration and IT infrastructure management, and operations. The deal allows Accenture to increase its presence in Japan while accelerating application and infrastructure modernization services for financial institutions and government agencies, Accenture said in a release.
CLIMB works primarily with domestic financial institutions, manufacturers, telecommunications carriers and government agencies, mainly in Maebashi City, where the company was founded. The company has about 200 engineers who specialize in cloud and security technology and application management services - all of whom will join Accenture Technology.
Accenture Acquires CLIMB: Executive Insights
Atsushi Egawa, president Japan country managing director, Accenture, commented:
“There are many talented engineers in regional areas of Japan who are leading digital transformation work. Providing opportunities for these individuals to shine on the global stage will help elevate their skills to new heights, while at the same time revitalizing the local economy. With a clear trend of people and businesses returning to the domestic market, the vibrant growth of local communities is essential for the sustainable development of Japan. Adding the CLIMB team, who take an innovative and exemplary approach especially to the financial industry, demonstrates how we continue to invest in Japan. We are planting more local roots through our team’s high value work in local communities.”
Osamu Kanai, president, CLIMB, said:
"CLIMB's most important management principle is 'maximizing employee happiness.’ Only when every employee is happy can we provide rewarding work and value-added services to our clients. By joining Accenture, our people will have unprecedented growth and exposure opportunities. With Accenture’s unique ability to resolve issues faced by clients and society with a holistic approach, we will be able to maximize the happiness of our people who, in turn, will contribute to the further enhancement of the ICT industry in the region.”
Completion of the acquisition is subject to customary closing conditions.
About Accenture
Accenture has been incredibly active in the M&A sphere in recent years, snapping up dozens of companies per year. Most recently, the company acquired Mindcurv, a cloud-native digital experience and data analytics company. Before that it bought Arηs Group, a provider specializing in public sector technology services in Europe.
