Accenture has inked a strategic alliance and made a minority investment in Paxata, which specializes in analytics and big data business outcomes for customers. Financial terms were not disclosed.
According to the two companies will empower customers with "exceptional data control across multiple data sources. This will speed time-to-business-insight and free up IT resources, allowing scarce data talent to work on strategic data architecture, rather than tactical data preparation."
Under terms of the deal:
- Paxata’s Adaptive Information Platform and self-service data prep application will surface in the Accenture Insights Platform (AIP). AIP is a cloud-based analytics-as-a-service solution designed to solve business problems supporting a data-driven culture, the companies said.
- Accenture will be a preferred systems integrator for Paxata’s platform globally.
- Accenture and Paxata will collaborate on Paxata’s product roadmap with the opportunity to undertake joint solution design and technical integrations, for the benefit of clients of both companies.
- Paxata will also support Accenture clients’ emerging enterprise requirements such as digital transformation, modern data supply chain, and General Data Protection Regulation (GDPR) for hybrid and multi-cloud environments, the companies said.
Accenture Acquisition Strategy
Accenture has aggressively pursued investments and acquisitions in multiple market segments over the past few years. The effort apparently includes a $1 billion M&A war chest for 2017. Recent buyouts have included:
