Accenture Announces Acquisition of Neo Metrics Analytics; Terms not Disclosed

Accenture (NYSE: ACN) has entered into an agreement to acquire Neo Metrics Analytics S.L., a leading consulting firm specializing in optimization and predictive analytics based in Madrid, Spain.

Upon closing, the acquisition will add Neo Metrics' research and development capabilities and assets to Accenture's analytics portfolio, including Neo Metrics' advanced modeler solution, which automatically generates insight from any source of information and creates industrialized, highly-accurate analytical models.

The acquisition is subject to closing conditions and is expected to close within 30 days. Terms of the transaction were not disclosed.