Skip to main content

Market Overview

Accenture To Acquire IT Services Provider Trivadis For Undisclosed Sum

Share:
Accenture To Acquire IT Services Provider Trivadis For Undisclosed Sum
  • Accenture PLC (NYSE: ACNinked an agreement to acquire Trivadis AG, an IT services provider specializing in platforms and solutions.
  • The financial terms of the transaction remain undisclosed.
  • Trivadis's team of over 710 professionals located across Switzerland, Germany, Austria, Denmark, and Romania will join Accenture's Data & AI team within the Accenture Cloud First group.
  • Accenture's clients can blend data from different sources in real-time, build agile reporting, and leverage analytics and AI to create broadly accessible customer, market, and operational insights, Accenture Cloud First global head Karthik Narain said.
  • It will bolster Accenture's data on cloud capabilities and scale Accenture's end-to-end data and analytics offering and reinforce cloud, and data-driven reinvention strategies, Accenture market unit lead Frank Riemensperger said.
  • Accenture held $10 billion in cash and equivalents as of May 31, 2021.
  • Price action: ACN shares closed lower by 0.55% at $294.79 on Wednesday.
 

Related Articles (ACN)

View Comments and Join the Discussion!

Posted-In: BriefsM&A News Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com