Accenture To Acquire Wabion For Undisclosed Sum To Drive Cloud First Strategies

  • Accenture PLC ACN agreed to acquire Wabion, an Alphabet Inc GOOG GOOGL Google Cloud services boutique with headquarters in Esslingen, Germany, Olten, Switzerland, and additional offices in Munich, Cologne, and Lausanne.
  • The financial terms of the transaction remain undisclosed.
  • Wabion's Google Cloud skills will further strengthen Accenture Cloud First to continue to combine the best of Google human-centric design and innovation with Accenture intelligence, Accenture Cloud First global lead Karthik Narain said.
  • The team of more than 60 professionals will join Accenture's Google Cloud Business Group, part of Accenture Cloud First.
  • Last year, Accenture created Accenture Cloud First, a new multi-service group of 70,000 cloud professionals, and a $3 billion investment over three years to expand its cloud service capabilities and offerings.
  • Accenture held $10 billion in cash and equivalents as of May. 31, 2021.
  • Price action: ACN shares closed higher by 0.34% at $312.63 on Tuesday.
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