SI Partners have advised on an M&A deal between Industrie&Co, a technology consultancy that designs and creates cloud native solutions, and Accenture.
The M&A deal expands Accenture’s Cloud First capabilities in delivering cloud native services for clients. Particularly within financial services, as they increasingly transform into digital businesses and build new digital products and services.
Founded in 2007, and headquartered in Sydney, with offices in Melbourne, Hong Kong and Singapore, Industrie&Co brings to Accenture a deep heritage in cloud infrastructure engineering. They offer organisations a comprehensive service suite encompassing capabilities across strategy, design and delivery of cloud products and platforms.
With 173 employees, Industrie&Co has strong financial services experience spanning multiple verticals. Their remit includes banking, payments, wealth management, superannuation, insurance and capital markets.
"Alistair, Hattie, and the team at SI Partners were instrumental in helping us achieve our objective of finding a strategic growth partner. We selected SI Partners because of their global reach and experience in working with technology consulting companies and more broadly with their experience in the creative and professional services industry.
From the outset, their insights into our business helped us develop the clarity and focus we needed. Their support and collaborative approach were all the more valuable considering we were also navigating an unprecedented business landscape due to the global impacts of COVID-19.
As the founder of our business, I really appreciate the significant effort everyone in the team put in as well as the high degree of empathy they demonstrated throughout the process in personally supporting me. We are delighted with the outcome we achieved for all our stakeholders and we extend a huge thank you to SI Partners for their support in helping us get there".
Con Zeritis, CEO of Industrie&Co
The M&A deal enables Accenture Cloud First to apply its leading multi-service capabilities and provide clients with an unparalleled combination of industry knowledge, cloud and infrastructure experience, and cloud ecosystem leadership.
“Cloud is the foundation for digital transformation and success in the next decade will be defined by the new experiences, products and services that cloud makes possible,” said Karthik Narain, global lead for Accenture Cloud First. “Industrie&Co brings even more cloud-first skills to help Accenture clients innovate with speed, predictability and holistic value as they shape, move and operate their businesses in the cloud.”
“The Industrie&Co team brings to Accenture a strong industry footprint and culture of innovation, that will enable us to drive growth for our clients,” said Tara Brady, market unit lead for Accenture in Australia and New Zealand. “In the context of a constrained talent market, Industrie&Co’s skills will ensure we are well positioned to continue to accelerate our client’s growth and innovation capabilities.”
Accenture’s acquisition of Industrie&Co follows other investments across Australia and New Zealand in the past 18 months. Including operational technology provider Electro 80, supply chain and logistics consulting firm GRA, cloud-native solutions provider Olikka, SAP and cloud solutions technology firm Zag, data analytics and supply chain management company Icon Integration and business strategy and econometrics firm AlphaBeta.
*This article was first published on the Business Wire website. You can read the original here.