Accenture Acquiring Two Firms To Expand Digital Transformation Effort

Powerhouse systems integrator Accenture on Thursday unveiled two deals to bolster its Industry X.0 digital transformation initiative.

Dublin, Ireland-based Accenture, with U.S. headquarters in Chicago, unveiled the acquisition of Mindtribe, a San Francisco-based hardware engineering company that counts among its customer base such industry giants as Apple, Google, Tesla, Lyft, Adobe, Ferrari, and NASA.

Mindtribe brings Accenture a team of 40 employees with experience in agile techniques for hardware development aimed at shortening development cycles for its clients.

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Accenture also said it has entered an agreement to acquire Pillar Technology, a Columbus, Ohio-based software development company with a focus on rapid and agile development of embedded software developed for smart and connected systems such as autonomous vehicles.

Pillar Technology brings Accenture a group of 320 employees and four offices across the U.S.

Accenture executives were unable to provide more information by press time.

The acquisitions follow another in June of Designaffairs, a German strategic design consultant. Designaffairs provides services related to industrial, user interface, and material design; interaction innovation; mechanical and usability engineering; prototyping; design research; and brand strategy.

Accenture, ranked number two in the 2018 Solution Provider 500, has been talking about the concept of Industry X.0 since last Fall when it unveiled the result of a survey that showed only 13 percent of executives at over 900 large companies said their businesses are gaining increased efficiency and are growing new revenue streams thanks to investments in digital technologies.

Accenture Industry X.0 combines five different digital technologies including autonomous robots, mobile computing, autonomous vehicles, 3D printing, and machine learning to help businesses grow and become more efficient, the company said.

It combines what Accenture calls six digital imperatives, including transforming customers hardware and software core for increased cost efficiencies, focusing on personalized customer experience to increase customer engagement, develop new business models to drive new revenue customer streams, find and retain the talent needed to build a digital-ready workforce, create new ecosystems of suppliers and customers, and balance investment and resources between core and new businesses.

Products are evolving from physical things to connected platforms powered by artificial intelligence, IoT, and cloud and edge computing, said Mike Sutcliff, Accenture Digital group chief executive, in a prepared statement.

"With our Industry X.0 capabilities, we are helping our clients create the products of the future with the required expertise in digital technologies, software development, product engineering, as well as user experience and product design. These acquisitions will fuel our drive to become a leader in developing connected products and services," Sutcliff said in that statement.