Global IT consulting firm Accent made another in a long line of acquisitions, this time by purchasing the systems integrator and partner of Infor Advoco. Financial terms of the deal were not disclosed.
This is technology merger and acquisition deal number 624 that ChannelE2E has covered so far in 2021.
Advoco, founded in 2002, is one of the largest systems integrators for Infor EAM, a software suite as a service for enterprise asset management (EAM). Most of Adcoco’s employees are based in Greenville, South Carolina, close to the Infor EAM product development team. Accenture plans to make this Greenville office a center of excellence for Infor EAM delivery, industry use cases and intelligent asset management.
The entire Advoco team will join Accenture’s Industry X group in the United States, further strengthening its range of services to digitize customer engineering and maintenance functions, workshops and factory operations, a declared the buyer.
Accenture acquires Advoco: “A growing market opportunity”
In a prepared statement on the deal, Nigel Stacey, Global Head of Accenture Industry X, commented:
“Many of our clients are looking to leverage Infor EAM when they integrate more intelligence into their asset management to improve the performance of their most critical assets. Advoco is highly respected for its talent, expertise and training program in this area. Together, we will bring Infor EAM capabilities to customers at scale to take advantage of a growing market opportunity. “
Added Marty Osborn, Partner, Advoco:
“Being part of the Accenture Industry X family is an incredible opportunity for our customers and employees. Accenture’s capabilities and expertise allow us to bring innovative and cutting-edge work to our clients and grow as a team and as individuals. We are excited to provide exceptional expertise in the design, consultation and implementation of Infor EAM to even more companies and markets.
Accenture Industry X expansion
Advoco is the latest in a series of 24 acquisitions that Accenture has made since 2017 to strengthen its capabilities in Industry X. Recent agreements include international engineering consultancy and services firm umlaut, the Australian technology provider in Australia. operating Electro 80, Brazilian automation and industrial robotics services provider Pollux, US-based operations consultancy Myrtle and German technology consultancy SALT Solutions.
Of course, Industry X is just one segment of Accenture that the company has grown through mergers and acquisitions. ChannelE2E has compiled a comprehensive list of the company’s M&A deals, which you can find here.