Accenture Invests In Paxata for Big Data, Analytics Expertise
According to the two companies will empower customers with “exceptional data control across multiple data sources. This will speed time-to-business-insight and free up IT resources, allowing scarce data talent to work on strategic data architecture, rather than tactical data preparation.”
Under terms of the deal:
- Paxata’s Adaptive Information Platform and self-service data prep application will surface in the Accenture Insights Platform (AIP). AIP is a cloud-based analytics-as-a-service solution designed to solve business problems supporting a data-driven culture, the companies said.
- Accenture will be a preferred systems integrator for Paxata’s platform globally.
- Accenture and Paxata will collaborate on Paxata’s product roadmap with the opportunity to undertake joint solution design and technical integrations, for the benefit of clients of both companies.
- Paxata will also support Accenture clients’ emerging enterprise requirements such as digital transformation, modern data supply chain, and General Data Protection Regulation (GDPR) for hybrid and multi-cloud environments, the companies said.
Accenture Acquisition Strategy
Accenture has aggressively pursued investments and acquisitions in multiple market segments over the past few years. The effort apparently includes a $1 billion M&A war chest for 2017. Recent buyouts have included:
- Intrepid for mobile design and app development
- Phase One for Salesforce.com and government expertise
- SolutionsIQ for agile software development