Mergers and Acquisitions, IT management, Enterprise, Mergers and Acquisitions, Content

Accenture Acquires Oracle Cloud Partner Cloudworks

Accenture has acquired Oracle Cloud implementation service provider Cloudworks. Financial terms of the deal were not disclosed.

This is technology M&A deal number 426 that ChannelE2E has covered so far in 2021.

Accenture Acquires Canadian Oracle Cloud Partner Cloudworks

Cloudworks is a Toronto-based Oracle Cloud solutions provider serving clients across North America. The majority of Cloudworks' 100 employees are located in Toronto, with additional offices in Calgary, and other locations throughout the U.S. The deal further enhances Accenture's capabilities to deliver Oracle solutions to clients on their journeys to the cloud, according to a statement from Accenture.

Cloudworks, founded in 2016, specializes in strategy, business and technology consulting and has become well known for Oracle Cloud-based solutions in enterprise resource planning, enterprise performance management and human capital management. Cloudworks also offers expertise in robotic process automation (RPA), data analytics and AI leveraging Oracle Cloud, according to the statement.

The company supports clients in transportation, health care, manufacturing, retail, mining, oil and gas, utilities and energy, telecommunications and media, financial services, real estate, the public sector and higher education.

Accenture Acquires Cloudworks: Executive Commentary

Jeffrey Russell, president, Accenture Canada
Jeffrey Russell, president, Accenture Canada
Jason Nott, CEO and co-founder, Cloudworks

Jeffrey Russell, president of Accenture in Canada, commented on the acquisition:

"As organizations across Canada continue to accelerate their technology transformation programs, we anticipate the demand for Oracle solutions to grow significantly. By acquiring Cloudworks, we add a highly talented team with industry-specific experience in combining the power of Oracle with the ingenuity of people to unlock new possibilities for clients."

Jason Nott, co-founder and CEO of Cloudworks, added:

"With Accenture's in-depth capabilities, global scale and experience co-creating and co-developing Oracle solutions, we look forward to delivering greater value for clients, as well as opening up new opportunities for our people. Joining Accenture will also help Cloudworks provide more services to clients through its global team of experts in digital, cloud and robotic process automation."

Accenture M&A Activity

Cloudworks marks the third acquisition for Accenture Canada over the last year. Accenture acquired Avenai, an Ottawa consultancy focused on public service organizations, and Callisto Integration, an Oakville, Ontario provider of consulting and technology services in digital manufacturing, food and beverage, chemicals, utilities and other industries, both in 2020, according to the statement.

Globally, in 2021, Accenture has announced two Oracle-focused acquisitions: Nell'Armonia, a leading consulting and technology company specialized in enterprise performance management solutions, headquartered in Paris, France, and AppsPro, one of the leading Oracle Cloud implementation service providers in Saudi Arabia. You can see more than 80 of Accenture's acquisitions in here.