Accenture Acquires Engineering Services Provider Fairway Technologies
Accenture’s M&A war chest continues to fund acquisitions. The latest buyout involves Fairway Technologies, an engineering services provider headquartered in San Diego, California. Terms of the transaction were not disclosed.
The addition of Fairway will be used to power the Accenture Product and Platform Engineering Services practice, which helps clients manage and innovate software-based platforms, the company said.
Fairway has more than 80 employees spread across offices in California and Texas.
Accenture Acquires Fairway: Executive Perspectives
Ram Ramalingam, managing director of Accenture’s Product and Platform Engineering Services practice, commented on the deal:
“This acquisition will help Accenture continue to make next generation platform technology a reality for our clients. We turn innovative ideas into business differentiation, building products and platforms that create the right level of engagement and personalization with customers and ecosystem partners to help organizations thrive in the digital era.”
Brett Humphrey, CEO, Fairway Technologies, added:
“Joining Accenture will enable us to continue our strategy of delivering premium engineering services, now on a broader scale. With digital platforms becoming a foundation for organizations to create new products and services, Accenture Product and Platform Engineering Services practice and Fairway Technologies will work together to help companies disrupt and build competitive advantage in the platform economy.”
Accenture’s Growth Plans
Accenture confirmed a $1.5 billion acquisition war chest in March 2019. The company has been acquiring digital, cloud and cybersecurity companies on a weekly basis or so. A comprehensive list of Accenture’s deals can be found here.
The M&A strategy remains in place even amid multiple executive transitions. Moves of note include Julie Sweet taking over as global CEO on September 1, 2019, and James Etheredge succeeding Sweet as CEO of Accenture’s North America business.
Accenture is also a Top 100 MSSP, according to MSSP Alert, ChannelE2E’s sister site.