Accenture Acquires Strategic IT Consulting Firm LEXTA
This is technology M&A deal number 473 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Founded in 2003, LEXTA is headquartered in Berlin with additional offices in Düsseldorf, London and Zurich. LEXTA’s team of 60 employees will join Accenture’s Technology Strategy & Advisory group, the company said.
LEXTA provides benchmarking and advisory services, especially for cloud, platform and application technologies, offering detailed analysis and market comparisons of the quality, scope, processes and efficiency of both vendors and IT departments.
The company’s clients include companies in the utilities, logistics and manufacturing industries. LEXTA’s capabilities complement Accenture’s ZBx agenda, which extends the traditional zero-based budgeting (ZBB) approach to align priorities across the organization, identify cost-saving opportunities and reinvest freed-up funds in technology-enabled business transformation, according to Accenture.
Accenture Acquires LEXTA: Executive Insight
Frédéric Brunier, Accenture lead for Technology Strategy & Advisory, commented:
“With LEXTA’s comprehensive insights, we can better help our clients define the value of technologies such as cloud or platforms even more precisely. Combining LEXTA’s data-based analysis capability and Accenture’s technology advisory skills, we will further develop our joint IT sourcing and benchmarking advisory offering to ultimately realize new value for our clients.”
Frank Riemensperger, market unit lead for Austria, Switzerland, Germany and Russia, added:
“With this acquisition, we are expanding our team of highly skilled professionals who can help shape our clients’ transformational journey. LEXTA and Accenture will join forces to give precise insights in the IT provider market and help organizations make better IT strategy decisions. I am delighted to welcome the LEXTA team on board.”
Frank Baumann, founder and managing partner of LEXTA, said:
“Accenture’s global reach and digital expertise will enable us to take our IT advisory offerings to a larger client base across geographies. We are excited to join Accenture’s Technology Strategy & Advisory group and support our clients together on their data and tech-driven journeys.”
Accenture’s M&A Activity
Accenture remains active on the M&A front, acquiring dozens of companies each year, most of which are centered on cloud services, cybersecurity, digital transformation, data and analytics, managed services, ad agencies and consultants.