This is technology M&A deal number 690 that ChannelE2E has covered so far in 2022.
Accenture Buys Big Data Analytics Consultancy: Deal Details
Tenbu, founded in 2004, is headquartered in Sao Paulo, Brazil. The company employs 170 data specialists. Key partners include Amazon Web Services, Google Cloud, OneTrust, Informatica, Tableau, Microsoft, IBM and PTC, according to the Tenbu website.
Accenture has acquired 11 technology consultancies that are headquartered in Latin America over the past five years, the buyer noted. Other example deals include ServiceNow partner Organize Cloud Labs of Brazil, and Wolox and Ergo in Argentina, Accenture noted.
Accenture expects to spend about $2.5 billion on acquisitions during the company’s current 2022 fiscal year, which ends on August 31, 2022. The $2.5 billion figure is down from a previous M&A spending estimate of about $4.0 billion for fiscal 2022. The reduction mostly involves some acquisitions taking longer to close while navigating various compliance checks, the company indicated.
Accenture Acquires Tenbu: Executive Perspectives
In a prepared statement about the deal, Karthik Narain, global lead for Accenture Cloud First, said:
"Our goal is to help clients with total enterprise reinvention by building their digital core, optimizing operations and accelerating growth – and cloud data and AI are fundamental to a strong digital core. Adding the Tenbu team will expand our capabilities to help companies drive new services, growth and resilience using data from across the cloud continuum for intelligent decision-making.”
Added Paulo Ossamu, who leads Accenture Technology in Latin America:
“With changing business and operating models, evolving architectures, applications and data, clients are looking for help to understand how they can monetize across the cloud continuum. The Tenbu team brings vast data and AI specialists to draw up clear priorities and help keep different parts of our clients’ organizations aligned to achieve specific business outcomes.”
Tenbu CEO Carlos Pinto concluded:
“Joining the Accenture Cloud First team will enable us to bring our specialized skills to help clients make smart, well-informed decisions that generate value. It's also a massive growth opportunity for our people to be integrated with Accenture Cloud First and to team up on business opportunities across the Accenture business.”
Accenture now employs more than 710,000 people that serve customers across 120 countries, the company said.