Accenture has acquired Redkite, a UK-headquartered data consultancy that specializes in full-stack data expertise.
This is technology M&A deal number 328 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
Accenture, founded in 1989, is based in Dublin, Ireland. The company has 541,251 associated members listed on LinkedIn. Accenture's areas of expertise include artificial intelligence, data and analytics and security.
Redkite, founded in 2018, is based in London, UK. The company has 279 associated members listed on LinkedIn. Redkite's areas of expertise include Advanced Data Analytics, Innovation, Strategy, Business Intelligence, Visualisation, Performance Improvement, and Data Engineering. Redkite will become part of Accenture's Data and AI practice area in the UK.
The acquisition will expand Accenture’s data capabilities and accelerate transformation through the use of AI-enabled solutions.
Kayur Rughani, a managing director in Accenture’s Data & AI practice, commented on the news:
“AI is a significant catalyst and opportunity for business transformation. In order to move from experimentation to scaled implementation, our clients need a strong data and AI foundation, and they need to be value-led in every capability they choose to reinvent with generative AI. The powerful combination of Accenture and Redkite’s capabilities, expertise and services will help clients make the shift to scale AI investments, rapidly and responsibly.”
Jon Tippell, managing director at Redkite, said:
“We all know the next technology revolution is here, but data readiness is the top challenge for companies as they move forward with AI adoption. For companies to embrace the opportunity of data and AI, they need strong digital foundations in the cloud across their business. Joining Accenture means we can become a stronger force for our clients to set their data strategies in motion and fuel their organisations with intelligence.”
Henry Crawford, managing director at Redkite, added:
“Together we will create more opportunities for our people and clients – leveraging our data capabilities and academy training model as we embark on the next critical phase of the AI journey.”
Accenture's AI Investment
This acquisition forms part of Accenture’s recently-announced $3 billion investment over three years in its Data & AI practice to help clients across all industries rapidly and responsibly advance and use AI to achieve greater growth, efficiency, and resilience. The Data & AI practice will double its AI talent to 80,000 professionals through a mix of hiring, acquisitions, and training.
Redkite also complements Accenture’s acquisitions in the UK of cloud and digital transformation consultancy Infinity Works in 2021 and analytics and data transformation services consultancy Mudano, in 2020. You can see a full list of Accenture acquisitions ChannelE2E has tracked here.