Accenture has acquired industrial artificial intelligence (AI) company Flutura for an undisclosed sum.
This is technology M&A deal number 80 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2022, 2021, and 2020 listed here.
Accenture Acquires AI Firm Flutura
Accenture, founded in 1989, is headquartered in Dublin, Ireland and has more than 70 locations around the globe. The company has 710,000 employees listed on LinkedIn. Accenture’s areas of expertise include management consulting, systems integration and technology, business process outsourcing and application and infrastructure outsourcing.
Flutura, founded in 2012, is based in Bangalore, India with additional offices in Houston, Texas and Palo Alto, California. The company has 146 of employees listed on LinkedIn. Flutura’s areas of expertise include IOT Platform, Business Intelligence, Analytics, Machine Learning, OEM, Industrial Manufacturing, Industrial IOT, Predictive Maintenance, Artificial Intelligence, Machine Intelligence, Industrial IoT, IIoT Platform, Industrial AI, Heavy Equipment, Chemical Industry, Industrial Automation, Video Analytics, and Energy.
Flutura’s AI platform provides self-service solutions for advanced analytics that help process, asset management, and reliability engineering teams assess, predict, and improve the asset performance, reliability, throughput, and energy efficiency outcomes of production and manufacturing facilities.
Flutura will strengthen Accenture’s industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster, the company said. Accenture says it plans to bring Flutura’s capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical industries.
Accenture Acquires Flutura: Executive Insight
Senthil Ramani, senior managing director and Accenture Applied Intelligence lead for Growth Markets, commented:
“Flutura democratizes AI for engineers, enabling manufacturing and other asset-intensive companies with the carbon intelligence to reduce emissions, energy consumption and lost output due to unplanned downtime of industrial assets. This acquisition will power industrial AI-led transformation for our clients globally and particularly in Australia, South-East Asia, Japan, Africa, India, Latin America and the Middle East.”
Krishnan Raman, chief executive officer at Flutura, added:
“Our AI platform enables engineers to respond with agility to everchanging market and operating conditions. We look forward to scaling this as part of Accenture and helping more industrial clients achieve high-value outcomes in their production operations.”
Accenture’s Acquisition Growth
Accenture has made roughly two-dozen acquisitions in the last 12 months.
Accenture’s M&A activity remains strong across the business and technology markets. You can see a full list of Accenture acquisitions ChannelE2E has tracked here.
