Accenture’s buying spree continues with the acquisition of Stolkholm-based Northstream. Terms of the deal were not disclosed.
Northstream, founded in 1998, provides consultancy to communications service providers (CSPs) and networking services vendors, helping them identify industry shifts and adapt to market changes.
The acquisition grows Accenture’s presence in the Nordic region, allowing it to address CSP demand for network consulting programs around 5G deployment and IoT connectivity, the company said.
All of Northstream’s approximately 30 employees will join Accenture’s Communications, Media & Technology operating group, Accenture said in a prepared statement.
Accenture Acquires Northstream: Executive Perspectives
Mattias Lewrén, Nordic CMT lead and Sweden Country Managing Director, Accenture, commented on the deal:
“With Northstream now part of Accenture, we’re in an even stronger position to provide our communications clients with the innovation led services they need to address the challenges they’re facing — including digital-driven disruption, changing customer expectations, and competition from new digital natives.”
Bengt Nordström, CEO and co-founder at Northstream also commented:
“With our common cultures of collaboration and client-centricity, Nord and Accenture are a great fit. We’re excited to be able to bring the combined deep industry experience and scale of our two organizations to help clients generate new value and succeed in today’s increasingly competitive market.”
Accenture’s Ongoing Buying Spree
Accenture has been snapping up companies in rapid succession ever since announcing its $1.5 billion acquisition plan for 2019. The strategy has focused on digital, cloud, and cybersecurity plays.
Last month, Accenture acquired Australia’s BCT Solutions for an undisclosed amount. Prior to that, the company bought up Boston-based IT consulting and systems integration Bridge Energy Group, as well as Deja vu Security for IoT security testing.
Other key deals have included:
Meanwhile, Accenture has undergone changes at its executive level. In July, Julie Sweet was named the company’s global CEO, taking over for interim CEO David Rowland. James Etheredge was shifted into Sweet’s previous position of chief executive for Accenture’s North America business.
Accenture is also a Top 100 MSSP, according to MSSP Alert, ChannelE2E’s sister site.