Mergers and Acquisitions, Mergers and Acquisitions

Accenture Acquires Insurance Technology Consultancy Blackcomb

attends WIRED25 Work: Inside San Francisco’s Most Innovative Workplaces on October 12, 2018 in San Francisco, California.

Accenture has acquired Blackcomb Consultants, a leading independent Guidewire partner in North America. Terms of the transaction were not disclosed.

This is technology M&A deal number 865 that ChannelE2E has covered so far in 2022.

Accenture Acquires Blackcomb Consultants

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.

Blackcomb, founded in 2011, is based in Warrenville, Illinois. The company has 158 employees listed on LinkedIn. Blackcomb’s areas of expertise include IT consulting, Guidewire, digital transformation, core systems implementation, Guidewire upgrades, cloud hosting, managed cloud, hybrid cloud, production support, Guidewire Cloud, AWS Cloud, Guidewire implementations and Guidewire production support.

The acquisition enhances Accenture’s ability to deliver Guidewire solutions to insurers globally to help them become “cloud-first” businesses. Guidewire’s end-to-end technology platform combines digital, core analytics and artificial intelligence capabilities across the underwriting, billing, claims and customer relationship management functions, helping property and casualty (P&C) insurers reimagine their operations in the cloud, the company said.

Blackcomb's 158 employees will join Accenture’s Industry & Function Platforms Group, where they will be focused on Guidewire project delivery, the companies said.

John Koepke, leader, Accenture Insurance
John Koepke, Accenture Technology lead, Insurance, North America
Victor Voss, co-founder, Blackcomb Consultants

John Koepke, Accenture’s Technology lead for Insurance in North America, commented on the news:

“This acquisition strengthens our ability to help insurance carriers use technologies like artificial intelligence and analytics to improve productivity and provide hyper-personalized offerings to their customers.”

Jim Bramblet, leader of Accenture’s Insurance industry group in North America, added:

“Blackcomb Consultants’ highly regarded Guidewire capabilities will allow us to deliver even greater agility and speed to market for our clients.”

Victor Voss, co-founder of Blackcomb Consultants, said:

“Amid market disruption and heightened consumer expectations, insurers are turning to platforms such as Guidewire to drive strategic digital and business transformation. Accenture and Blackcomb Consultants share a vision focused on delivering innovation to P&C carriers of all sizes, and by joining Accenture, we will be able to scale and expand our solutions for insurers worldwide, helping them create a sustained competitive advantage.”

Accenture’s M&A Activity

Accenture estimated that it spent about $2.5 billion on acquisitions during the company’s 2022 fiscal year, which ended on August 31, 2022. Already in fiscal 2023, Accenture acquired Word Class Manufacturing (WCM) business in aerospace and defense, automotive & consumer goods, The Beacon Group, a Fortune 500 growth strategy consultancy, supply chain management consultancy MacGregor Partners, climate change and sustainability consultancy Carbon Intelligence and Oracle supply chain management consultancy Inspirage.

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

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