This is technology M&A deal number 15 that ChannelE2E and MSSP Alert have covered so far in 2024. 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 employees listed on LinkedIn. Accenture's areas of expertise include artificial intelligence, data and analytics and security.
Navisite, established in YEAR, operates from Andover, Maryland. The company has 1,520 employees listed on LinkedIn. Navisite’s area’s of expertise include Managed Cloud Infrastructure Services, Cloud Desktop Services (DaaS), Application Services, and Hosting Services.
About the Deal
This strategic acquisition is designed to enhance Accenture’s application and infrastructure managed services, particularly in North America, aiding clients in modernizing IT for the AI era.
Interestingly, the company noted in a press release that private equity investment firm Madison Dearborn Partners was involved in the deal but did not disclose the financial details of their involvement.
The acquisition is contingent on customary closing conditions.
Accenture Acquires Navisite: Executive Insight
Manish Sharma, CEO of Accenture North America, commented:
“Our clients feel a sense of urgency to modernize their enterprise and they continue to call on Accenture for help in critical areas where we excel. With skills steeped in cloud, infrastructure, and application services, Navisite’s talented team expands our ability to help clients embrace new technologies and ways of working, to unlock the next-level of business reinvention.”
Karthik Narain, Group Chief Executive, Accenture Technology, said:
“Most enterprise IT environments are not ready for the demands of the AI era. Adding Navisite means we can more quickly help clients ‘run to the new’—modernizing at speed while they operate efficiently, through Accenture’s innovation-focused managed services.”
Mark Clayman, Chief Executive Officer of Navisite, added:
“Through the hard work and dedication of our teams, we have been a trusted digital transformation partner for growing and established global brands. Accenture is the ideal partner for Navisite’s next chapter as we expand and enhance our client service offering to drive our growth, while creating exciting new opportunities for our people.”