Accenture adds another acquisition to Industry X division
Summary
Consulting firm Accenture is staying on the takeover trail, announcing this week that it will further expand its supply chain expertise by acquiring one of the largest systems integrators of enterprise technology vendor Infor’s asset management software. The New York-based firm has acquired Advoco, an integrator of Infor’s software-as-a-service suite for enterprise asset management (EAM). Terms of the deal were not disclosed, but Accenture said it plans to use Advoco’s Greenville, South Carolina, office as a “center of excellence” for Infor EAM delivery, industry use cases and intelligent asset management. Accenture has been rolling up dozens of smaller firms in a swift series of buyouts to bulk up its “Industry X” division, which is intended to combine its data and digital capabilities with its growing engineering expertise to help clients to digitize their engineering functions, factory floors, and plant operations. Together, we will bring Infor EAM capabilities to clients at scale to take advantage of a growing market opportunity.”