Accenture acquires Mudano to drive analytics, data & AI capabilities

By Akshay Kedari  | Date: 2020-02-05

Accenture acquires Mudano to drive analytics, data & AI capabilities

Renowned global multinational professional services company, Accenture has recently announced its latest acquisition of Mudano, a U.K.-based data consultancy firm. The acquisition was strategically formed to enhance Accenture’s existing capabilities, including analytics, AI (artificial intelligence), and data transformation capabilities, by adding Mudano’s team to its AI-focused division, Accenture Applied Intelligence.

Mudano uses applied data science and analytics to assist insurers, banks, and financial service firms in preventing financial crimes, analyzing customers’ behavior, and implementing smart data management. The company was founded in 2014 with its headquarters in London, and maintains a strong presence in Edinburgh, Scotland.

The new deal marks the 5th investment made by Accenture in 2020.

According to Accenture’s managing director for Applied Intelligence division in the United Kingdom and Ireland, George Marcotte, the UK businesses is currently in the advancing state, as suggested by recent research undertaken by the company. He stated that the company is currently focusing on escalating various technologies such as artificial intelligence to offer high-value business and financial services, and Modano’s commitment to helping clients establish a “data culture” is in alignment with this strategy.

In 2019 fiscal year, Accenture has formed 33 acquisitions and invested nearly $1.2 Bn to propel its business capabilities in the high-growth markets.

The deal will enable Accenture and Mudano to combine their business capabilities and initiatives to create advanced business outlook. By assisting each other in constructing a strong data foundation, Accenture’s clients can upscale and speed up growth across various industries.

As per Ed Broussard, the chief executive officer of Mudano, Accenture’s robust suite of tools and experiences will aid Mudano in conveying the benefits of digital transformation to its clients. It will also leverage game-changing insights and strategically build the working culture with the help of data analytics. Through the partnership, Mudano is looking forward to scaling its business offerings to employees and clients and developing itself as a leading consultancy firm on a global scale.

Source credit:

https://www.channele2e.com/investors/mergers-acquisitions/accenture-buys-mudano/

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Bayer sells environmental science biz to Indian firm for $13.5 million

Bayer sells environmental science biz to Indian firm for $13.5 million

By Akshay Kedari

German multinational pharmaceutical and biotechnology company, Bayer CropScience recently stated that its board has given the go-ahead for selling its Environmental Science Business to 2022 ES Discovery India, a private Indian company. The deal wi...

Stockly to raise another $12M to expand its operations & employee base

Stockly to raise another $12M to expand its operations & employee base

By Akshay Kedari

French-based software startup, Stockly is reportedly raising another $12 million (€12 million) in a Series A round from Daphni, Eurazeo, and several other business angels. Apparently, the firm pools together the inventory of several e-commerc...

Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

By Akshay Kedari

Amidst rising efforts for promoting cashless travel, prominent mobile payment providers in Asia have recently announced an integration of the cross-border digitalized payment solutions from Alipay+ in South Korea. With this move, users of e-wallet...

Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

By Akshay Kedari

Sumsub will assist Seracle in building an innovative blockchain ecosystem Sumsub will offer enhanced security to Seracle at a time when losses due to cryptocurrency thefts have increased by about 60% to $1.9 billion Seracle, a global blockc...

CATL unveils new Module to Bracket tech for heavy-duty electric trucks

CATL unveils new Module to Bracket tech for heavy-duty electric trucks

By Akshay Kedari

CATL, a Chinese battery manufacturer and technology company, has reportedly introduced a new battery technology known as Module to Bracket (MTB) for heavy-duty electric trucks. As per reliable sources, the MTB technology deploys the battery module...