Accenture (ACN) announces acquisition of Cloudworks


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Accenture (NYSE: ACN) has acquired Cloudworks, a leading Toronto-based Oracle Cloud implementation service provider in North America. The agreement further enhances Accenture’s ability to deliver Oracle solutions to customers as they transition to the cloud. Financial terms of the acquisition were not disclosed.

Cloudworks, founded in 2016, specializes in strategic, business and technology consulting and has become well known for its Oracle Cloud solutions for enterprise resource planning, enterprise performance management and human capital management. Cloudworks has industry-leading robotic process automation (RPA), data analytics, and AI capabilities that help maximize the business value of customers’ investments in Oracle Cloud.

The company supports clients in multiple industries including transportation, healthcare, manufacturing, retail, mining, oil and gas, utilities and energy, telecommunications and media , financial services, real estate, the public sector and higher education. The majority of Cloudworks’ 100 employees are located in Toronto, with additional offices in Calgary and other locations across the United States.

“As organizations across Canada continue to accelerate their technology transformation programs, we expect the demand for Oracle solutions to increase significantly,” said Jeffrey Russell, president of Accenture in Canada. “By acquiring Cloudworks, we are adding a highly talented team with industry specific experience in combining the power of Oracle with the ingenuity of people to open up new possibilities for customers. “

Jennifer Jackson, Accenture Technology Manager for Canada, said, “Cloudworks is a well-known Oracle service provider who has worked with organizations across Canada and across all industries. We are excited to grow our technology practice in Canada with the Cloudworks team which strengthens our ability to meet the growing need of Canadian organizations to unleash the power of cloud, data and innovation to create truly business-ready organizations. to come up.

Samia Tarraf, Oracle Business Group Manager for Accenture North America, said, “The impact of the Cloudworks team and their experience working with customers in Canada and the United States strengthens the overall our Oracle business in North America as organizations accelerate their transition to the cloud and seek Oracle Cloud applications to create more value and make their businesses more resilient.

Jason Nott, Co-Founder and CEO of Cloudworks, added, “With Accenture’s deep capabilities, global reach, and experience co-creating and co-developing Oracle solutions, we look forward to delivering greater value. to customers, as well as opening up new opportunities for our people. Joining Accenture will also help Cloudworks deliver more services to its customers through its global team of experts in digital, cloud and robotics process automation.

Cloudworks marks Accenture Canada’s third acquisition in the past year. Accenture has acquired Avenai, an Ottawa-based consulting firm focused on public service organizations, and Callisto integration, an Oakville, Ontario provider of digital manufacturing technology and consulting services to the food and beverage, chemicals, utilities and other industries, both in 2020.

Globally, in 2021, Accenture announced two Oracle-focused acquisitions: Nell’Armonia, a leading technology and consulting company specializing in enterprise performance management solutions, headquartered in Paris, France, and AppsPro, a leading provider of Oracle Cloud implementation services in Saudi Arabia.

Accenture was recently named a Leader in several recent Oracle Focused Global Analyst Reports: IDC MarketScape: 2021 Oracle Ecosystems Global Supply Chain Supplier Assessment (March 2021 | Doc # US47537020) and The Forrester Wave ™: Service Providers for Oracle SaaS Enterprise Applications, Q4 2020. Accenture was also named a leader in the Gartner Magic Quadrant 2021 for Oracle Cloud Application Services, Worldwide, which found that by the end of 2024, “75% of Oracle application services revenue will be cloud-related as businesses accelerate their migration to the cloud in response to the COVID-19 pandemic.”

Accenture has in-depth global expertise in a full suite of Oracle solutions with thousands of trained Oracle Consultants around the world helping accelerate digital transformation by implementing Oracle-based business solutions and new business processes that grow and develop. evolve as their digital business grows. Accenture has partnered with Oracle for over 30 years and is a Global Cloud Elite level member in the Oracle Partner Network. For more information on the relationship between Accenture and Oracle, visit www.accenture.com/oracle.

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