Accenture Acquires Ocelot Consulting To Expand Data Engineering And Cloud First Capabilities In North America; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Accenture (NYSE:ACN) has acquired Ocelot Consulting, a cloud consultancy firm, to enhance its data engineering and Cloud First capabilities in North America. Ocelot Consulting brings expertise in full-stack development, data engineering, data science, and cloud modernization, particularly with AWS. The acquisition aims to accelerate cloud transformation for clients in various industries such as utilities, financial services, agriculture, and consumer goods. The financial terms were not disclosed. Ocelot's team of approximately 100 technologists will join the Accenture AWS Business Group, which is part of Accenture Cloud First.
November 28, 2023 | 8:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Accenture's acquisition of Ocelot Consulting strengthens its Cloud First capabilities, particularly in AWS engineering, which is likely to enhance its service offerings and competitive edge in cloud transformation services.
The acquisition of Ocelot Consulting is directly relevant to Accenture's growth strategy in cloud services, a high-demand sector. The addition of Ocelot's expertise is likely to improve Accenture's offerings and market position, potentially leading to increased demand for its services and positive investor sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90