Global professional services company Accenture (NYSE:ACN) acquired Pragsis Bidoop, a Spanish company with expertise in big data, AI and advanced analytics.
The amount of the deal was not disclosed.
With the acquisition, Pragsis Bidoop will add more than 200 employees with deep machine learning, artificial intelligence and big data engineering experience, along with its portfolio of end-to-end solutions, to Accenture’s Applied Intelligence business.
Integrating its capabilities will further enhance how Accenture Applied Intelligence serves the European and Latin American markets by allowing enterprise clients to scale their deployments of AI, analytics and automation to make data-driven decisions.
Founded in 2004 and headquartered in Madrid with additional offices in Barcelona and the U.K., Pragsis Bidoop specializes in service provisioning for corporations in a range of industries, from banking and insurance to retail, energy, railway, public sector and pharma. The company also delivers innovative data solutions for the digital reinvention of industry, including big data and AI solutions for digital twins (digital models of a physical objects, systems or processes), machine learning to optimize manufacturing processes, and advanced predictive models to reduce, for example, supply chain forecasting errors, lost sales and maintenance costs.
Led by Pedro Agudo, CEO and co-founder, Pragsis Bidoop has a diversified client base of Ibex-35 companies in Spain and multinational corporations with a presence in Mexico, Brazil and other Latin America markets.
Accenture Applied Intelligence employs more than 20,000 professionals, working to enable clients to scale AI, including 6,000 data scientists, data engineers and AI professionals worldwide.