Accenture Acquires Mindtribe and Pillar Technology

accentureGlobal professional services company Accenture (NYSE:ACN) has made two acquisitions in North America to expand its Industry X.0 practice.

The company acquired hardware engineering company Mindtribe and entered into an agreement to buy smart embedded software company Pillar Technology.

The two acquisitions will boost Accenture’s ability to support companies in redefining smart connected software and physical products.
Accenture Industry X.0 provides industrial, high-tech, software, automotive, energy and utility companies with services to shift to digital products and services, transform their engineering, manufacturing and field operations, and digitize their enterprises.

Founded in 1998, Mindtribe creates innovative connected hardware integrated with digital services for many iconic brands and high-tech companies.
The company – led by Steve Myers, CEO – has a team of 40 professionals based in San Francisco.
The team will work with Accenture’s Industry X.0 team and professionals from Accenture Interactive’s San Francisco Fjord studio.

Founded in 1996, Pillar Technology brings its experience in the rapid/agile development of embedded software used in smart, connected products such as autonomous vehicles, working with many iconic brands and high-tech companies.
Led by Bob Myers, CEO, the company has a team of 320 people in Columbus, Ohio, Des Moines, Iowa, Ann Arbor, Michigan, and Palo Alto, California.
Upon closing, Myers will continue to be responsible for the Pillar Technology business. In addition, he will lead Accenture Industry X.0’s smart products & embedded solutions practice.

The Mindtribe acquisition has been completed. Completion of the acquisition of Pillar is subject to customary closing conditions.

FinSMEs

10/08/2018

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