Accenture to Buy Cygni

Left to Right: Joel Hofgren, Cloud Infrastructure & Engineering lead at Accenture together with Jon Persson, CEO and founder of Cygni

Accenture (NYSE: ACN) is to acquire Cygni, a Stockholm, Sweden-based cloud native full-stack development firm that enables companies to advance their business through advanced technical software development services and innovative technical solutions.

The terms of the deal – whose completion is subject to customary closing conditions – were not disclosed.

With the acquisition, Cygni will further enhance the global capabilities of Accenture Cloud First.

Founded in 2006 and led by Jon Persson, CEO, Cygni provides a range of IT consulting and implementation services across the complete technology stack, including serverless and cloud with experience across multiple industry sectors – from communications to utilities — and in digital-led projects for the national government. The firm has served some of the country’s most recognized brands to transform digitally.

With headquarters in Stockholm, Cygni has offices across Sweden including Gothenburg, Linkoping, Malmoe, Lulea and Ostersund, as well as an office in Amsterdam, Netherlands, It has a team of approximately 190 developers.

Accenture Cloud First is a new multi-service group of 70,000 cloud professionals, which integrates the company’s wide-ranging expertise to help clients across every industry accelerate their digital transformation and rapidly become “cloud-first” businesses.