Accenture buys Nytec to beef up its IoT expertise

Accenture buys Nytec to beef up its IoT expertise

Accenture acquired Kirkland based Nytec for its expertise in IoT engineering and innovative software development services for the manufacturing industry. The financial terms of the acquisition were not disclosed.

Nytec joins Accenture's Industry X.0 vision, notes the announcement. Accenture Industry X.0 is an approach to use advanced technologies to reinvent products and services from design and engineering to manufacturing and support, accelerating operational efficiency and enterprise-wide growth.

Executive Opinion

Accenture Industry X.0 lead, North America, Craig McNeil, said, "Our ambition is to become a key partner for clients wanting to transform their business through innovation that is coming from the fusion of software, physical products and connectivity. We’ve been building the skillset to deliver on this ambition, in part through our acquisitions of hardware engineering company Mindtribe and embedded software development firm Pillar Technology, and with Nytec we will continue to expand it.”

CEO of Nytec, Rich Lerz, said, "Our designers, engineers, and manufacturing experts translate complex problems into compelling, simple solutions that deliver the ultimate user experience. Becoming part of Accenture Industry X.0 will allow our team to scale services for our clients and get access to the best brands in the world."

Accenture's Nytec bet

The announcement noted that Nytec brings deep capabilities & expertise in software platform development and engineering, much needed for Accenture's Industry X.0. These capabilities can be leveraged to build the underlying IoT infrastructure and systems for connected experiences. Accenture's clients in the consumer tech, industrial high tech, hospitality, travel, and consumer goods and services industries are likely to benefit from the Nytec acquisition.

At Kirkland, WA, Nytec has an end-to-end Product Innovation Center (PIC) for design, prototype development, engineering, and support services for manufacturing. Accenture plans to expand and add the facility to its global Industry X.0 Innovation Network. The network allows Accenture to work with clients for rapid prototyping, delivery and co-develop new products and services.

In April, Accenture also acquired Zielpuls to boost its capabilities in the design of smart products and services for carmakers. Zielpuls also became part of Accenture Industry X.0

PC: Nytec, Accenture

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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