Accenture acquires Cloud-native and Agile Development firm, Wolox

Accenture has acquired cloud-native and agile development firm, Wolox. The financial details of the transaction were not disclosed.

Wolox is founded by Agustina Fainguersch in 2012. It deals with end to end development of mobile applications and software using the latest technologies such as Blockchain, AI, AngularJS, Virtual Reality/Augmented Reality, and Ruby on Rails. 

Karthik Narain, global lead for Accenture Cloud First, said, "The acquisition of Wolox brings differentiated skills to Accenture, as the team uniquely blends cloud native development with design and state-of-the-art technologies for business transformation. Wolox has multidisciplinary teams of industry and business experts, UX/UI designers, software designers, architects and engineers and, together, we’re now more equipped to help clients tap into the technology expertise and human ingenuity that powers how Accenture innovates."

Sergio Kaufman, president of Accenture Argentina and Hispanic South America, said, "By pairing Accenture’s global expertise with Wolox’s regional talent and capabilities, this acquisition strengthens our ability to help clients accelerate business transformation using cloud technologies and deliver measurable business value. We will integrate Wolox across Accenture’s services, including Strategy & Consulting, Interactive, Technology and Operations, enabling us to deliver 360 degree value for our clients, people, shareholders, partners and communities."

The deal is expected to increase the Accenture footprint in North America. Wolox has a team size of around 280 people. The workforce mainly works in the areas of digital business design, agile methodologies and product creation.

The acquisition would boost the global capabilities of the Accenture Cloud First group. In September 2020, Accenture formed a 'Cloud First' group with 3 Billion in investment. The multi-service group focused on cloud services and has around 70,000 employees. 

Accenture said that it looks to integrate Wolox offerings across its services such as strategy and consulting, operations and technology.