Accenture acquires Cloud-native firm, Cygni, to accelerate Cloud First Strategies


Accenture has now entered into an agreement to acquire Stockholm-based cloud-native stack development firm, Cygni. The financial terms of the transaction were not undisclosed.

Cygni is founded by Erika Sandström in the year 2006. It offers IT consulting and implementation services for serverless and cloud deployment. The company has offices across Sweden in Malone, Ostersund, Gothenburg, Linkoping, along with the offices in Netherlands and Amsterdam.

Executive Opinion

Karthik Narain, global lead of Accenture Cloud First, said, "Today, there is no business leadership without technology leadership. Companies that use technology to master change will define the future. Having Cygni’s talented team join Accenture Cloud First strengthens our ability to help clients use the cloud and technology innovation to act faster, operate sustainably, and deliver exceptional new experiences. Our new Cygni colleagues bring key skills to help clients master change in an era of compressed transformation."

Jon Persson, CEO, and founder at Cygni, said, "Ever since Cygni was founded, we have had the vision to be the best place to work for highly skilled and ambitious software developers, which has been the foundation of our success. Now, it is time for the next chapter in our history. By joining Accenture, our people will get the opportunity to continue to grow even more as an integral part of Accenture Cloud First. Solving huge and challenging problems for local and global clients will create even more opportunities for our people to build their skills and experience."

More about the acquisition

This is the Accenture seventh acquisition deal this month and the eleventh for 2021. Its previous acquisition deals include Cirrus, Pollux, and GRA.

Cygni's acquisition deal will help Accenture strengthen the Accenture Cloud First group which is the company's newly formed cloud services group with more than 70000 employees. The group focuses on helping enterprises to migrate to the cloud.     

The company also has plans to invest around $3 billion over the course of three years into cloud services operations.

Cygni, which has around 190 developers working on the cloud implementation and IT consultation services, will move to the cloud services unit of Accenture, notes the announcement.
PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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