Accenture acquired Cloud Analytics startup Core Compete for undisclosed sum


Accenture has now acquired the Core Compete, a North Carolina-based cloud analytics services firm.

Core Compete is founded by Shiva Kommareddi in the year 2012. It enables the digital transformation with cloud-native solutions that deliver Artificial Intelligence, and Machine Learning has driven business outcomes, to serve diverse customers across the UK and US with a particular focus on the retail, supply chain, and financial services.

The firm has data engineering, data science, and cloud engineering consultants in the US and has additional offices in India and the UK.

Executive Opinion

Sanjeev Vohra, global lead for Accenture Applied Intelligence, said, "Over the past year we’ve seen cloud adoption increase, enabling organizations to unlock the enterprise value from data and AI strategy at speed. Core Compete’s approach to cloud analytics transformation helps us further accelerate time to value for our clients, giving them the right tools, strategy, and talent to reap the full benefits of being data-driven."

Shiva Kommareddi, managing partner, Core Compete, said, "We have always seen the power of cloud analytics and are proud of the client transformations we’ve led over the past nine years. Accenture’s investment in cloud and focus on AI as an exponential source of value is exactly what we need to help broaden our impact across new markets and industries and deepen our impact with clients."

Accenture's Core Compete Acquisition

The financial details of the transaction were undisclosed.

Core Compete team of more than 260 professionals will now join the Accenture Applied Intelligence practice. 

The acquisition strengthens Accenture's capabilities to help customers execute their cloud-based data and AI strategies to drive more business growth and value.
PC: Pixabay

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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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