Accenture has entered into an agreement to acquire i4C Analytics, an advanced analytics software platform provider based in Italy, the global management consulting, technology services and outsourcing company announced today.
Terms of the transaction were not disclosed.
The acquisition will strengthen Accenture's capabilities to quickly offer tailored, industry- and function-specific analytics applications that clients can use to drive business decisions and deliver positive outcomes, Accenture said in a statement.
Accenture also said that i4C Analytics will be integrated into Accenture Analytics, part of Accenture Digital.
"In a market where apps are everything, our analytics-savvy clients are looking to Accenture to help them get from data to decisions as quickly as possible. The acquisition of i4C Analytics is designed to help them do this in a fast, flexible and targeted manner," said Narendra Mulani, senior managing director of Accenture Analytics, part of Accenture Digital. "The days of bulky advanced analytics solutions that take time to create and are expensive to maintain are gone. With i4C, we will be able to build apps quickly and ensure they are as easy as possible for clients to access, understand and action insights based on relevant, timely data."
Founded in 2002 and based in Italy, i4C utilises industry and business process-specific predictive analytics applications to provide insights to multiple users throughout an organisation. It currently provides industry-specific optimisation and predictive solutions in vertical industries including Power & Gas, Financial Services, Retail, Manufacturing and Communications. i4C is a privately held company with over 70 employees. It is headquartered in Milan, Italy, with offices in Bologna and Rome and a presence in the UK.
"I'm incredibly proud of the work we've done and the team we've built at i4C over the last 12 years," said Fabio Nalucci, co-owner and chief executive officer of i4C. "We believe that what we've built offers a uniquely accessible analytics solution for clients, and are incredibly excited that Accenture has recognised that and is investing in it. We have seen Accenture's focus on helping its clients become digital businesses. Together, we will be able to reach more industries in more countries with an advanced analytics solution that will change the way business processes operate, and speed up powerful decision making to help our clients thrive."