Accenture (NYSE: ACN) has completed the acquisition of Openstream Holdings (Japan-based) and its subsidiaries, Open Stream and Neutral.
The amount of the deal was not disclosed.
The acquisition, previously announced on May 17, 2024, adds approximately 1,000 cloud and other digital experts to Accenture’s cloud and digital engineering and manufacturing teams. They will strengthen Accenture’s capabilities to support clients in system and application modernization and help them adopt cloud, data, AI and IoT technologies. They will also enhance Accenture’s business by bringing its client portfolio and automation solutions for the entire product value chain, from procurement and manufacturing processes to logistics and after-sales service.
Open Stream, with a team of 600 professionals, provides consulting and systems integration services, and technologies, including cloud, AI, IoT and cybersecurity, for logistics and retail industries. It also offers low-code development platforms for production management, inventory management, logistics and accounting systems used by more than 2,800 companies, and solutions for smart factories. Open Stream became part of Openstream Holdings in 2020.
Neutral specializes in system integration in the automotive and the manufacturing industries. The firm has built credentials in manufacturing management, 3D computer-aided design and computer-aided engineering solutions for the manufacturing industry, system integration of electronic medical records for medical institutions, system integration for local governments, and AI-powered forecasting, root cause analysis and predictive maintenance tools. Neutral joined Openstream Holdings in 2021.
FinSMEs
08/07/2024