Accenture Nabs Engineering Firm In Second Acquisition This Month

‘This acquisition will help Accenture continue to make next generation platform technology a reality for our clients,’ Ram Ramalingam, managing director of Accenture’s Product and Platform Engineering Services practice says in a statement.

With its second acquisition this month, Accenture has picked up an engineering firm that helps customers managed and innovate their software-based platforms.

Fairway Technologies has more than 80 skilled workers between its offices in Texas and California that “scale and enhance” digital platforms with an eye towards creating new business models and revenue streams, according to a press release.

“This acquisition will help Accenture continue to make next generation platform technology a reality for our clients,” Ram Ramalingam, managing director of Accenture’s Product and Platform Engineering Services practice, said in a statement. “We turn innovative ideas into business differentiation, building products and platforms that create the right level of engagement and personalization with customers and ecosystem partners to help organizations thrive in the digital era.”

Accenture did not respond to a request for comment.

[RELATED: Accenture Lawsuit: Ex-Senior Exec Is ‘Imminent Threat’ To Trade Secrets]

According to the company’s website, Fairway has logged more than 800,000 hours of software development, and it has launched more than 1,000 projects successfully.

Fairway will fall under Accenture’s Product and Platform Engineering Services practice, which helps clients manage and innovate software-based platforms, through its 8,000 employees who help customers through the process of identifying their needs to finding a platform and strategy that works, all the way through implementation, Accenture said in its statement.

“Joining Accenture will enable us to continue our strategy of delivering premium engineering services, now on a broader scale,” said Fairway Technologies CEO Brett Humphrey in a statement. “With digital platforms becoming a foundation for organizations to create new products and services, Accenture Product and Platform Engineering Services practice and Fairway Technologies will work together to help companies disrupt and build competitive advantage in the platform economy.”

Earlier this month, Accenture – No. 2 on the 2019 CRN Solution Provider 500 -- acquired Northstream, a Stockholm-based consultancy that works with communication providers and network service vendors. The move is designed to help Accenture around 5G deployment and IoT connectivity in the Nordic regions. The terms of that deal were also not released.

Accenture appears no less acquisitive since Julie Sweet was named CEO in July. Sweet -- who is expected to begin her term in September -- replaced longtime CEO Pierre Nanterme, who died after a long illness earlier this year.