Accenture has acquired i4C Analytics, an analytics software platform provider based in Italy. Financial conditions of the transaction have not been disclosed. The roughly 70 employees of i4C Analytics will be integrated into Accenture Analytics, a service area within Accenture Digital.
Founded in 2002 in Italy, i4C Analytics has grown to a medium-sized analytics firm with offices in Italy (Milan, Rome, Bologna) and UK. The firm provides predictive solutions for several industries, including Energy, Utilities, Financial Services, Retail, Manufacturing and Communications.
With the acquisition, Accenture boosts its IT capabilities in the area of analytics and Big Data, one of the quickest growing segments within the consulting market. “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,” says Narendra Mulani, Senior Managing Director of Accenture Analytics.
Fabio Nalucci, co-owner and head of i4C, states that he is “incredibly proud of the team built at i4C over the last 12 years” yet that at the same time joining Accenture provides large benefits both for the firm as well as employees. “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.”