Accenture acquires digital engineering firm Objectivity
Global consulting firm Accenture has agreed to purchase Objectivity, for an undisclosed fee. The move sees more than 700 staff join Accenture’s cloud and digital consulting wing.
Objectivity is an international IT company, founded in Coventry in 1991. Since then, the firm has spread to offices in Germany, Poland, and Mauritius, with its 700 experts – roughly 400 of which are in the UK – guiding clients through digital transformation efforts around the world. In particular, the firm specialises in cloud and platform development services, aiding clients with accelerating their transformation journeys.
Recent studies suggest that the global cloud computing market hit values of $483.98 billion in 2022, and is expected to expand at a compound annual growth rate of 14.1% from 2023 to 2030. The firm’s global positioning to make the most of this, as well as its proposition focused on digital transformation – a market which continues to boom, in spite of the worldwide economic slowdown – has made Objectivity an attractive prospect for investors. To that end, IT consulting giant Accenture has agreed to acquire Objectivity.
Rob Helle, founder of Objectivity, said, “For more than 30 years, Objectivity has provided innovative thinking to create the most fit-for-purpose digital solutions. Our values-driven culture allowed us to successfully become an international, virtual organisation, where clients and employees have been continuously growing together. Joining the Accenture team will enable us to achieve more because we will be stronger together with Accenture.”
Terms of the transaction were not disclosed. However, subject to customary closing conditions, the deal will see Objectivity’s global team join Accenture – bringing additional scale and resources to Accenture’s already expansive cloud offering.
Karthik Narain, global lead for Accenture Cloud First, commented, “A new wave of platform engineering is creating opportunities for companies to accelerate reinvention and value creation. Objectivity’s strong engineering culture and delivery experience will help our clients pivot and launch new products quickly and efficiently.”
With a strong digital core powered by cloud, organisations can continuously adapt to industry dynamics, using platforms to reimagine value chains and embrace new business models. In 2023, market research firm Everest Group already positioned Accenture as a Leader for Software Product and Platform Engineering Services. Recent examples of that work include Accenture helping military and security services provider Leonardo migrate its UK services to a ‘backbone’ located on the cloud.
It is hoped that the breadth and depth of Objectivity’s engineering assets and talent will further bolster this base across Accenture’s European platform engineering capabilities, providing clients with the agility they need to redefine their businesses and industries. The acquisition follows other global investments supporting Accenture’s Platform Engineering Services in recent years, which also include HeadSpring and Imaginea in 2021, and Fairway Technologies in 2019.
