NEWS17 November 2022

Accenture acquires Japanese data science business

AI Asia Pacific Data analytics M&A News

JAPAN – Management consultancy Accenture is to acquire Tokyo-based artificial intelligence (AI) data science company Albert after completing a tender offer.

accenture office

Founded in 2005, Albert offers AI and data analytics services, AI-based algorithm development, AI implementation consulting and data science training support.

The company employs around 250 employees and contractors, who will join Accenture’s Applied Intelligence practice following the acquisition.

The tender offer was launched on 29th September and closed on 14th November. The financial terms of the deal have not been disclosed.

The acquisition will strengthen Accenture’s data services in Japan. The management consultancy’s previous recent acquisitions in the data and AI space include Clarity Analytics in the US, Sentelis in France and Mudano in the UK.

Atsushi Egawa, who leads Accenture’s business in Japan, said: “Companies today ... must look beyond the financials and include, for example, sustainability initiatives, customer experiences, and people development and retraining. Gaining this holistic perspective and being able to simulate every aspect of the business requires deep data science expertise and AI capabilities. Accenture and Albert’s team will bring these to clients.”