NEWS21 December 2023

Accenture buys data business Redkite

AI Data analytics M&A News Technology UK

UK – Accenture has acquired London-headquartered data consultancy Redkite to bolster its data and artificial intelligence services.

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Founded in 2018, Redkite’s services include data strategy, analytics, data architecture, operating model design, data integration and data governance.

Through the acquisition, Redkite’s team of around 230 will join Accenture’s data and AI practice in the UK.

Accenture has not disclosed the financial terms of the deal.

The acquisition forms part of Accenture’s $3bn investment, over three years, in its data and AI practice, which will include doubling the number of AI professionals through hiring, acquisitions and training.

Redkite will expand Accenture’s data capabilities, which form a foundation for clients’ use of AI.

The deal follows Accenture’s earlier UK acquisitions of cloud and digital consultancy Infinity Works in 2021, and analytics and data services consultancy Mudano in 2020.

Kayur Rughani, a managing director in Accenture’s data and AI practice, said: “To move from experimentation to scaled implementation, our clients need a strong data and AI foundation. The combination of Accenture and Redkite’s capabilities, expertise and services will help clients make the shift to scale AI investments.”

Jon Tippell, managing director at Redkite, said: “For companies to embrace the opportunity of data and AI, they need strong digital foundations in the cloud across their business. Joining Accenture means we can become a stronger force for our clients to set their data strategies in motion.”