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Accenture Acquires Kogentix to Help Clients Run Legacy Analytics Applications on Open Source Technologies to Get Ahead of Data Surge
[July 12, 2018]

Accenture Acquires Kogentix to Help Clients Run Legacy Analytics Applications on Open Source Technologies to Get Ahead of Data Surge


Accenture (News - Alert) (NYSE:ACN) has acquired Kogentix, a company providing big data and AI services and solutions that help enterprises make better decisions with their data. Kogentix, headquartered in Schaumburg, Ill., will strengthen Accenture Applied Intelligence's growing data engineering business, particularly in North America, as companies are increasingly looking to harness open source big data and advanced analytics technologies to identify revenue growth and cost reduction opportunities across the enterprise.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180712005474/en/

Accenture has acquired Kogentix which has nearly 220 data and AI professionals providing services an ...

Accenture has acquired Kogentix which has nearly 220 data and AI professionals providing services and solutions that help enterprises make better decisions with their data

Companies using these technologies can drive business insights from huge data sets much faster. This has become imperative as data keeps soaring and today's customers expect businesses to provide personalized experiences in real time.1 However, it is putting many companies, which run analytics applications built on proprietary technologies 10-20 years ago, in a tight spot.

Kogentix offers a range of assets to move long-standing applications to technologies such as Hadoop, Spark and Python, which can analyze larger volumes of data with more speed and processing efficiency. Additionally, transitioning legacy analytics applications to these technologies will allow companies to reduce licensing costs and recruit from a wider pool of data talent, as the new and growing generation of data scientists and engineers is trained on these platforms.

Narendra Mulani, chief analytics officer, Accenture Applied Intelligence, said, "Open source big data platforms and artificial intelligence are offering companies more opportunities than ever to become data-driven, intelligent enterprises. But marrying these new technologies with their old analytics world is becoming a key challenge for them. With Kogentix's assets and highly skilled team of big data and AI professionals, we are even better positioned to help clients realize the value of open source analytics platforms and embed new intelligence at the core of their businesses."

Boyd Davis, CEO and co-founder of Kogentix, said, "We founded Kogentix because we knew that big data and machine learning would play a critical role in transforming enterprises. The opportunity to leverage data for better business outcomes has never been this exciting. Becoming part of Accenture Applied Intelligence will allow us to seize a greater share of this market. We're excited by the scale and scope of projects that will open up to us, as well as the long-term career and growth opportunities for our team."

Boyd Davis and the other co-founders, Sanjay Gogia (COO), Jai Malhotra (CTO), and Krishna Nimmagadda (President), will continue to play key roles in leading the business.

Kogentix, founded in 2015, has a team of nearly 220 big data engineers, data scientists, machine learning engineers, and software developers. In addition to its Schaumburg headquarters, Kogentix has offices in Pleasanton, Cal., Hyderabad and Bangalore (India), Singapore, and Jakarta (Indonesia). Its clients include technology, high-tech, healthcare, consumer goods, and financial services companies.

Applied Intelligence employs more than 6,000 data scientists, data engineers and AI professionals worldwide. It has received several recognitions from leading industry analyst firms in the past six months including for Business Analytics Services, Data and Analytics Services and Smart Analytics.

In August 2017, Accenture acquired Search Technologies, a content analytics and enterprise search with nearly 200 big data engineers and search experts, into its Applied Intelligence practice.



Financial terms of the acquisition were not disclosed.

1 The amount of data generated every day is 2.5 billion gigabytes, according to Domo, the equivalent to 90,000 years of HD video, according to Cisco (News - Alert). A survey conducted by Harvard Business Review Analytics Services shows that most business leaders believe harnessing data to interact with customers in real time is key, and both consumers and business buyers increasingly demand and value it, according to studies from Salesforce. Sources: https://www.domo.com/news/press/domo-releases-annual-data-never-sleeps-infographic; https://www.theguardian.com/technology/blog/2011/jun/29/zettabyte-data-internet-cisco; https://www.sas.com/en_us/whitepapers/real-time-analytics-109676.html; https://www.huffingtonpost.com/vala-afshar/research-state-of-the-con_b_12613954.html?guccounter=1; https://www.salesforce.com/blog/2018/06/digital-customers-research.html


About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions - underpinned by the world's largest delivery network - Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 449,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

Accenture Applied Intelligence, part of Accenture Digital, applies artificial intelligence and human ingenuity at the core of business to help clients solve their most complex business problems. By deploying AI responsibly and combining it with our deep industry and analytics expertise, we enable the digital transformation of organizations, extend human capabilities, and make intelligent products and services a reality. Follow @AccentureAI and visit accenture.com/appliedintelligence.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "positioned," "outlook" and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. These include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture's results of operations could be adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; Accenture's business depends on generating and maintaining ongoing, profitable client demand for the company's services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the changing technological environment could materially affect the company's results of operations; if Accenture is unable to keep its supply of skills and resources in balance with client demand around the world and attract and retain professionals with strong leadership skills, the company's business, the utilization rate of the company's professionals and the company's results of operations may be materially adversely affected; Accenture could have liability or Accenture's reputation could be damaged if the company fails to protect client and/or company data from security breaches or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture's profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies; changes in Accenture's level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company's effective tax rate, results of operations, cash flows and financial condition; Accenture's results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture's business could be materially adversely affected if the company incurs legal liability; Accenture's work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture might not be successful at identifying, acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture's global delivery capability is concentrated in India and the Philippines, which may expose it to operational risks; as a result of Accenture's geographically diverse operations and its growth strategy to continue geographic expansion, the company is more susceptible to certain risks; adverse changes to Accenture's relationships with key alliance partners or in the business of its key alliance partners could adversely affect the company's results of operations; if Accenture is unable to protect its intellectual property rights or if Accenture's services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture's ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; any changes to the estimates and assumptions that Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; many of Accenture's contracts include payments that link some of its fees to the attainment of performance or business targets and/or require the company to meet specific service levels, which could increase the variability of the company's revenues and impact its margins; Accenture's results of operations and share price could be adversely affected if it is unable to maintain effective internal controls; Accenture might be unable to access additional capital on favorable terms or at all and if the company raises equity capital, it may dilute its shareholders' ownership interest in the company; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the "Risk Factors" heading in Accenture plc's most recent annual report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture's expectations.

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