Accenture to acquire MSP Objectivity

The acquisition comes just months after the company announced plans to cut 19,000 jobs

Consultancy giant Accenture has agreed to acquire cloud and platform development MSP, Objectivity, to expand its platform engineering capabilities.

While the terms of the transaction were not disclosed, Accenture says the Coventry-based firm will bring additional scale and resources from their operations in the UK, Poland, Germany and Mauritius.

"A new wave of platform engineering is creating opportunities for companies to accelerate reinvention and value creation," said Karthik Narain, global lead for Accenture Cloud First.

"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.

"Objectivity's strong engineering culture and delivery experience will help our clients pivot and launch new products quickly and efficiently."

Jean-Marc Ollagnier, CEO of Accenture for Europe also added: "The world is undergoing massive changes, which requires organisations to continuously reinvent themselves to drive value.

The breadth and depth of Objectivity's engineering assets and talent will bolster our European platform engineering capabilities, providing our clients with the agility they need to redefine their businesses and industries."

Rob Helle, founder of Objectivity, commented on the acquisition saying: "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."

The acquisition comes just months after Accenture announced it was planning to lay off 19,000 employees over the next 18 months after a year in which it made 25 acquisitions and increased its headcount by 39,000.