Accenture has grown its strategy services business through the acquisition of US-based wireless, mobility and broadband consulting firm, IBB Consulting, which also has a presence in Australia.
The financial terms of the deal haven’t been disclosed.
The acquisition will expand Accenture’s capabilities in delivering strategy services. IBB will fit into the Accenture Strategy business unit, which focuses on designing business and technology strategies, and advising clients within the communications, media and technology (CMT) industry.
About 160 of IBB’s will join the Accenture Strategy CMT industry practice. The majority of its staff are based in North America with some also in Australia.
Founded in 2001, IBB’s business focus spans network infrastructure, software, content and devices, enabling clients to pioneer new products and services, and help develop their business models.
Accenture Strategy CEO, Mark Knickrehm, said the acquisition enhances its ability to deliver deep, industry-specific strategies for clients by helping them define and deliver capabilities that drive competitiveness, reduce costs, leverage emerging technologies and expand their operational ability.
IBB co-founder and managing partner, Dr. Imran Shah, said joining Accenture Strategy will combine its strong collaboration culture and help bring new value to clients that are seeking to capitalise on the convergence happening across their industries.
“Our goal has always been to help clients innovate rapidly with a full lifecycle project approach, from ideation to execution,” Dr Shah said.
Accenture has already made a string of acquisitions this year, acquiring creative agency The Monkeys and design business, Maud,to expand its digital offerings across Australia and New Zealand.
The global IT services company also recently revealed how it was transforming itself into a digital-first enterprise, with the business already progressing halfway in the public cloud.