Accenture has acquired Parsionate, a data consultancy firm, to strengthen its data and artificial intelligence (AI) capabilities in Europe.
With deep industry-specific capabilities in the retail and industrial sector, as well as in the consumer goods and life sciences industries, the acquisition of Parsionate will strengthen Accenture’s data and artificial intelligence (AI) capabilities in Europe and enhance the company’s ability to deliver innovative, data-driven solutions to clients in these markets.
According to Accenture research, 75% of C-level leaders plan to increase their spending on data and AI in 2024, compared to 50% who increased spending in 2023.
The acquisition of Parsionate, previously announced on May 2, 2024, adds 130 professionals, from data consultants and architects to engineers, to Accenture Technology’s Data & AI group.
Parsionate’s founders, Thomas Sperrfechter and Michael Fieg, will lead the group’s data architecture and management portfolio in Germany, Austria, and Switzerland, ensuring a smooth transition and continued excellence.
“Parsionate brings exceptional proficiency in data and analytics, combined with strong international data product capabilities and deep industry expertise,” said Kathrin Schwan, who leads Accenture’s Data & AI business in Germany, Austria, and Switzerland.
“Parsionate’s holistic data expertise, from strategy development to technology implementation, will enhance our ability to provide clients with highly tailored and effective data-driven solutions that will help them harness the transformative power of generative AI,” said Christina Raab, market unit lead for Accenture in Germany, Austria, and Switzerland.
“By joining forces with Accenture, we will generate synergies along the data and analytics value chain and will be able to offer even more comprehensive and innovative data-driven solutions while providing new growth opportunities to our team,” said Thomas Sperrfechter and Michael Fieg, founders and managing directors at Parsionate.
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