Accenture has signed an agreement to acquire Logic, a retail technology services firm, to expand its retail capabilities by adding essential skills in core technologies and platforms, as well as artificial intelligence (AI) and generative AI, to drive innovation for clients.
Terms of the transaction were not disclosed.
Founded in 1997 and headquartered in Minneapolis, Minnesota, Logic has offices in 11 countries that serve more than 150 retail clients worldwide, helping retailers enhance customer loyalty, increase revenue, and improve agility through Technology.
The acquisition aims to enhance Accenture’s ability to drive technology transformations for retail clients globally, with strong capabilities in merchandising, stores, digital, analytics, and cloud.
“The addition of Logic’s expertise and industry-specific skills will further enhance our ability to deliver comprehensive retail solutions and drive transformative outcomes for our clients to thrive in this dynamic marketplace,” said Jill Standish, global lead of Accenture’s Retail industry practice.
Bill Szlaius, Co-Founder & CEO, Logic said, “For more than 25 years, our focus at Logic has been helping our retail clients move faster, innovate smarter and thrive in the face of retail disruption. Joining Accenture will enable us to expand our reach and accelerate our mission, providing even greater value to our clients and unlocking new growth opportunities for our talented team.”
Karthik Narain, group chief executive of Technology at Accenture, said, “Logic’s digital, data, and cloud capabilities, coupled with its deep industry experience, will complement Accenture Technology’s capabilities and further expand our ability to deliver impactful results to our clients.”
This strategic move underscores Accenture’s commitment to helping retailers transform their organizations with Technology to navigate the evolving retail landscape with confidence better.
Also Read: Accenture Acquires US-based Cientra to expand silicon design capabilities
