- Accenture recently announced it is acquiring Fairway Technologies, a provider of engineering services. These are the details.
Accenture recently announced that it is acquiring Fairway Technologies, a provider of engineering services that will further power the Accenture Product and Platform Engineering Services practice. This acquisition will also help Accenture manage clients and innovate software-based platforms. The terms of the deal were undisclosed.
By adding Fairway Technologies into the Accenture Product and Platform Engineering Services practice, the organizations will be able to maximize platform value by scaling and enhancing digital platforms that introduce new business models and revenue streams. Fairway Technologies has more than 80 skilled professionals on its staff and has offices in San Diego and Irvine, California as well as Austin, Texas.
“This acquisition will help Accenture continue to make next-generation platform technology a reality for our clients,” said Ramadurai Ramalingam, managing director of Accenture’s Product and Platform Engineering Services practice. “We turn innovative ideas into business differentiation, building products and platforms that create the right level of engagement and personalization with customers and ecosystem partners to help organizations thrive in the digital era.”
Accenture’s Product and Platform Engineering Services practice includes more than 8,000 professionals who help clients pivot to the digital platform economy ranging from defining a platform strategy to designing, implementing, and supporting a platform and developer ecosystem.
And for three consecutive years, analyst firm Zinnov has ranked Accenture as the leading provider of Product and Platform Engineering Services — Enterprise Software Ratings — in the Zinnov Zones 2018: Engineering Research & Development (ER&D) Report.
“Joining Accenture will enable us to continue our strategy of delivering premium engineering services, now on a broader scale,” added Fairway Technologies CEO Brett Humphrey. “With digital platforms becoming a foundation for organizations to create new products and services, Accenture Product and Platform Engineering Services practice and Fairway Technologies will work together to help companies disrupt and build competitive advantage in the platform economy.”
