Accenture recently announced it is buying Work & Co and Navisite. These are the details about the deals.
Work & Co Acquisition
Launched in 2013, Work & Co earned multiple honors for digital products it strategized on, designed, and developed, including Fast Company’s Innovation by Design Awards, Time’s Best Inventions list, and CES Innovation Awards.
Accenture Song and Work & Co have a shared vision of the tremendous opportunity for building life-centric digital experiences and products in anticipation of a $1.755 trillion global digital transformation market by 2028.
Work & Co has credibility in creating flagship digital experiences and products—from mobile apps and commerce platforms to retail experiences, digital kiosks, and generative AI applications. And it also helps brands define and bring-to-market digital strategies and operationalize world-class digital products at-scale.
Work & Co works with clients across consumer goods & services, communications & media, life sciences, travel, financial services, digital and technology. And the company has also long been known for building AI platforms and this year has engaged with brands across travel, retail, and health to stand up new generative AI products.
Based in New York, Work & Co’s nearly 400 employees across the United States, Europe, and Latin America will join Accenture Song. And Work & Co is the latest in a series of acquisitions that Accenture Song has made to bolster its ability to help clients grow, innovate, and sustain relevance, including Rabbit’s Tale, ConcentricLife, Fiftyfive5, The Stable, and Romp.
The terms of the deal were not disclosed. And the completion of the acquisition is subject to customary closing conditions.
Navisite Acquisition
Accenture also entered into an agreement to acquire Navisite, a digital transformation and managed services provider. The addition of Navisite will accelerate and scale Accenture’s application and infrastructure managed services capabilities to help clients across North America modernize their IT for the AI era. The terms of the acquisition from private equity investment firm Madison Dearborn Partners were undisclosed.
Based in Andover, MA, Navisite’s team of about 1,500 people will join Accenture’s Infrastructure Engineering practice dedicated to helping clients accelerate their cloud transformations and build a strong digital core. With over 400 cloud engineers, who hold more than 2,000 certifications, Navisite has deep experience across multiple cloud providers, enterprise applications and digital technologies, serving clients in sectors like technology, business services, healthcare, life sciences and manufacturing.
This deal is subject to customary closing conditions.
Key Quotes About Work & Co Deal
“Game recognizes game. I have admired Work & Co’s client work, distinct model, and strong leadership for years. It’s little wonder they are widely considered as one of the world’s very best digital product companies. So, as Song continues to grow significantly, we will continue to bring more and more tech expertise and creative excellence into our Song family.”
— David Droga, CEO at Accenture Song
“Ten years ago, we envisioned a new model bringing design and technology together—embracing the notion that the best digital products and experiences not only drive value and critical outcomes for clients but make people’s day-to-day lives better too. With Accenture Song, we share a like-minded belief in the power unlocked by pairing creativity and technology. It’s energizing to look towards a future of collaborating on work powered by the unmatched level of scale, intelligence, sector expertise, and innovation found at Accenture Song.”
— Mohan Ramaswamy, Founding Partner at Work & Co
KEY QUOTES:
“Our clients feel a sense of urgency to modernize their enterprise and they continue to call on Accenture for help in critical areas where we excel. With skills steeped in cloud, infrastructure and application services, Navisite’s talented team expands our ability to help clients embrace new technologies and ways of working, to unlock the next-level of business reinvention.”
— Manish Sharma, CEO of Accenture North America
“Most enterprise IT environments are not ready for the demands of the AI era. Adding Navisite means we can more quickly help clients ‘run to the new’—modernizing at speed while they operate efficiently, through Accenture’s innovation-focused managed services.”
— Karthik Narain, group chief executive, Accenture Technology
“Through the hard work and dedication of our teams, we have been a trusted digital transformation partner for growing and established global brands. Accenture is the ideal partner for Navisite’s next chapter as we expand and enhance our client service offering to drive our growth, while creating exciting new opportunities for our people. Together with Accenture, we will be well-positioned to scale our services and deliver practical guidance for clients seeking to modernize and build more agile, resilient, and expanding businesses.”
— Mark Clayman, Chief Executive Officer of Navisite
