Accenture has acquired Solvera Solutions, a cloud consulting company focused on ServiceNow, Microsoft and SAP applications. Financial terms of the deal were not disclosed.
This is technology M&A deal number 673 covered by ChannelE2E so far in 2021.
Accenture expects to spend about $2.5 billion on acquisitions in the company’s current 2022 fiscal year, which ends Aug. 31, 2022. The $2.5 billion figure is down from a previous M&A spending estimate of about $4.0 billion for fiscal 2022. The reduction mostly includes some acquisitions taking longer to close while navigating various compliance reviews, the company indicated.
Accenture Acquires Canadian IT Consulting Firm: Deal Details
Solvera Solutions, founded in 2005, is based in Regina, Saskatchewan, Canada. The company has approximately 450 employees. Solvera has M&A experience, having acquired application development firm Apptius Computer Solutions in 2020.
Meanwhile, Accenture has extensive experience across the ServiceNow, Microsoft and SAP application ecosystems. Additionally, Accenture Canada has acquired six businesses since 2020. The other five deals involved:
Accenture acquires Solvera: Executive Perspectives
In a prepared statement about the Solvera Solutions deal, Accenture in President of Canada Jeffrey Russell says:
“The addition of Solvera Solutions’ digital transformation capabilities with ServiceNow, Microsoft and SAP, along with their local market and industry expertise, means we are better positioned to support our clients in Western Canada. Clients across industries will benefit as we help them take advantage of cloud and enhanced service delivery capabilities to transform their customer service and operations, ultimately driving greater business value from their investments in leading platform technologies.”
Added by Robert Vokeslead managing director and financial services for Accenture at Canada:
“Solvera Solutions is a highly respected and high-performing digital transformation specialist with a talented team dedicated to the communities it serves, making it an excellent addition to Accenture. Solvera Solutions expands our presence throughout the West, driving value and growth for our platform offerings in this key geographic region.”
End of Reg RobinsonCEO and co-founder at Solvera Solutions:
“The rate of digital adoption has accelerated in recent years and we are committed to staying at the forefront of service delivery. Joining Accenture enables us to offer clients a broader range of resources and expertise through Accenture’s network of professionals across Canada and around the world, while providing our people with many new career growth opportunities.”
Accenture now has approximately 710,000 employees worldwide.
ServiceNow and SAP Partners: M&A Activity
Meanwhile, M&A activity involving IT service management (ITSM) and ERP application expertise remains strong.