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Accenture plc, a US-based information technology company, acquired the Japanese technology services company CLIMB. The acquisition deal is expected to bring crucial skills and resources to global firms in Japan to drive innovation and technology change for digital transformation and economic growth in the country.
The company confirmed it has agreed to buy the Japanese firm on Sunday, April 7, as per RTT News via NASDAQ.
Enhancing Competence in Tech Space
Accenture's purchase of CLIMB, which specializes in system integration and information technology (IT) infrastructure management, mainly in the Gunma Prefecture, will help expand the company's technology capabilities in the local arena. In particular, CLIMB's expertise will help expedite innovative applications and modernize services for various business organizations, including government agencies and financial institutions.
In any case, neither Accenture nor CLIMB disclose the financial terms of their acquisition deal. The companies may reveal more details about the agreement later on.
Arrangement for Transfer of Employees
CLIMB employs 200 engineers, who will all join Accenture Technology. These experts are said to have been trained in cloud and security technologies and are well-versed in various application management services.
CLIMB was founded in 1989, and its deal with Accenture is set to be completed after approvals. However, the acquisition is still subject to customary closing conditions.
"There are many talented engineers in regional areas of Japan who are leading digital transformation work," Accenture's head of business operations in Japan, Atsushi Egawa, said in a press release. "Providing opportunities for these individuals to shine on the global stage will help elevate their skills to new heights, while at the same time revitalizing the local economy."
CLIMB's president, Osamu Kanai, commented, "CLIMB's most important management principle is 'maximizing employee happiness' and only when every employee is happy can we provide rewarding work and value-added services to our clients. With Accenture's unique ability to resolve issues faced by clients and society with a holistic approach, we will be able to maximize the happiness of our people who, in turn, will contribute to the further enhancement of the ICT industry in the region."
Photo by: mrkathika/Flickr (CC BY-SA 2.0)
