The acquisition is expected to grow the capabilities of Accenture Cloud First across Latin America and globally
Accenture said that it has acquired Brazilian cloud data company Tenbu, which uses analytics, big data, and machine learning to enable intelligent decision-making and planning.
The financial terms of the deal were not disclosed.
Headquartered in Sao Paulo, Tenbu is said to focus on minimising complexity with an aim to drive people to make creative use of data that is backed by disruptive technology and the transformation of talent.
By adopting a 360-degree approach, the Brazilian cloud data firm is said to help its clients through the complete cloud data journey by using talent, technology, and data to power business transformation.
Tenbu has a workforce of 170 data specialists, who will join Accenture Cloud First’s Data & AI team.
Tenbu CEO Carlos Pinto said: “Joining the Accenture Cloud First team will enable us to bring our specialised skills to help clients make smart, well-informed decisions that generate value.
“It’s also a massive growth opportunity for our people to be integrated with Accenture Cloud First and to team up on business opportunities across the Accenture business.”
Accenture said that the acquisition grows the capabilities of Accenture Cloud First across Latin America and globally. The acquisition will bring Accenture Cloud First’s expertise in data and AI, industry depth, and repeatable innovation with the cloud ecosystem to enable clients unlock the business value of data.
Tenbu marks the 11th acquisition made by Accenture in Latin America in the last five years. The other acquisitions include Organize Cloud Labs in Brazil and Wolox and Ergo in Argentina.
Accenture Cloud First global lead Karthik Narain said: “Our goal is to help clients with total enterprise reinvention by building their digital core, optimising operations and accelerating growth – and cloud data and AI are fundamental to a strong digital core.
“Adding the Tenbu team will expand our capabilities to help companies drive new services, growth and resilience using data from across the cloud continuum for intelligent decision-making.”
Recently, Accenture acquired Eclipse Automation, a Canada-based firm that offers customised engineered automation and robotics solutions.