Accenture has acquired Cloudworks, an Oracle Cloud implementation service provider. The deal further enhances Accenture’s capabilities to deliver Oracle solutions to clients on their journeys to the cloud. The financial terms of the acquisition were not disclosed.
Cloudworks, founded in 2016, specialises in strategy, business and technology consulting and has become well known for Oracle Cloud-based solutions in Enterprise Resource Planning, Enterprise Performance Management and Human Capital Management. Cloudworks has leading capabilities in robotic process automation (RPA), data analytics and AI, which help maximize the business value for clients’ investments in Oracle Cloud.
The company supports clients in several industries, including transportation, healthcare, manufacturing, retail, mining, oil & gas, utilities and energy, telecommunications & media, financial services, real estate, public sector, and higher education. The majority of Cloudworks’ 100 employees are located in Toronto, with additional offices in Calgary, and other locations throughout the United States.
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Cloudworks marks the third acquisition for Accenture Canada over the last year. Accenture acquired Avenai, an Ottawa consultancy focused on public service organisations, and Callisto Integration, an Oakville, Ontario provider of consulting and technology services in digital manufacturing in food and beverage, chemicals, utilities and other industries, both in 2020.
Globally, in 2021, Accenture has announced two Oracle-focused acquisitions: Nell’Armonia, a leading consulting and technology company specialised in enterprise performance management solutions, headquartered in Paris, France, and AppsPro, one of the leading Oracle Cloud implementation service providers in Saudi Arabia.
Accenture has recently been named a leader in several recent global analyst reports focused on Oracle: IDC MarketScape: Worldwide Supply Chain Oracle Ecosystems 2021 vendor assessment (Mar 2021 | Doc #US47537020) and The Forrester Wave: Services Providers For Oracle SaaS Business Apps, Q4 2020. Accenture was also named a Leader in the 2021 Gartner Magic Quadrant for Oracle Cloud Applications Services, Worldwide, which found that by the end of 2024, “75 per cent of Oracle applications services revenue will be cloud-related as enterprises accelerate their move to the cloud in response to the COVID-19 pandemic.”
