Accenture To Acquire Parsionate

Accenture (NYSE: ACN) has agreed to acquire Parsionate, a Stuttgart, Germany-based data consultancy specialized in data products and modern data foundation services, ranging from data strategy development to technology implementation.

Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.

With deep industry-specific capabilities in the retail and industrial sector, as well as in the consumer goods and life sciences industries, the acquisition will strengthen Accenture’s data and artificial intelligence (AI) capabilities in Europe and enhance the company’s ability to deliver innovative, data-driven solutions to clients in these markets.

Headquartered in Stuttgart, Germany, with offices in Munich, Dortmund and Hamburg as well as in the Netherlands, Sweden and Switzerland, Parsionate is a major service provider in Master Data Management and Data Governance globally.

Its team of 130 professionals, from data consultants and architects to engineers, will join Accenture Technology’s Data & AI group. Its founders, Thomas Sperrfechter and Michael Fieg, will lead the data architecture and management portfolio within the group in Germany, Austria and Switzerland.