« We see the world moving into the cloud. » Core Compete has strong SaaS knowledge and experience in both supply chains and finance and risk. However, in the past four to five years it has been an early adopters of cloud native analytics with a large number of people certified for analytics in Azure and [Amazon Web Services], ”said Sanjeev Vohra, global leader for Accenture Applied Intelligence.
Global solutions provider Accenture Wednesday announced the acquisition of Core Compete, a developer of cloud analytics and cloud-native technologies for artificial intelligence.
With the acquisition, Accenture expands its own cloud analytics and AI Features and maintains an experienced team that has experience with these advanced technologies, said Sanjeev Vohra, global leader in Accenture Applied Intelligence.
Instead of introducing new features that Accenture didn’t have before the acquisition, Core Compete, based in Durham, NC, Accenture’s current reach in the cloud analytics market, Vohra told CRN. The financial terms of the deal were not disclosed.
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« Core Compete has taken over the cloud analytics entirely, » he said. “The collaboration and acceptance in the cloud has increased significantly in the last 18 months. When customers move to the cloud, they consider what to do next. First is the applications. Second is the data. Then they bring AI to the cloud. You can do this with traditional AI or native AI services. This means « native » created by Google, AWS, Azure or companies like Snowflake. «
Core Compete was founded in 2012 and now has 260 employees. The company helps customers move applications to the cloud and bring in cloud-native services, » says Vohra.
« We’re seeing the Moving the world to the cloud, « he said. » Core Compete has deep SaaS (cloud analytics) knowledge and experience in both supply chains and finance and risk, but it has been one for the past four to five years early adopters of native cloud analytics with a large number of people certified to analytics in Azure and [Amazon Web Services]. «
Accenture acquired Core Compete primarily because of, and in part, its approach to cloud analytics and AI because Vohra had known the CEO of Core Compete for some time and wanted him to be part of the Vohra team.
« We’re expanding our team and learning from Core Compete’s techniques for migration to the cloud and for retraining – and Training programs, « he said. “Talent is scarce in this area. But it’s not just talent. It is also the leaders who can help us accelerate our own skills faster. «
The acquisition of Core Compete is the latest in a series of over 65 acquisitions that Accenture has made in recent years, » Vohra said.
« Our acquisitions are based on the skills we need and in complementary markets, « he said. » Some acquisitions are market-specific, others are global in nature. «