Accenture (NYSE: ACN) has acquired U.S.-based Fairway Technologies, a provider of engineering services, to further power the Accenture Product and Platform Engineering Services practice, helping clients manage and innovate software-based platforms. Terms of the transaction were not disclosed.
Together, Accenture Product and Platform Engineering Services practice and Fairway Technologies will help organizations maximize platform value by scaling and enhancing digital platforms that introduce new business models and revenue streams. Fairway Technologies includes more than 80 skilled professionals and has offices in San Diego and Irvine, California, as well as Austin, Texas.
“This acquisition will help Accenture continue to make next generation platform technology a reality for our clients,” said Ram Ramalingam, managing director of Accenture’s Product and Platform Engineering Services practice. “We turn innovative ideas into business differentiation, building products and platforms that create the right level of engagement and personalization with customers and ecosystem partners to help organizations thrive in the digital era.”
“Joining Accenture will enable us to continue our strategy of delivering premium engineering services, now on a broader scale,” said Brett Humphrey, CEO, Fairway Technologies. “With digital platforms becoming a foundation for organizations to create new products and services, Accenture Product and Platform Engineering Services practice and Fairway Technologies will work together to help companies disrupt and build competitive advantage in the platform economy.”
Accenture Product and Platform Engineering Services practice includes over 8,000 professionals who help clients pivot to the digital platform economy, from defining a platform strategy to designing, implementing and supporting a platform and developer ecosystem. For three consecutive years, analyst firm Zinnov has positioned Accenture as the leading provider of Product and Platform Engineering Services — Enterprise Software Ratings — in the Zinnov Zones 2018: Engineering Research & Development (ER&D) Report.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
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