August 27, 2018
Accenture Completes Acquisition of Pillar Technology to Expand Industry X.0 Capabilities
COLUMBUS, OH; Aug. 27, 2018 – Accenture (NYSE: ACN) has completed the acquisition of smart embedded software company Pillar Technology, significantly expanding its Industry X.0 practice in North America.
Headquartered in Columbus, Ohio, Pillar Technology has a team of 320 people and offices in Des Moines, Iowa; Ann Arbor, Michigan; and Palo Alto, California. Pillar Technology brings more than 20 years of experience in the rapid, agile development of high-quality and user-friendly embedded software used in smart, connected products such as autonomous vehicles.
Accenture first announced the acquisition two weeks ago, together with the acquisition of San Francisco-based hardware engineering firm Mindtribe. The two complementary deals boost Accenture Industry X.0’s ability to help companies redefine smart connected software and physical products.
Accenture Industry X.0 helps companies address the shift to digital products and services, transform their engineering, manufacturing and field operations, and digitize their enterprises.
Financial terms for the transaction were not disclosed.
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 449,000 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.
Accenture Industry X.0 helps businesses master the digital reinvention of industry when they use advanced digital technologies to transform core operations and unlock new revenue streams and business models. We support every aspect of our clients’ multi-phase transformation including workforce, customer experience, R&D, engineering, manufacturing, business support and ecosystems. Visit www.accenture.com/industry-x0.
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Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
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Jens R. Derksen
+49 175 57 61393
+1 312 693 0188