Accenture said Monday it has entered into an acquisition agreement with Cygni in an effort to enhance the global capabilities of Accenture Cloud First. Cygni is a cloud-native full-stack development firm that provides a broad range of information technology (IT) services. According to Accenture, the terms of the transaction have not been disclosed.
Accenture has formed Accenture Cloud First under a three-year, $3 billion investment. The division will help clients accelerate digital transformation to increase speed and scale. Accenture has appointed Karthik Narain to lead Accenture Cloud First and join the Global Management Committee, effective October 1. Accenture Cloud First is a multi-service group of 70,000 cloud professionals that will leverage Accenture's industry and technology capabilities and ecosystem partnerships.