Accenture Acquires Kogentix

Accenture has acquired Kogentix, a company providing big data and AI services and solutions that help enterprises make better decisions with their data. These technologies provide information and insight from huge data sets efficiently, but companies that run analytics applications on outdated technologies may find issues. Kogentix offers a range of assets to move long-standing applications to technologies such as Hadoop, Spark and Python, which can analyze larger volumes of data with more speed and processing efficiency. Additionally, transitioning legacy analytics applications to these technologies will allow companies to reduce licensing costs and recruit from a wider pool of data talent, as the new and growing generation of data scientists and engineers is trained on these platform.

Founded in 2015, Kogentix has a team of nearly 220 big data engineers, data scientists, machine learning engineers, and software developers. Its clients include companies covering a range of areas, including technologies, consumer goods, and financial services. Accenture has a growing data engineering business, as companies are increasingly looking to harness open source big data and advanced analytics technologies to identify revenue growth and cost reduction opportunities. Applied Intelligence has more than 6,000 data scientists, machine learning engineers, and software developers. This is not the first move Accenture has made in this area. In August of 2017, it also acquired Search Technologies, a company specializing in the design, implementation, and management of big data and search analytics, to bolster this area.

Source: Accenture