Accenture has acquired Toronto-based consulting firm Cloudworks in order to increase its capabilities to deliver cloud-based Oracle solutions to its clients.
Cloudworks was founded in 2016 and offers a range of strategy, business, and technology consulting. It is focused on helping businesses implement cloud technology and has become know for its Oracle-cloud based solutions in the enterprise resource planning, enterprise performance management and human capital management spaces.
Accentures stated the deal further enhances its capabilities to deliver Oracle solutions to its customers. The financial terms of the deal were not disclosed.
“By acquiring Cloudworks, we add a highly talented team with industry-specific experience.”
“As organizations across Canada continue to accelerate their technology transformation programs, we anticipate the demand for Oracle solutions to grow significantly,” said Jeffrey Russell, president of Accenture in Canada. “By acquiring Cloudworks, we add a highly talented team with industry-specific experience in combining the power of Oracle with the ingenuity of people to unlock new possibilities for clients.”
Cloudworks marks the third acquisition made by Accenture Canada over the last year. Last year, Accenture acquired Avenai, an Ottawa consultancy focused on public service organizations, and Callisto Integration, an Oakville, Ontario provider of consulting and technology services in digital manufacturing in food and beverage, chemicals, utilities and other industries.
The Cloudworks deal also follows recent Oracle-focused acquisitions by Accenture. On a global level, the professional services company purchased Paris-based Nell’Armonia and Saudi Arabia’s AppsPro. Accenture has worked with Oracle for more than 30 years ad is part of its partner network. The company offers a range of Oracle solutions and has thousands of Oracle consultants across the globe.
“The impact of the Cloudworks team and its experience working with clients in Canada and the U.S. bolsters our entire Oracle business in North America as organizations fast-track their cloud journeys and look to Oracle Cloud applications to create more value and make their businesses more resilient,” said Samia Tarraf, Accenture’s Oracle Business Group lead for North America.
Cloudworks brings to Accenture a team of 125 employees spread across offices in Toronto, Calgary and a couple of United States locations.
“With Accenture’s in-depth capabilities, global scale and experience co-creating and co-developing Oracle solutions, we look forward to delivering greater value for clients, as well as opening up new opportunities for our people,” said Jason Nott, cofounder and CEO of Cloudworks. “Joining Accenture will also help Cloudworks provide more services to clients through its global team of experts in digital, cloud and robotic process automation.”