Accenture to acquire an Indian industrial AI company

Leading IT services and consulting company Accenture has agreed to acquire industrial artificial intelligence (AI) company Flutura, headquartered in Bangalore, India.

Accenture is a leading global IT professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth, and enhance citizen services—creating tangible value at speed and scale.

The company, considered one of the largest consulting firms in the world is headquartered in Dublin, also has operations in several countries across the world including the USA, India, Nigeria, and South Africa, and serves clients across several industries.

Accenture plans to bring Flutura’s strong AI technology capabilities and its about 110 professionals specialized in industrial data science services to clients in the energy, chemicals, metals, mining, and pharmaceutical industries. The terms of this deal were not disclosed.

Its acquisition of Flutura will help strengthen Accenture’s industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster.

With Flutura, Accenture continues to build its data and AI capabilities for clients. Last year, it acquired the data science company ALBERT in Japan.

Other recent AI acquisitions include Analytics8 in Australia; Sentelis in France; Bridgei2i and Byte Prophecy in India; Pragsis Bidoop in Spain; Mudano in the UK; and Clarity Insights, End-to-End Analytics and Core Compete in the U.S.