This is technology M&A deal number 204 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Cygni, founded in 2006, has approximately 190 software developers (pictured above) who provide IT consulting and implementation services. Areas of expertise, according to the Cygni website, include:
- Mobile app design and development (React, React Native, Swift, Kotlin);
- UX-design and project management.
Cygni serves such vertical markets as finance, telecom, gaming and retail. With headquarters in Stockholm, Cygni has offices across Sweden including Gothenburg, Linkoping, Malmoe, Lulea and Ostersund, as well as an office in Amsterdam, Netherlands.
The deal aligns with the Accenture Cloud First initiative — which unifies 70,000 employees who are focused on cloud computing projects and services for customers.
Accenture Acquires Cygni: Executive Perspectives
Karthik Narain, global lead of Accenture Cloud First, stated:
“Today, there is no business leadership without technology leadership. Companies who use technology to master change will define the future. Having Cygni’s talented team join Accenture Cloud First strengthens our ability to help clients use the cloud and technology innovation to act faster, operate sustainably, and deliver exceptional new experiences. Our new Cygni colleagues bring key skills to help clients master change in an era of compressed transformation.”
Jon Persson, CEO and founder at Cygni, added:
“Ever since Cygni was founded, we have had the vision to be the best place to work for highly skilled and ambitious software developers, which has been the foundation of our success. Now, it is time for the next chapter in our history. By joining Accenture, our people will get the opportunity to continue to grow even more as an integral part of Accenture Cloud First. Solving huge and challenging problems for local and global clients will create even more opportunities for our people to build their skills and experience.”
Concluded Joel Hofgren, cloud infrastructure & engineering lead at Accenture Sweden:
“We are delighted to welcome the Cygni team as they bring deep technical skills as well as a strong people culture. Modern software development capabilities are critical to unleashing the transformational power of cloud and adding the exceptional talents of the Cygni team will help propel us forward in realizing our Cloud First ambitions. We look forward to continue to build the best place to work together.”
Accenture Acquisition List
Accenture has made more than 60 acquisitions since 2019. The deals typically involve digital transformation, big data analytics, cloud, cybersecurity and MSSP buyouts.