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Friday, January 27, 2023

Accenture (NYSE: ACN) Announces Acquisition of Cygni

Accenture Plc (NYSE: ACN) has inked a deal to purchase Cygni. Cygni is recognized as a cloud-native full-stack development firm that assists firms to revolutionize their business through sophisticated technical software expansion services and groundbreaking technical solutions. Cygni has experience in communication, utilities, and in many other industries.

The firm also has experience in various projects for the national government. Using its experience, Cygni assists some of the most distinguished brands of the nation to revolutionize digitally. Furthermore, Cygni will also optimize the global skills of Accenture Cloud First. Cygni has nearly 190 developers who offer a range of IT advisory and execution services across the entire technology heap, comprising serverless and cloud.

Shares of Accenture plunged -0.19% at $280.25 during the pre-market trading session of Monday. Accenture recently disclosed that it has developed Accenture Cloud First. Accenture Cloud First consolidates the wide-ranging cloud knowledge of the firm to assist clients across every industry speed up their digital revolution and achieve greater value at speed and scale by quickly becoming “cloud-first” companies.

The terms of the deal have not been disclosed yet. The deal will be executed after the fulfillment of certain closing conditions. Accenture is welcoming the team of the Cygni as they bring deep technical competencies as well as a strong people culture.

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