Accenture to Acquire CLIMB, Boost Technology Capabilities
Consulting firm Accenture has announced that it has agreed to acquire CLIMB, a Japan-based technology services provider, aimed at advancing its technology skills in the country.
CLIMB's expertise will help Accenture accelerate application and infrastructure modernisation services for financial institutions and government agencies to achieve digital transformation. Accenture’s investment in CLIMB will also enable local teams to revitalise the ICT industry locally.
Led by CEO Julie Sweet, Accenture combines its strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capabilities. The company has made a number of significant acquisitions in the technology space in recent years, while also announcing a US$3bn investment in AI over three years in its Data & AI practice, and an intention to double its AI talent through hiring, acquisitions and training.
CLIMB acquisition to help organisations navigate technology change
According to Accenture research, 42% of C-suite leaders say the skills shortage is one of the top three challenges that would hold back their organisations’ ability to respond to change, underscoring the importance for businesses of making their talent strategy a priority – especially as they work to tap the potential of new technologies.
The company says the acquisition of CLIMB will bring more critical skills for global organisations in Japan to help them navigate technology change.
“There are many talented engineers in regional areas of Japan who are leading digital transformation work," said Atsushi Egawa, who leads Accenture’s business in Japan. “Providing opportunities for these individuals to shine on the global stage will help elevate their skills to new heights, while at the same time revitalising the local economy.”
Founded in Maebashi City in 1989, CLIMB has been committed to its mission of making people's lives and society more convenient through ICT, and making everyone in the world happier. The company has expertise in multiple areas from the development of core banking and mission-critical systems to the management and operations of IT infrastructure for organisations such as domestic financial institutions, manufacturers, telecommunications carriers and government agencies.
Currently, CLIMB has approximately 200 engineers who are trained in cloud and security technologies and application management services. As part of the acquisition, CLIMB’s engineers will join Accenture Technology.
“With Accenture’s unique ability to resolve issues faced by clients and society with a holistic approach, we will be able to maximise the happiness of our people who, in turn, will contribute to the further enhancement of the ICT industry in the region,” comments Osamu Kanai, President of CLIMB.
Completion of the acquisition is subject to customary closing conditions, and terms of the transaction were not disclosed.
Founded in Maebashi City in 1989, CLIMB has been committed to its mission of making people's lives and society more convenient through ICT, and making everyone in the world happier. The company has expertise in multiple areas from the development of core banking and mission-critical systems to the management and operations of IT infrastructure for organisations such as domestic financial institutions, manufacturers, telecommunications carriers and government agencies.
Currently, CLIMB has approximately 200 engineers who are trained in cloud and security technologies and application management services. As part of the acquisition, CLIMB’s engineers will join Accenture Technology.
“With Accenture’s unique ability to resolve issues faced by clients and society with a holistic approach, we will be able to maximise the happiness of our people who, in turn, will contribute to the further enhancement of the ICT industry in the region,” comments Osamu Kanai, President of CLIMB.
Completion of the acquisition is subject to customary closing conditions, and terms of the transaction were not disclosed.
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