The FINANCIAL — Accenture announced on December 21 that it has completed the acquisition of Cimation, an affiliate of Audubon Companies and an Industrial Internet of Things (IIoT) consulting company known for its work in process automation, information technology (IT) and industrial control system (ICS) cyber security.
The transaction supports the integration of enterprise IT systems and operational technology (OT) needed by resources industries to capitalize on opportunities such as automation solutions, production optimization, asset analytics and ICS cyber security. As a result, companies can better maintain, operate and optimize their wells, pipelines, refineries, chemical plants and mines, according to Accenture.
“With Cimation, we further our capability to provide end-to-end services to our customers as they operate and maintain their most important industrial assets,” said Peggy Kostial, Senior Managing Director for Accenture’s North America Resources operating group. “This union with Cimation is our latest step in the execution of our strategy to move beyond enterprise and customer services into asset management and operations, taking advantage of the transformative opportunities driven by the Industrial Internet of Things.”
Cimation’s approximately 200 people, most of whom are located in the United States and Canada, will join the Accenture Asset and Operations Services group.
“We look forward to playing a pivotal role in the delivery of IIoT projects that push the boundaries of the digital revolution as a part of Accenture,” said Jonathan Klein, Co-Founder and Chief Executive Officer, Cimation. “As we further integrate our businesses, Accenture and Cimation share two main objectives: to drive greater value for our clients through the convergence of IT and OT and to provide exciting career opportunities for Cimation’s team of dedicated employees.”
Founded in 2009 in Louisiana with executive offices in Houston and Metairie, Cimation has been included on the Inc. 5000 list of America’s fastest growing companies for four consecutive years, where it ranked number 32 in the energy industry and number 31 in Houston in 2015. It was also number 22 on Forbes’ 2013 list of America’s most promising companies and has received numerous recognitions for its fast growth and business performance, including top rankings in lists of the Houston Business Journal and Control Engineering Magazine.
Terms of the transaction were not disclosed.
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