The FINANCIAL — Accenture has completed its acquisition of OCTO Technology, a technology consultancy specializing in digital transformation services and software development.
OCTO has become part of Accenture Digital, expanding Accenture’s digital services offering in France, according to Accenture.
“We thank OCTO’s leadership and employees for supporting this acquisition. It shows the confidence they have in this initiative, which enables us to build a unique end-to-end digital transformation service offering in the French market,” said Christian Nibourel, country managing director for Accenture in France and Benelux. “Our clients now have access to an expanded range of digital skills and industry experience, which, combined with our ability to quickly scale solutions, are unmatched in the market.”
“OCTO brings deep technology expertise, particularly in data science and mobile applications, and a strong culture of successful innovation, which we will leverage to create digital solutions tailored to each of our clients, and which can be quickly scaled,” said Pascal Delorme, Accenture Digital lead, France and Benelux. “Companies and organizations have different requirements in terms of digital transformation, depending on where they are on their journey. The addition of OCTO to Accenture Digital’s existing capabilities allows us to provide solutions that match all these needs – whether it is to help clients identify, test and adopt new business models based on emerging technologies, or to quickly implement at scale more mature digital technologies.”
François Hisquin, CEO and founder of OCTO said: “I am very pleased for OCTO to join Accenture, as we share the same vision, understanding of digital transformation issues and culture of excellence. OCTO has become a real jewel in the French technology service market thanks to its unique identity, agility, methodologies and innovative management, as well as its strong corporate culture. It’s this DNA and the drive to imagine the future and change the rules that caught Accenture’s attention. We will preserve and share this so that clients can take advantage of the synergies which allow us to see further, bigger and faster.”
Accenture has acquired a 100 percent shareholding in OCTO through a cash tender offer, which was supported unanimously by the supervisory board of OCTO. Following the purchase of the total shareholding, OCTO has been delisted from the Alternext stock exchange in Paris.
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