SAN FRANCISCO and COLUMBUS, OH; Aug. 9, 2018 – Accenture (NYSE: ACN) has made two major moves to expand its Industry X.0 practice. The company acquired hardware engineering firm Mindtribe and entered into an agreement to buy smart embedded software company Pillar Technology. The two acquisitions will significantly boost Accenture’s ability to help companies redefine smart connected software and physical products as the lines blur between the physical and digital world.
Accenture Industry X.0 helps industrial, high-tech, software, automotive, energy and utility companies address the shift to digital products and services, transform their engineering, manufacturing and field operations, and digitize their enterprises.
“Products are no longer simply physical things—they are evolving to be connected platforms that are powered by artificial intelligence, the Internet of Things, and cloud and edge computing,” said Mike Sutcliff, group chief executive, Accenture Digital. “With our Industry X.0 capabilities, we are helping our clients create the products of the future with the required expertise in digital technologies, software development, product engineering, as well as user experience and product design. These acquisitions will fuel our drive to become a leader in developing connected products and services.”
Julie Sweet, Accenture’s chief executive officer, North America, added: “Our investment in innovation is an investment in our clients. These acquisitions follow the opening of our new Industry X.0 innovation hub in metro Detroit, further expanding our capabilities to help companies across a range of industries rapidly co-create, prototype and launch connected products and services to unlock new revenue streams and business models.”
Headquartered in Columbus, Ohio, Pillar Technology has a team of 320 people and offices in Des Moines, Iowa, Ann Arbor, Michigan, and Palo Alto, California. It possesses more than 20 years of experience in the rapid/agile development of high-quality and user-friendly embedded software used in smart, connected products such as autonomous vehicles.
Pillar Technology fuses elegant physical products with digital services that increase the benefit for end users and offer new ways to attract and serve customers. It has worked on reinventing the concept of hardware products with many iconic brands and high-tech companies.
Steve Myers, CEO of Mindtribe, said, “Mindtribe has always sought to build groundbreaking connected products and services, and we are proud to be behind some of the world’s most high-profile product successes. Now, 20 years after the foundation of Mindtribe, the most exciting part of our journey is still ahead of us, and we are looking forward to moving ahead as part of the Accenture Industry X.0 team.”
Bob Myers, CEO of Pillar Technology, said, “Our ambition is to provide the best possible software -- embedded or connected -- at lightning speed. We focus on value and fast feedback loops that puts user experience at the forefront. Joining Accenture‘s Industry X.0 practice will allow us to bring this focus on speed-to-value to even more clients. We’re excited to be a part of how Industry X.0 will help clients reach new heights in the U.S. and globally.”
As an area that represents significant growth opportunities for clients, Accenture is focused on strengthening its capabilities in Industry X.0 globally. For example, Accenture recently launched a new Industry X.0 innovation hub in metro Detroit, acquired Boston-based product design and innovation firm Altitude, and completed its acquisition of strategic design consultancy designaffairs.