Consulting and processing services provider Accenture said that it has entered into an agreement to acquire IT services provider Trivadis operations in Romania, Switzerland, Germany, Austria and Denmark.
The completion of the acquisition is subject to customary closing conditions, the buyer said in a press release in early July. The financial terms of the deal were not disclosed.
More than 710 professionals employed by Trivadis in the five countries will join Accenture’s Data & AI team within the Accenture Cloud First group.
"Acquiring Trivadis will strengthen our ability to help clients blend data from different sources together in real-time, build agile reporting, and leverage analytics and AI to create broadly accessible customer, market and operational insights that deliver meaningful business outcomes," global lead for Accenture Cloud First Karthik Narain said.
Founded in 1994 in Switzerland, Trivadis has worked with clients across industries including the public sector, automotive and life science industries. Its Romanian subsidiary Trivadi Services SRL was established in 2019 in Bucharest.
Accenture is an Irish-domiciled multinational company that provides consulting and processing services which employs over 569,000 in more than 120 countries.
Accenture established its first operations centre in Romania in 2016 and currently employs over 3,000 in Bucharest, Cluj, Timisoara, Tirgu-Mures, Iasi, and Brasov, according to its website.