Accenture Acquires SolutionsIQ

Accenture (ACN) , a global management consulting and professional services firm, said on Friday that it has acquired SolutionsIQ, a leading provider of Agile transformation and innovation solutions for business and technology.

Agile is an umbrella term for a number of iterative and incremental software development methodologies.

Terms of the deal were not disclosed.

SolutionsIQ helps businesses implement Agile principles and practices to achieve tangible performance improvements including improved digital delivery effectiveness, reduced cycle times for software development and greater responsiveness to business needs.

"This acquisition brings tremendous value to Accenture and our clients," said Bhaskar Ghosh, group chief executive, Accenture Technology Services. "Today Agile is more than just a software development methodology. For the digital enterprise that is rotating to rapidly evolving digital technologies - or New IT - it's becoming a way of life."

"SolutionsIQ coaches, who are among the most sought-after experts in the industry, will expand our ability to help clients reduce investment risk, accelerate time to market for new products and services, and support design that delivers better customer experiences," Ghosh added.

Shares of Accenture were moving higher during afternoon trading on Friday.

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