Accenture nabs digital marketing biz Acquity Group for $315 million

Summary:Accenture continues to move toward its goal of being a digital marketing services provider with its second acquisition in a week.

While most of the big mergers and acquisitions news in the tech world has been focused elsewhere over the last few days, there have been a few more that have sneaked in under the radar.

One example is Accenture, which announced that it intends to buy Acquity Group, a digital marketing and e-commerce business, for $316 million.

See also: Mobile payments need carrots to boost adoption, says Accenture | Accenture investing more than $400M in new cloud capabilities

Acquity Group is touted as the second-largest independent digital marketing company in the United States with a revenue of $141 million for 2012 -- up 32 percent from 2011.

Once the deal is complete, Acquity Group’s employee base of more than 600 are expected to join Accenture.

The latest merger follows up last week's acquisition of Fjord, which was bought primarily for that company's design and marketing capabilities.

Accenture added digital production support services through the purchase of avVenta late last year.

The global consulting firm affirmed that it plans to use Acquity Group's resources to further expand its own digital marketing solution, Accenture Interactive, with chief marketing officers listed as the target customer demographic.

Pointing toward bigger industry trends, Accenture is moving more towards becoming a digital marketing services provider with the intention of serving businesses that recognize the link between IT and marketing departments thanks to data analytics.

Topics: CXO, Enterprise 2.0, Enterprise Software, IT Employment, Tech Industry

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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