Accenture has acquired Javelin Group, a provider of retail strategy consulting and digital transformation services.
Announced on Monday, the tech firm said the deal will extend the capabilities of Accenture Strategy, a unit which focuses on assisting retailers and brands in transforming through technology and digital systems.
Terms of the deal were not disclosed.
Founded in 1997, London-based Javelin Group specializes in retail strategy and digital transformation consultation. The company offers consultation services within fields including digital market assessment, evaluation, digital performance improvement, omni-channel retail planning, retail analytics, supply chain fulfilment, operations and expansion strategy.
The company employs over 160 people and roughly half of its revenues come from outside the United Kingdom.
"The combination of Javelin Group's skills and Accenture's global reach and industry expertise will enhance Accenture Strategy's ability to serve a fast growing international retail market," Accenture says.
Mark Knickrehm, group chief executive of Accenture Strategy commented:
"The acquisition of Javelin Group will help Accenture Strategy reinforce our ability to deliver large scale transformation in the retail industry. It will also strengthen the portfolio of industry knowledge and digital capabilities that makes Accenture Strategy increasingly relevant in a market demanding sector-specific strategies and solutions."
The buyout is subject to regulatory approval.
In February, Accenture Federal Services (AFS) revealed the firm had acquired Agilex, a provider of digital services for the US federal government. According to the company, the buyout of Agilex -- which developers digital services for US federal agencies -- will improve Accenture's digital capabilities in analytics, cloud and mobility within the government arena.
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