Systems integration and outsourcing giant Accenture has acquired the Texas-based consulting firm Structure for an undisclosed sum.
Structure, a Houston-based company founded in 1998, focuses solely on the energy and utility industries -- giving it knowhow that Accenture plans to use to beef up its portfolio of smart grid solutions.
Omar Abbosh, senior director of the Accenture Resources operating group, detailed further plans for the acquisition that include the development and deployment of advanced distribution management systems and automation tools. Structure's market operations and commodities trading services will also be combined with Accenture's capabilities in digital asset management.
"Joining forces with Accenture will provide our clients and our employees with a unique opportunity to extend our capabilities to offer critical business solutions on a global scale," added Lelon Winstead, Structure managing partner, in a statement. "We believe Structure's end-to-end expertise in smart grid, commodities trading and market operations aligns well with Accenture's grid operations and energy commodities trading businesses."
Accenture serves clients in more than 120 countries and generated net revenues of $28.6 billion in the last fiscal year.
Structure's more than 190 employees will join Abbosh as part of the Accenture Resources operating group.