Accenture acquires Logic to boost retail tech capabilities
NEW YORK, UNITED STATES — Global professional services giant Accenture has announced its agreement to acquire Logic, a retail technology services firm based in Minneapolis.
While the financial terms of the deal were not disclosed, this move is expected to strengthen Accenture’s ability to drive technology transformations for retail clients worldwide.
Expanding retail expertise
The acquisition will add approximately 800 professionals with specialized skills in retail-focused technical strategies to Accenture’s workforce.
“Business disruption is intensifying and requires retailers to embrace a strategy of continuous reinvention to deliver value across every part of the business with digital technology at the core,” said Jill Standish, global lead of Accenture’s Retail industry practice.
“The addition of Logic’s expertise and industry-specific skills will further enhance our ability to deliver comprehensive retail solutions and drive transformative outcomes for our clients to thrive in this dynamic marketplace.”
Founded in 1997, Logic brings a wealth of experience in retail technology. With offices in 11 countries and a client base of over 150 retailers globally, Logic specializes in driving customer loyalty, boosting revenue, and increasing agility through innovative technology solutions.
Strengthening technological capabilities in retail
The integration of Logic into Accenture’s operations will expand the company’s retail capabilities, particularly in areas such as merchandising, stores, digital, analytics, and cloud technologies.
Additionally, Logic’s expertise in artificial intelligence (AI) and generative AI will drive innovation for Accenture’s clients.
Karthik Narain, group chief executive of Technology at Accenture, highlighted the strategic importance of this move: “Logic’s digital, data and cloud capabilities, coupled with its deep industry experience, will complement Accenture Technology’s capabilities and further expand our ability to deliver impactful results to our clients.”
Bill Szlaius, Co-Founder & CEO of Logic, expressed enthusiasm about joining forces with Accenture, stating, “Joining Accenture will enable us to expand our reach and accelerate our mission, providing even greater value to our clients and unlocking new growth opportunities for our talented team.”
Accenture is a global leader in professional services. It operates in more than 120 countries and has an approximately 750,000-person workforce. For the second consecutive year, it ranked #1 in the OA500 2024, an objective index of the world’s top 500 outsourcing companies.
