Accenture to acquire AI firm Flutura
BANGALORE, INDIA — IT giant Accenture has agreed to acquire Bangalore-based industrial artificial intelligence (AI) company Flutura.
The terms of the deal were not disclosed, and the completion of the acquisition is subject to customary closing conditions.
Accenture looks at bringing Flutura’s expertise to clients in the energy, metals, chemicals, mining, and pharmaceutical industries.
Flutura’s AI platform offers solutions for engineering teams to assess, predict, and improve the asset performance and energy efficiency outcomes of production and manufacturing facilities.
“This acquisition will power industrial AI-led transformation for our clients globally and particularly in Australia, South-East Asia, Japan, Africa, India, Latin America, and the Middle East,” said Senthil Ramani, Senior Managing Director and Accenture Applied Intelligence Lead for Growth Markets.
Accenture is ramping up its data and AI capabilities, as seen in recent acquisitions that include data science company ALBERT in Japan; Analytics8 in Australia; Sentelis in France; Bridgei2i and Byte Prophecy in India; Pragsis Bidoop in Spain; Mudano in the UK; and Clarity Insights, End-to-End Analytics and Core Compete in the U.S.
Proving its capability as a top outsourcing partner to client companies, the firm ranked as Top 1 in the Time Doctor OA500, an index of the world’s top 500 outsourcing firms and a vital tool in assisting the BPO decision-making community.
