Accenture said it has inked a deal to acquire IBB Consulting, a firm that helps a range of broadband, cable and mobile operators, media companies and technology providers develop their market strategies.
Financial terms were not announced, but Accenture said the deal will help its Accenture Strategy unit advise clients in the communications, media and technology (CMT) industries, and focus on areas such as digital video and IPTV, next-gen mobility, the Internet of Things, advanced advertising and data analytics.
After the deal is closed, about 160 IBB Consulting employees will be joining Accenture Strategy’s CMT industry practice. Most of IBB Consulting’s workforce is based in North America, with a subsection based in Australia.
Philadelphia-based IBB Consulting was founded in 2001.
“Companies across all industries are staking claims in the digital world, disrupting media, communications, high tech companies and IoT players, fueling deep competition from industry stalwarts and nimble new entrants alike,” Mark Knickrehm, CEO of Accenture Strategy, said in a statement. “The acquisition of IBB Consulting will enhance our ability to deliver deep, industry-specific strategies for our clients by helping them define and deliver a new breed of capabilities that drive competitiveness, reduce costs, leverage emerging technologies and expand operational excellence to put them atop the intersection of business, technology and operations.”
“Our goal has always been to help clients innovate rapidly with a full lifecycle project approach, from ideation to execution,” added Dr. Imran Shah, co-founder and managing partner of IBB Consulting. “By joining Accenture Strategy, we will combine a strong culture of collaboration with a leading client-centric workforce to bring new value to clients as they seek to capitalize on the convergence happening across their industries.”