We advised Nextira in its sale to Accenture
Accenture Acquires Nextira to Enhance Engineering Capabilities in Cloud, AI, and Machine Learning
Solganick & Co. acted as the exclusive M&A advisor for Nextira
NEW YORK and AUSTIN; June 1, 2023 – Accenture (NYSE: ACN) has acquired Nextira, a Premier Partner of Amazon Web Services (AWS) that utilizes AWS to provide cloud-native innovations, predictive analytics, and immersive experiences for its clients. This acquisition will strengthen Accenture Cloud First’s extensive engineering capabilities, enabling clients to leverage a comprehensive suite of cloud services and tools. Financial details of the deal have not been disclosed.
Founded in 2008 and located in Austin, Texas, Nextira employs nearly 70 professionals who will join the Accenture AWS Business Group, which consists of over 20,000 certified experts focused on accelerating value on AWS to facilitate rapid and large-scale enterprise transformation. Nextira specializes in developing cloud-based solutions and services using advanced engineering techniques, artificial intelligence (AI), machine learning, and data analytics, allowing clients to design, build, launch, and optimize high-performance computing environments. Additionally, Nextira offers its proprietary Studio in the Cloud solution on AWS, providing clients with a virtual space to seamlessly develop and render 3D objects utilizing the latest rendering technologies.
“Nextira brings valuable expertise in engineering and designing cloud solutions that serve as a digital foundation for ongoing innovation,” stated Karthik Narain, global head of Accenture Cloud First. “We aim to integrate Nextira’s capabilities in AI, machine learning, and data analytics with Accenture’s methodologies for employing modern data platforms in the cloud. This will produce actionable insights and predictive results that our clients require to develop new applications and services, deliver innovative experiences for customers and employees, and drive their next phase of product and market growth.”