Accenture Expands Oracle Capabilities in Canada with Cloudworks Acquisition

Accenture (NYSE: ACN) has acquired Cloudworks, a leading Toronto-based Oracle Cloud implementation service provider across North America. The deal will enhance Accenture's capabilities to deliver Oracle solutions to clients on their journeys to the cloud. The financial terms of the acquisition were not disclosed.

Cloudworks, founded in 2016, specializes in strategy, business and technology consulting and has become well known for Oracle Cloud-based solutions in Enterprise Resource Planning, Enterprise Performance Management and Human Capital Management. Cloudworks has leading capabilities in robotic process automation (RPA), data analytics and AI, which help maximize the business value for clients' investments in Oracle Cloud. The company supports clients in several industries, including transportation, healthcare, manufacturing, retail, mining, oil & gas, utilities and energy, telecommunications & media, financial services, real estate, public sector, and higher education. The majority of Cloudworks' 100 employees are located in Toronto, with additional offices in Calgary, and other locations throughout the United States.

"As organizations across Canada continue to accelerate their technology transformation programs, we anticipate the demand for Oracle solutions to grow significantly," said Jeffrey Russell, president of Accenture in Canada. "By acquiring Cloudworks, we add a highly talented team with industry-specific experience in combining the power of Oracle with the ingenuity of people to unlock new possibilities for clients."