August 20, 2021

Microsoft announced Wednesday that it has acquired Accenture Inc. for an undisclosed amount.

The acquisition of the Boston-based company will result in Accenture providing services to Microsoft’s cloud computing business.

Microsoft said in a statement that it will help Accenture “accelerate the growth and development of its cloud services.”

Accenture, based in San Francisco, specializes in helping businesses, governments and government agencies analyze and manage data in real time, with a focus on analytics and data analysis.

Accenture was founded in 2008 by two engineers who have worked at IBM for decades.

The company provides cloud computing solutions for the health care industry, including health care data analytics and predictive analytics, and provides services for data warehousing and analytics, the company said.

Accenture has offices in New York, Seattle and Washington, D.C.

Microsoft is the latest tech company to acquire a tech company.

Amazon acquired the Seattle-based Amazon Web Services earlier this year.

And Apple Inc. purchased rival Salesforce.com earlier this month.

The news of the Microsoft acquisition comes on the heels of a $3 billion stock buyback last week that the company announced.

Microsoft, which has been investing heavily in the cloud, is also adding more data centers, and is preparing to expand into new areas, like the health and life sciences, as it looks to expand its cloud computing businesses.