Accenture has agreed to buy systems integration group PCO Innovation in the latest move to improve the consultancy firm’s product lifecycle management (PLM) software.
Neither party would disclose the figure of the acquisition, but the deal follows up on Accenture’s buyout of the Prion Group earlier this month.
Accenture, which recently joined hands with SAP to provide end-to-end applications for clients, said the move would help its clients bring their services and product to the market more efficiently.
Sergio Colella, managing director at Accenture, said clients are more interested in global operating models as the complexity of their products and services increases.
"There is a greater demand to integrate product and service development processes across disciplines from innovation to manufacturing, supply chain and customer service. With the combined capabilities of PCO Innovation and Accenture, we improve our ability to address this fast- growing market which is core to our clients as they build their future offerings," he explained.
Jean-Laurent Poitou, senior managing director, Accenture, added: "Our research shows that PLM can get products into the market faster and more efficiently, increasing the speed of product launches by up to 55 percent and reducing operational and product development costs by 10-30 percent."
