Accenture (NYSE: ACN) has announced the acquisition of CLIMB, a renowned technology services provider known for its system integration, IT infrastructure management, and operations.
This acquisition is set to fortify Accenture’s presence in the Gunma Prefecture, Japan, and add significant expertise to its global operations.
CLIMB, established in 1989 in Maebashi City, has carved a niche for itself by offering specialized services in core banking development, mission-critical systems, and IT infrastructure management. The company’s proficiency is expected to expedite the modernization of applications and infrastructure for financial institutions and government agencies, propelling them towards digital transformation.
The integration of CLIMB’s approximately 200 skilled engineers, who are adept in cloud and security technologies, into Accenture Technology will not only enhance Accenture’s service capabilities but also contribute to the revitalization of the local Information Communication Technology (ICT) industry.
While the terms of the transaction remain undisclosed, the completion of the acquisition hinges on the satisfaction of customary closing conditions. This acquisition underscores Accenture’s commitment to driving technological change and delivering on its promise of making lives better through ICT, aligning with CLIMB’s long-standing mission of societal convenience and global happiness.
“There are many talented engineers in regional areas of Japan who are leading digital transformation work,” said Atsushi Egawa who leads Accenture’s business in Japan.
“Providing opportunities for these individuals to shine on the global stage will help elevate their skills to new heights, while at the same time revitalizing the local economy.
With a clear trend of people and businesses returning to the domestic market, the vibrant growth of local communities is essential for the sustainable development of Japan.
Adding the CLIMB team, who take an innovative and exemplary approach especially to the financial industry, demonstrates how we continue to invest in Japan. We are planting more local roots through our team’s high value work in local communities.”
Oramu Kanai, CLIMB’s President, stated, “CLIMB’s most important management principle is ‘maximizing employee happiness.’ Only when every employee is happy can we provide rewarding work and value-added services to our clients.
By joining Accenture, our people will have unprecedented growth and exposure opportunities. With Accenture’s unique ability to resolve issues faced by clients and society with a holistic approach, we will be able to maximize the happiness of our people who, in turn, will contribute to the further enhancement of the ICT industry in the region.”