Accenture (ACN) to Buy OPENSTREAM HOLDINGS & Its Subsidiaries

Group 1 - Accenture plc plans to acquire OPENSTREAM HOLDINGS and its subsidiaries, Open Stream and Neutral, with financial terms undisclosed [1] - Open Stream specializes in consulting and systems integration services, focusing on AI, cloud, IoT, and cybersecurity for retail and logistics, employing a team of 600 [1] - Neutral focuses on system integration in automotive and manufacturing, with a team of 400, excelling in manufacturing management and AI-powered tools [1] Group 2 - The acquisition is expected to enhance Accenture's capabilities in AI, cloud, smart logistics, retail, and manufacturing, providing a robust client portfolio and comprehensive automation solutions [2] - This move aligns with Accenture's strategy to invest in high-growth areas and emerging technologies, responding to the rising demand for sophisticated conversational AI solutions [2]