Accenture to Purchase Industrial AI Corporation Flutura
BANGALORE, India Mar. 21, 2023 – Accenture (NYSE: ACN) has agreed to acquire industrial artificial intelligence (AI) corporation Flutura, headquartered in Bangalore, India. Flutura will bolster Accenture’s industrial AI solutions to maximize the efficiency of vegetation, refineries, and provide chains while also enabling clientele to complete their web zero plans speedier. Accenture plans to bring Flutura’s capabilities to customers in the vitality, chemical substances, metals, mining, and pharmaceutical industries. Terms of this deal ended up not disclosed.
Flutura’s approximately 110 gurus focus in industrial data science products and services for manufacturers and other asset-intensive providers. Its AI platform offers self-assistance solutions for advanced analytics. The remedies support approach, asset management and reliability engineering groups evaluate, forecast, and increase the asset general performance, dependability, throughput and electrical power effectiveness outcomes of output and production facilities. Industrial engineers and facts scientists can also quickly create electronic designs of industrial property on Flutura’s AI system, which procedures details from disparate IT and functions technological innovation methods.
Senthil Ramani, senior controlling director and Accenture Applied Intelligence lead for Advancement Markets, mentioned: “Flutura democratizes AI for engineers, enabling manufacturing and other asset-intensive corporations with the carbon intelligence to lower emissions, electricity use and missing output thanks to unplanned downtime of industrial belongings. This acquisition will electric power industrial AI-led transformation for our purchasers globally and notably in Australia, South-East Asia, Japan, Africa, India, Latin The usa and the Middle East.”
Krishnan Raman, chief govt officer at Flutura, added: “Our AI platform permits engineers to react with agility to everchanging marketplace and working problems. We seem forward to scaling this as portion of Accenture and serving to additional industrial customers accomplish high-benefit outcomes in their generation functions.”
Businesses need to have potent AI capabilities to build a digital core and grow to be extra successful, according to study Accenture introduced at the 2023 Environment Economic Discussion board in Davos. Yet another Accenture research observed that most businesses are not very AI-experienced and have scarcely scratched the surface of the technology’s possible.
With Flutura, Accenture carries on to build its facts and AI capabilities for clientele. Very last 12 months, it acquired knowledge science enterprise ALBERT in Japan. Other modern AI acquisitions include things like Analytics8 in Australia Sentelis in France Bridgei2i and Byte Prophecy in India Pragsis Bidoop in Spain Mudano in the United kingdom and Clarity Insights, Finish-to-Close Analytics and Core Contend in the US.
Completion of the acquisition is matter to customary closing problems.
About Accenture

Accenture is a major world wide qualified solutions company that will help the world’s major businesses, governments and other businesses create their electronic main, optimize their functions, speed up income development, and boost citizen services—creating tangible price at velocity and scale. We are a expertise and innovation led organization with 738,000 people today serving clients in far more than 120 nations around the world. Technology is at the core of change currently, and we are 1 of the world’s leaders in encouraging drive that modify, with strong ecosystem associations. We blend our power in technology with unmatched field practical experience, purposeful experience and world-wide shipping functionality. We are uniquely capable to produce tangible outcomes mainly because of our wide selection of solutions, solutions and property throughout System & Consulting, Engineering, Functions, Marketplace X and Accenture Music. These abilities, jointly with our tradition of shared achievement and dedication to making 360° price, permit us to aid our consumers triumph and make trusted, long lasting associations. We measure our good results by the 360° worth we create for our clients, each individual other, our shareholders, partners, and communities. Visit us at www.accenture.com.
Forward-Looking Statements
Besides for the historic info and discussions contained herein, statements in this news launch could constitute ahead-searching statements within just the which means of the Personal Securities Litigation Reform Act of 1995. Words and phrases these as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and related expressions are used to identify these ahead-searching statements. These statements are not assures of future effectiveness nor claims that aims or targets will be fulfilled, and involve a variety of dangers, uncertainties and other aspects that are difficult to forecast and could cause genuine outcomes to differ materially from people expressed or implied. These dangers incorporate, devoid of limitation, challenges that: Accenture and Flutura will not be capable to near the transaction in the time period of time anticipated, or at all, which is dependent on the parties’ capability to satisfy selected closing problems the transaction may well not obtain the expected gains for Accenture Accenture’s effects of functions have been, and could in the upcoming be, adversely influenced by risky, destructive or unsure economic and political problems and the effects of these circumstances on the company’s clients’ companies and degrees of small business exercise Accenture’s enterprise is dependent on producing and sustaining shopper demand from customers for the company’s providers and answers which include through the adaptation and growth of its services and answers in reaction to ongoing improvements in technology and choices, and a considerable reduction in this kind of need or an incapability to react to the evolving technological atmosphere could materially have an impact on the company’s outcomes of functions if Accenture is not able to match people today and their skills with client demand all around the globe and appeal to and retain specialists with solid management abilities, the company’s company, the utilization charge of the company’s professionals and the company’s effects of functions could be materially adversely influenced Accenture faces legal, reputational and monetary hazards from any failure to safeguard shopper and/or organization knowledge from safety incidents or cyberattacks the marketplaces in which Accenture operates are really competitive, and Accenture may well not be able to compete effectively Accenture’s capacity to attract and retain company and workforce may depend on its status in the marketplace Accenture’s environmental, social and governance (ESG) commitments and disclosures may perhaps expose it to reputational threats and authorized liability if Accenture does not properly manage and create its associations with important ecosystem partners or fails to anticipate and create new alliances in new technologies, the company’s final results of functions could be adversely impacted Accenture’s profitability could materially suffer if the enterprise is not able to receive favorable pricing for its companies and answers, if the business is unable to stay competitive, if its cost-administration methods are unsuccessful or if it encounters supply inefficiencies or fail to satisfy sure agreed-on targets or unique provider concentrations modifications in Accenture’s level of taxes, as properly as audits, investigations and tax proceedings, or modifications in tax legislation or in their interpretation or enforcement, could have a product adverse influence on the company’s productive tax amount, final results of operations, money flows and money issue Accenture’s outcomes of operations could be materially adversely impacted by fluctuations in overseas currency exchange premiums changes to accounting benchmarks or in the estimates and assumptions Accenture helps make in relationship with the planning of its consolidated money statements could adversely have an affect on its monetary final results as a consequence of Accenture’s geographically various functions and technique to continue on to mature in crucial marketplaces all over the world, the company is additional inclined to particular pitfalls if Accenture is not able to manage the organizational issues involved with its size, the company might be unable to attain its organization aims Accenture could possibly not be productive at attaining, investing in or integrating organizations, entering into joint ventures or divesting corporations Accenture’s organization could be materially adversely affected if the firm incurs authorized liability Accenture’s world operations expose the firm to a lot of and often conflicting legal and regulatory requirements Accenture’s do the job with federal government shoppers exposes the firm to further dangers inherent in the governing administration contracting atmosphere if Accenture is unable to defend or enforce its mental residence legal rights or if Accenture’s expert services or solutions infringe on the intellectual house rights of others or the organization loses its capability to benefit from the mental property of other people, its company could be adversely afflicted Accenture could be subject to criticism and unfavorable publicity associated to its incorporation in Ireland as well as the risks, uncertainties and other components mentioned less than the “Risk Factors” heading in Accenture plc’s most latest Yearly Report on Variety 10-K and other documents filed with or furnished to the Securities and Trade Commission. Statements in this news release converse only as of the date they had been designed, and Accenture undertakes no responsibility to update any ahead-looking statements built in this information release or to conform these types of statements to actual outcomes or alterations in Accenture’s anticipations.
# # #
Contacts:
Jens Derksen
Accenture
+49 175 5716393
[email protected]
Liza Saha
Accenture India
+919871966466
[email protected]
Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are emblems of Accenture.
url
