Accenture to acquire Bengaluru-based AI firm Flutura
According to exchange data, White Field Investment Fund SCPS bought 1.70 lakh shares via a bulk deal today, the transaction was executed at Rs 315.80 apiece.
IT services and consulting firm Accenture on Tuesday said it will acquire Bengaluru-based industrial artificial intelligence company Flutura. The deal size was not disclosed.
Flutura has approximately 110 professionals who specialize in industrial data science services for manufacturers and other asset-intensive companies.
"Flutura will strengthen Accenture's industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net-zero goals faster," Accenture said in a statement.
Ireland-based Accenture plans to bring Flutura's capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical industries.
"Flutura democratizes AI for engineers. This acquisition will power industrial AI-led transformation for our clients globally and particularly in Australia, South-East Asia, Japan, Africa, India, Latin
America and the Middle East," Senthil Ramani, senior managing director and Accenture Applied Intelligence lead for Growth Markets, said.
Last year, Accenture acquired data science company ALBERT in Japan.
Other recent AI acquisitions of Accenture include Analytics8 in Australia, Sentelis in France, Bridgei2i and Byte Prophecy in India, Pragsis Bidoop in Spain Mudano in the UK and Clarity Insights in the US.
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