Accenture buys Swedish software development house Cygni

30 March 2021 2 min. read

In its eleventh deal in 2021, Accenture has acquired Swedish IT services house Cygni, adding a team of approximately 190 developers to its organisations in Sweden and the Netherlands. 

Following the launch of its Cloud First group last year, Accenture announced it would pump to the tune of $3 billion between 2020 and 2023 to rapidly expand its cloud service capabilities and offerings. The group is now 70,000-strong globally, but aims to more than double in size in the coming three years, said Karthik Narain, global lead of Accenture Cloud First.

Turning to mergers & acquisitions to accelerate growth is a second nature for Accenture, having closed over 100 deals in the past five years alone. Sweden’s Cygni is the next in line. Founded in 2006, Cygni supports its clients across multiple industry sectors with IT consulting and implementation services across the complete technology stack, including serverless and cloud. 

Cygni sluit zich aan bij Accenture in Zweden en Nederland

“Having Cygni’s talented team join Accenture Cloud First strengthens our ability to help clients use the cloud and technology innovation to act faster, operate sustainably, and deliver exceptional new experiences. Our new Cygni colleagues bring key skills to help clients master change in an era of compressed transformation,” said Narain.

The company’s team based in Stockholm, Gothenburg, Linkoping, Malmoe, Lulea, Ostersund (all in Sweden) and Amsterdam (the Netherlands) will join Accenture’s Cloud Infrastructure & Engineering division. Joel Hofgren, who leads this arm in Sweden said, “Cygni brings deep technical and software development skills, we are delighted to welcome them.” 

For Jon Persson, the founder and CEO of Cygni, the decision to join the global giant is rooted in the firm’s ambition to “take things to the next level.” He elaborated, “By joining Accenture, our people will get the opportunity to continue to grow – by solving huge and challenging problems for local and global clients.”

In Europe, Accenture last week acquired fable+, a 50-strong people consultancy with offices in Mannheim and Berlin.