Accenture to acquire Wellington’s IT firm Solnet to boost cloud services By Investing.com

<p> <br />
</p>
<div>
<div>
<img decoding="async" alt="Accenture to acquire Wellington's IT firm Solnet to boost cloud services" id="carouselImage" src="https://i-invdn-com.investing.com/news/moved_LYNXNPEI2G0HQ_L.jpg" style="visibility:hidden" /><br />
<span>© Reuters </span><br />
<i class="imgGrad"/>
</div>
<p>WELLINGTON – In a strategic move to enhance its cloud and infrastructure engineering capabilities in New Zealand, global consulting giant Accenture (NYSE:) has announced its intent to acquire Solnet, a Wellington-based IT services provider. The acquisition, part of Accenture’s aggressive expansion in cloud services, will see Solnet’s team of over 100 technologists join Accenture’s ranks, bolstering its presence in the region.</p>
<p>Solnet, founded in 2003, specializes in digital transformation services for sectors including government and financial services. The company is recognized for its robust solution design and delivery expertise. The deal comes on the heels of Accenture’s 20th anniversary eve celebration and three years after its notable purchase of SAP specialist Zag, which significantly increased its New Zealand revenues.</p>
<p>Peter Burns, CEO of Accenture A/NZ, praised Solnet’s capabilities, which he believes will be instrumental in future-proofing clients’ technology systems and supporting their growth objectives. Andy Tay, who leads Accenture’s Cloud First practice, expressed confidence that the addition of Solnet will accelerate digitalization and resilience among New Zealand organizations.</p>
<p>Mark Botherway, Solnet’s managing director, conveyed optimism regarding the acquisition. He assured clients that the quality of service and personalized experience they have come to expect from Solnet would continue while providing global growth opportunities for their team. Botherway also highlighted the importance of combining global strength with local roots to advance critical business goals.</p>
<p>This acquisition is part of a larger trend observed in the regional cloud market. For instance, Telstra (OTC:) recently invested $267 million in Versent, demonstrating the thriving nature of cloud services in the area. Earlier this year, Accenture expanded its cloud portfolio with the $45 million purchase of Zap and Bourne Digital, which has now officially merged with Accenture’s Australian operations.</p>
<p>The financial terms of the Solnet acquisition have not been disclosed. However, this move is expected to further cement Accenture’s position as a leader in cloud services across Australia and New Zealand.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
</div>
<p><br />
<br /><a href="https://www.investing.com/news/stock-market-news/accenture-to-acquire-wellingtons-it-firm-solnet-to-boost-cloud-services-93CH-3237175">Source link </a></p><p>The post <a href="https://forextraderhub.com/accenture-to-acquire-wellingtons-it-firm-solnet-to-boost-cloud-services-by-investing-com.html">Accenture to acquire Wellington’s IT firm Solnet to boost cloud services By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>