IT outsourcing company Accenture has acquired Axia, a U.S.-based strategy consulting services provider.
The strategy of Accenture is to enhance its capabilities to assist clients to improve competitiveness by delivering growth through strategic cost management and organizational agility.
Axia provides strategies and implementation support to become more competitive by addressing their growth and cost challenges. Axia has experience in areas including growth, go-to-market models, operational excellence, performance management and M&A strategies, said Accenture in a statement.
Mark Knickrehm, group chief executive, Accenture Strategy, said: “Axia’s capabilities in improving competitiveness and the strengths of Accenture Strategy in transformation of enterprises will reinforce our relevance to clients and allow us to seize a greater share of that growing market.”
Accenture did not disclose the terms of the acquisition of Axia that has client base in industry verticals such as life sciences, healthcare and consumer goods sectors. Axia will be expanding its client base and industry focus areas.
“Axia’s reputation for creating customized and actionable strategies and supporting clients through successful implementations complements the leadership position of Accenture Strategy in shaping and executing large-scale change,” said Bill Theofilou, CEO and founder of Axia.