Accenture will acquire product lifecycle management (PLM) software firm PCO Innovation.
Financial details were not disclosed.
The acquisition is expected to strengthen Accenture’s ability to help clients organize, develop and manage new products and services throughout their lifecycle and bring them to market.
Accenture says PCO Innovation offers PLM strategy and process consultancy, application architecture, system implementation, data migration and application management. Its professionals specialize in delivering PLM platforms including Dassault Systèmes, PTC and Siemens PLM.
The acquisition complements Accenture’s capabilities and services it provides clients in the design, building and management of systems and processes essential to driving their large-scale PLM transformation programs.
Sergio Colella, managing director, Accenture, said the company is buying PCO Innovation because there is a demand to integrate product and service development processes across disciplines from innovation to manufacturing, supply chain and customer service.
The combined PCO Innovation and Accenture can improve ability to address the market better and improve client offerings better.
Accenture has on a buying spree in the PLM space. Accenture acquired PRION Group, a company also specializing in the delivery of PLM services.
With the addition of capabilities of PCO Innovation and PRION Group, Accenture has expanded its ability to help automotive, aerospace and defense, consumer goods, electronics and industrial equipment clients improve the critical processes.
Jean-Laurent Poitou, senior managing director, Accenture, said PLM can get products into the market faster and more efficiently, increasing the speed of product launches by up to 55 percent and reducing operational and product development costs by 10–30 percent. PLM is a critical lever for manufacturing companies to create profitable and sustainable business opportunities in customer service.