Accenture has confirmed that it has entered into an agreement to acquire Washington-based Nytec, a product innovation, and engineering company. Nytec, founded in 1975 offers industrial solutions, consumer technologies and travel solutions among other products.
Nytec was expected to be part of Accenture Industry X.0 and together they will be able to boost the digital reinvention of businesses. The new union was expected to enhance Accenture’s ability to innovate connected, Internet-of-Things (IoT)-enabled experiences for customers. They plan to develop new products, services, and experiences. Both Accenture and Nytec have expertise in this segment. Nytec is an Innovation Partner for IoT Equipment Design and Engineering for Carnival Corporation’s Ocean Medallion guest experience transformation. On the other hand, Accenture has been named Premier Innovation Partner for Carnival Corporation’s Global Experience and Innovation Team.
To Help Transform Business Through Innovation
“Our ambition is to become a key partner for clients wanting to transform their business through innovation that is coming from the fusion of software, physical products, and connectivity,” said Craig McNeil, Managing Director of North America Industry X.0 and Global Product X.0 at Accenture.
“We’ve been building the skillset to deliver on this ambition, in part through our acquisitions of hardware engineering company Mindtribe and embedded software development firm Pillar Technology, and with Nytec we will continue to expand it,” he added.
In the future, Nytec will add deep expertise in software platform development and engineering to Accenture Industry X.0. This is crucial in building the underlying IoT infrastructure and systems for connected experiences. The benefit will be that of clients in the consumer tech, industrial tech, hospitality, travel, and consumer goods industries.
“Becoming part of Accenture Industry X.0 will allow our team to scale services for our clients and get access to the best brands in the world,” said Rich Lerz, CEO of Nytec.
Accenture Industry X.0 had recently acquired a product design and innovation company Altitude, a strategic design consultancy named Designaffairs and Zielpuls, a German technology consultancy.