Accenture acquires Toronto-based CloudWorks to expand Oracle footprint in Canada

Accenture has acquired Toronto-based Oracle cloud implementation services provider CloudWorks to deliver Oracle solutions to customers in Canada, the company announced in a July 19 press release that did not disclose the financial terms of the acquisition.

Founded in 2016, Cloudworks provides Oracle cloud-based solutions in enterprise resource planning, enterprise performance management, and human capital management to customers in multiple industries, including Canada and the US. This includes telecommunications and media, the public sector, healthcare and higher education.

“The influence of the CloudWorks team and its experience working with customers in Canada and the US strengthens our entire Oracle business in North America as organizations fast-track their cloud journey and help Oracle Cloud applications create more value and create more value for their customers.” help improve the business experience." We want to make businesses more resilient, said Samia Tarf, Accenture Oracle Business Group Lead for North America in the press release.

According to the Gartner Magic Quadrant for Oracle Cloud Application Services Worldwide, organizations across Canada continue to accelerate their technology transformation programs, and by the end of 2024, "75 percent of Oracle Application Services revenue will be cloud-related as enterprises continue to build their own cloud applications." Grow at speed." Speed up Go to the cloud in response to the COVID-19 pandemic. "

This is Accenture's third Oracle-focused acquisition globally in 2021 and also Accenture Canada's third acquisition in the past year. Accenture Canada acquired Callisto Integration, an Ottawa consultancy focused on public service organizations, in 2020 and Callisto Integration, an Ontario provider of consulting and technology services in digital manufacturing in the food and beverage, chemical, utilities and other industries.

Accenture was recently named a leader in several recent global analyst reports focused on Oracle: IDC Marketscape: Worldwide Supply Chain Oracle Ecosystems 2021 Vendor Assessment and The Forester Wave: Service Provider for Oracle SaaS Business Apps, Q4 2020. Accenture was also named a leader. Gartner Magic Quadrant for Oracle Cloud Application Services worldwide in 2021.