Accenture to Acquire Swedish cloud solution developer Cygni

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The move signals Accenture’s increasing focus on “cloud first” strategies

The COVID-19 pandemic has caused a wave of new acquisitions. Established companies seek to buy the technology they need to capitalize on the mass migration to cloud computing. As part of this trend, Accenture announced this week that it is buying Cygni, a software development company. Cygni specializes in cloud native full-stack software solutions.

Founded in 2006, Cygni has approximately 190 developers in several offices in both Sweden and the Netherlands. They provide a range of IT consulting and implementation services across the complete technology stack, including serverless and cloud.

Using cloud services to drive digital transformation

Cygni has significant experience across multiple industry sectors and in digital-led projects for the national government, according to Accenture. This experience has allowed it to help some of the country’s most recognized brands to transform digitally, they say. They also believe the Swedish company will further enhance the global capabilities of Accenture Cloud First.

 “Today, there is no business leadership without technology leadership. Companies who use technology to master change will define the future,” said Karthik Narain, global lead of Accenture Cloud First. “Having Cygni’s talented team join Accenture Cloud First strengthens our ability to help clients use the cloud and technology innovation to act faster, operate sustainably, and deliver exceptional new experiences. Our new Cygni colleagues bring key skills to help clients master change in an era of compressed transformation.”

Jon Persson, CEO and founder at Cygni, said, “Ever since Cygni was founded, we have had the vision to be the best place to work for highly skilled and ambitious software developers, which has been the foundation of our success. Now, it is time for the next chapter in our history.”

Solving “huge and challenging problems”

“By joining Accenture, our people will get the opportunity to continue to grow even more as an integral part of Accenture Cloud First, Persson added. “Solving huge and challenging problems for local and global clients will create even more opportunities for our people to build their skills and experience.”