Accenture acquires Schaumburg company

Accenture has acquired Kogentix, a Schaumburg company providing big data and AI services and solutions.

Kogentix will strengthen Accenture Applied Intelligence's growing data engineering business, particularly in North America, as companies are increasingly looking to harness open source big data and advanced analytics technologies to identify revenue growth and cost reduction opportunities across the enterprise, according to a company statement.

Companies using these technologies can drive business insights from huge data sets much faster. Kogentix, founded in 2015, has a team of nearly 220 big data engineers, data scientists, machine learning engineers and software developers. In addition to its Schaumburg headquarters, Kogentix has offices in Pleasanton, California; Hyderabad and Bangalore India; Singapore and Indonesia. Its clients include technology, high-tech, healthcare, consumer goods, and financial services companies.

Kogentix offers a range of assets to move long-standing applications to technologies such as Hadoop, Spark and Python, which can analyze larger volumes of data with more speed and processing efficiency. Additionally, transitioning legacy analytics applications to these technologies will allow companies to reduce licensing costs and recruit from a wider pool of data talent, as the new and growing generation of data scientists and engineers is trained on these platforms.

Narendra Mulani, chief analytics officer at Accenture Applied Intelligence, said, "Open source big data platforms and artificial intelligence are offering companies more opportunities than ever to become data-driven, intelligent enterprises. But marrying these new technologies with their old analytics world is becoming a key challenge for them. With Kogentix's assets and highly skilled team of big data and AI professionals, we are even better positioned to help clients realize the value of open source analytics platforms and embed new intelligence at the core of their businesses."

Boyd Davis, CEO and co-founder of Kogentix, said, "We founded Kogentix because we knew that big data and machine learning would play a critical role in transforming enterprises. The opportunity to leverage data for better business outcomes has never been this exciting. Becoming part of Accenture Applied Intelligence will allow us to seize a greater share of this market. We're excited by the scale and scope of projects that will open up to us, as well as the long-term career and growth opportunities for our team."

Davis and the other co-founders, Sanjay Gogia, Jai Malhotra and Krishna Nimmagadda will continue to play key roles in leading the business.