M&A Deal Summary

Accenture Acquires Fairway Technologies

On August 27, 2019, Accenture acquired software company Fairway Technologies

Acquisition Highlights
  • This is Accenture’s 28th transaction in the Software sector.
  • This is Accenture’s 72nd transaction in the United States.
  • This is Accenture’s 16th transaction in California.

M&A Deal Summary

Date 2019-08-27
Target Fairway Technologies
Sector Software
Buyer(s) Accenture
Deal Type Add-on Acquisition

Target

Fairway Technologies

La Jolla, California, United States
Fairway Technologies is a premier provider of expert technology consulting and software development services that help leading firms convert requirements into top-quality results. Fairway’s unique business model successfully delivers the high-end technology resources needed to solve tough problems, without the frustration and costly overhead typically associated with large enterprise or staffing agencies. Headquartered in La Jolla, California, Fairway Technologies boasts a dramatically high referral and retention rate and thrives on helping mid-size and enterprise organizations reduce risk, gain competitive advantage, and ensure project success.

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Buyer(S) 1

Buyer

Accenture

Dublin, Ireland

Category Company
Founded 1951
Sector Business Services
Employees791,000
Revenue 64.9B USD (2024)
DESCRIPTION

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Accenture was founded in 1951 and is based in Dublin, Ireland.


DEAL STATS #
Overall 156 of 357
Sector: Software M&A 28 of 39
Type: Add-on Acquisition M&A Deals 135 of 312
State: California M&A 16 of 32
Country: United States M&A 72 of 134
Year: 2019 M&A 17 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Parker Fitzgerald

London, United Kingdom

Parker Fitzgerald is an award-winning strategic advisor and consulting partner to the world’s major financial institutions. Parker Fitzgerald global network of senior industry practitioners, technical experts, and change specialists is trusted by the leaders of the world’s largest financial institutions, regulatory authorities and government agencies. Parker Fitzgerald is experts in all areas of financial and non-financial risk, regulation and financial technology. Parker Fitzgerald provides strategic advice, independent assurance, and market-leading solutions to help clients navigate their most critical issues, reduce complexity and improve their overall risk-adjusted-performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Pragsis Bidoop

Madrid, Spain

Pragsis Bidoop is a provider of deep machine learning, artificial intelligence, and big data engineering experience. The company specializes in service provisioning for corporations in a range of industries, from banking and insurance to retail, energy, railway, public sector and pharma. Pragsis Bidoop was founded in 2004 and is based in Madrid, Spain.

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