Investment Summary

Accenture Invests In Turbine

On May 16, 2024, Accenture invested in information technology company Turbine

Investment Highlights
  • This is Accenture’s 144th transaction in the Information Technology sector.
  • This is Accenture’s 2nd transaction in Hungary.

Investment Summary
Date 2024-05-16
Target Turbine
Sector Information Technology
Investor(s) Accenture
Deal Type Growth Capital

Target

Turbine

Budapest, Hungary
Turbine is a predictive simulation company using its core technology, the Simulated Cell platform, which utilizes machine learning to understand how human cells make decisions. The platform intricately models molecular interactions within and around cells, enabling virtual experiments in volumes that are nearly impossible to achieve in the physical world and revealing mechanisms that drive diseases and responses to therapies. Turbine is based in Budapest, Hungary.

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Investor(S) 1

Investor

Accenture

Dublin, Ireland
Category Company
Founded 1951
Sector Business Services
Employees750,000
Revenue 64.1B USD (2023)
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 319 of 329
Sector (Information Technology) 144 of 148
Type (Growth Capital) 3 of 3
Country (Hungary) 2 of 2
Year (2024) 18 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-16 Openstream

Tokyo, Japan

Openstream uses AI, IoT, cloud, and big data to design, develop, operate, and maintain information systems and services to solve problems. Openstream is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Partners in Performance

Bryanston, South Africa

Partners in Performance is a global strategy consulting firm that works on business performance improvement in asset-intensive industries leveraging data and AI capabilities. Partners in Performance is based in Bryanston, South Africa.

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