Accenture Acquires Byte Prophecy to Grow Enterprise-Scale AI, Digital Analytics Solutions; Piyush Singh, Athina Kanioura, Mrugank Parikh Quoted

Athina Kanioura
Athina Kanioura

Accenture has acquired Byte Prophecy, an automated insights and big data analytics company based in Ahmedabad, India, to meet the growing demand for enterprise-scale AI and digital analytics solutions across the region, the company reported on Monday. Financial terms of the acquisition were not disclosed.

“Beyond advanced technology capabilities, Accenture brings our clients a co-innovation mindset, and in Byte Prophecy we found a partner with the right mix of technology and consulting skills, and a client-centric innovation culture,” said Piyush N. Singh, Accenture’s market unit lead for India and sales lead for Growth Markets.

Accenture’s acquisition will add nearly 50 data science and data engineering experts that specifically focus on insight automation to the company’s Applied Intelligence. The purchase will expand Accenture’s consulting and technology capabilities to assist the company’s customers with data foundations and advanced analytics.

“Our team has already been working with Byte Prophecy over the past two years, and together we’ve helped clients build the strong data foundations that are the cornerstone for successful AI adoption,” said Athina Kanioura, Accenture’s chief analytics officer and global lead for Applied Intelligence. “Officially making Byte Prophecy’s people and capabilities part of Accenture is a testament to the shared vision of shared success we’ve seen in our joint efforts.”

Founded in 2011, Byte Prophecy has worked closely with Accenture Ventures since 2018 on open innovation efforts, collaborating and co-innovating with Accenture and its clients in Asia Pacific on advanced data and analytics projects.

“The opportunity to become part of Accenture Applied Intelligence will enable us to jointly build stronger assets and expand our services to more clients in the emerging markets. We are excited about our journey ahead and are looking forward to exploring the wide opportunities this union will bring to our people and clients,”  said Mrugank Parikh, co-founder, Byte Prophecy.

Accenture’s acquisition will deliver on existing and emerging client needs with speed and scale. Over the past year the company has made Applied Intelligence acquisitions in Australia, Spain, North America and the U.K. to enhance its portfolio of technologies and help clients across those markets scale AI.

In addition to the company’s acquisition of Byte Prophecy, Accenture acquired Pragsis Bidoop, a Spanish company with strong expertise in big data, artificial intelligence and advanced analytics in Sept. 2019 to boost the company’s portfolio and capabilities in those areas.

The acquisition will add more than 200 employees with deep machine learning, AI and big data engineering experience, along with its portfolio of end-to-end solutions to Accenture’s Applied Intelligence business.

Accenture Applied Intelligence employs more than 20,000 professionals, working to help clients scale AI, including 6,000 data scientists, data engineers and AI professionals worldwide. It has received several recognition from leading industry analyst firms in the past six months, including being named a worldwide leader in AI vendor services by IDC and ranking first in Google AI services by HfS.

About Accenture

Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. 

With 509,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises.

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