Accenture recently entered into an agreement to acquire Nytec, a U.S.-based product innovation and engineering company.
Financial terms of the transaction were not disclosed. Nytec is headquartered in Kirkland, Washington and has a team of 250.
After closing, Nytec will become part of Accenture Industry X.0, which focuses on creating new types of products, services and experiences, and better ways to design, engineer, manufacture, operate and support them across their entire lifecycle, Accenture said.
Nytec will expand Accenture Industry X.0’s ability to innovate connected, internet-of-thing-enabled experiences for clients, the company added.
Accenture said that Nytec will add expertise in software platform development and engineering to its Accenture Industry X.0, which is required in order to build the underlying IoT infrastructure and systems for connected experiences, particularly for clients in the consumer tech, industrial high tech, hospitality, travel, and consumer goods and services industries.
Nytec operates an end-to-end LEED Platinum-certified Product Innovation Center (PIC) in Kirkland, where it offers design, prototype development, engineering and support services for manufacturing. Accenture is planning to expand the PIC and bring it into its network of Forges, which is part of its global Industry X.0 Innovation Network of more than 20 facilities.
Accenture highlighted that its Forge network “combines startup thinking with rapid prototyping to co-develop new products and services with clients and bring them to market quickly.”
“Our ambition is to become a key partner for clients wanting to transform their business through innovation that is coming from the fusion of software, physical products and connectivity,” said Craig McNeil, Accenture Industry X.0 lead, North America. “We’ve been building the skillset to deliver on this ambition, in part through our acquisitions of hardware engineering company Mindtribe and embedded software development firm Pillar Technology, and with Nytec we will continue to expand it.”
“Our designers, engineers, and manufacturing experts translate complex problems into compelling, simple solutions that deliver the ultimate user experience,” said Rich Lerz, CEO of Nytec. “Becoming part of Accenture Industry X.0 will allow our team to scale services for our clients and get access to the best brands in the world.”
Shiv has over 8 years experience working on Internet of Things and an avid user of Drones