Accenture set to acquire Japan-based Aidemy to boost AI business

[Facade of the French headquarters of Accenture, Paris, France]
HJBC

Tech consulting firm Accenture (NYSE:ACN [https://seekingalpha.com/symbol/ACN]) said early on Tuesday that it will acquire Japan-based Aidemy to boost its artificial intelligence business.

Accenture said it had completed its tender offer for Aidemy, which traded on the Tokyo Stock Exchange Growth Market. Following the close of the deal, Aidemy will delist from the exchange. Aidemy will be integrated into Accenture's LearnVantage unit, which helps the company's clients identify and fill skill gaps in their businesses, particularly in areas like generative AI. The acquisition will also boost Accenture's ability to provide end-to-end AI support for its clients.

“There is a growing demand among companies to rapidly drive comprehensive total enterprise reinvention utilizing cutting edge technologies, including generative AI,” Atsushi Egawa, CEO, Accenture, Japan, and co-CEO, Asia-Pacific, said in a statement [https://seekingalpha.com/pr/20248199-accenture-to-acquire-aidemy-after-completing-tender-offer]. “To ensure the success of such transformations, it is essential not only to redefine ways of working and skills based on digital and AI utilization, but also to focus on talent development and redeployment. By combining the strengths of Aidemy group and Accenture, we can support enhancing competitiveness and sustainable growth by maximizing the potential of our clients’ workforces.”

“Aidemy group has over its history provided end-to-end support across the AI and DX domains in fields ranging from education to development and implementation, thereby helping to drive corporate transformation,” Akihiko Ishikawa, President, Aidemy added. “We are confident that joining Accenture will enable us to further expand our expertise in talent development and our technical capabilities for AI system development.”

Accenture shares were little changed in premarket trading on Tuesday.

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