Accenture To Acquire Bengaluru-Based AI Firm Flutura

Accenture announced on Tuesday that it will acquire Flutura, a Bengaluru-based industrial artificial intelligence company.

According to exchange data, White Field Investment Fund SCPS purchased 1.70 lakh shares in a bulk transaction today at a price of Rs 315.80 per share.

Accenture, headquartered in Ireland, intends to offer Flutura’s capabilities to clients in the energy, chemicals, metals, mining, and pharmaceutical industries.

“Flutura will strengthen Accenture’s industrial AI services to improve plant, refinery, and supply chain performance while also enabling clients to achieve net-zero goals faster”, Accenture said in a statement.

“Flutura democratizes AI for developers. This acquisition will enable industrial AI-led transformation for our clients worldwide, especially in Australia, South-East Asia, Japan, Africa, India, Latin America, and the Middle East”, said Senthil Ramani, senior managing director, and Accenture Applied Intelligence lead for Growth Markets.

Accenture purchased the Japanese data science firm ALBERT last year.

Accenture’s other notable AI acquisitions include Analytics8 in Australia, Sentelis in France, Bridgei2i and Byte Prophecy in India, Pragsis Bidoop in Spain, Mudano in the United Kingdom, and Clarity Insights in the United States.

Flutura employs about 110 people who specialize in industrial data science services for factories and other asset-intensive businesses.

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