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New Deal


Announced

Accenture to acquire Cygni.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Private

Sweden

software development

Software

Pending

Majority

Cross Border

Friendly

Synopsis

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Accenture, an Irish multinational company selling consulting and processing services, agreed to acquire Cygni, a cloud native full-stack development firm. Financial terms were not disclosed. "Ever since Cygni was founded, we have had the vision to be the best place to work for highly skilled and ambitious software developers, which has been the foundation of our success. Now, it is time for the next chapter in our history. By joining Accenture, our people will get the opportunity to continue to grow even more as an integral part of Accenture Cloud First. Solving huge and challenging problems for local and global clients will create even more opportunities for our people to build their skills and experience," Jon Persson, Cygni Founder and CEO.

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