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New Deal


Announced

Completed

Accenture completed the acquisition of Cloudworks.

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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Single Bidder

digital solutions

Acquisition

Cross Border

Private

Friendly

Canada

Digital Services

Majority

Completed

Synopsis

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Accenture, an Irish-domiciled multinational company that provides consulting and professional services, completed the acquisition of Cloudworks, a Toronto-based Oracle Cloud implementation service provider across North America. Financial terms were not disclosed. "As organizations across Canada continue to accelerate their technology transformation programs, we anticipate the demand for Oracle solutions to grow significantly. By acquiring Cloudworks, we add a highly talented team with industry-specific experience in combining the power of Oracle with the ingenuity of people to unlock new possibilities for clients," Jeffrey Russell, Accenture President.

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