Accenture completed the acquisition of a majority stake in Advocate Networks from Spire Capital.

Accenture, a professional services company, completed the acquisition of a majority stake in Advocate Networks, a technology business management company, from Spire Capital, a private equity firm. Financial terms were not disclosed. "Tim Wise, Scott Fogle and their team led Advocate to achieve extraordinary growth and operational excellence that has positioned the Company as an industry leader in TBM services. The entire Advocate team has contributed to its success; we are proud of their accomplishments and look forward to seeing Advocate accelerate its market position within Accenture. It has been an amazing partnership and they are leading adoption of TBM services in the broader technology market. We wish them continued success as they continue to serve the rapidly changing needs of the technology ecosystem," David Schaible, Spire Capital Partner.