Accenture [NYSE: ACN] Finalizes Acquisition of Cygni

Accenture Plc [NYSE: ACN] disclosed that it has concluded the purchase of Cygni. Cygni has gained popularity for its services to the famous brands of Sweden to bring digital revolution. Since its inception in 2006, it moves forward with the aim to be the best place for competent software developers. Cygni has also got recognition as the ‘The Great Place To Work Foundation’.

Cygni is known for its sophisticated technical software development services and innovative technical solutions. Earlier, on Mach 29, 2021 Accenture has inked an agreement with Cygni for its purchase. The terms and conditions of the agreement between Accenture and Cygni have not been revealed yet.

Shares of Accenture Plc soared 0.73% at +2.12 during the trading session of Wednesday. In the past 52-weeks of the trading session, the share of the firm fluctuates between the low range of $165.71 and a high range of $288.90. The share of the firm skyrocketed 75.44% and 0.63% from its 52-week low and high, respectively. Accenture PLC has a total market capitalization of $192.14 billion at the time of writing.

Acquisition Benefits

This acquisition of Cygni is of great importance for Accenture as a team of nearly 190 software developers will be added to the firm after the purchase. Furthermore, the capabilities of Accenture Cloud First have also enhanced after the buying of Cygni. Accenture Cloud First group brings together unique cloud expertise, industry cloud solutions, ecosystem partner capacities, and assets that assist customers to realize more prominent benefits from the cloud at a rate. It is backed by 70,000 cloud experts and a $3 billion investment over the next three years.