BDA advises BRIDGEi2i on its sale to Accenture
Acquired by Accenture
BDA Partners is pleased to announce that its client, BRIDGEi2i Analytics Solutions Pvt Ltd, has agreed to be acquired by Accenture (NYSE: ACN).
Founded in 2011, BRIDGEi2i is an artificial intelligence and analytics firm headquartered in Bangalore, India with additional offices in the US and Australia. BRIDGEi2i specializes in data-driven digital transformation for companies across sectors and global markets by combining data engineering, advanced analytics, proprietary AI accelerators and consulting services. It helps enterprises drive wider consumption of insights, and faster and more accurate decision making, enabling faster time to value.
BDA was the exclusive financial advisor to BRIDGEi2i and its shareholders. Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.
Accenture is a global professional services company, with key expertise in digital, cloud and security. The acquisition will add more than 700 skilled professionals to Accenture’s Applied Intelligence practice, strengthening and scaling up its global capabilities in data science, machine learning, and AI-powered insights. As part of Accenture’s Applied Intelligence business, BRIDGEi2i will have access to a global growth ecosystem that includes a global alliance, innovation and delivery network that can deploy and scale AI within any market and industry. BRIDGEi2i’s founders will join Accenture as senior leaders in Accenture’s Applied Intelligence group.
“The digital enterprise of the future is being reimagined today with AI. At BRIDGEi2i, we believe in diving into the heart of business challenges and driving transformation in its truest sense for our clients by combining our AI capabilities with our digital consulting expertise,” said Prithvijit Roy, Chief Executive Officer and Co-Founder, BRIDGEi2i. “We are excited to join Accenture and believe that our people and approach will complement their capabilities and help us scale up our impact across industries. We are happy to have partnered with BDA, who acted as an exclusive and trusted financial advisor to BRIDGEi2i and its shareholders in this transaction.”
Jeff Acton, Partner and Head of Technology, BDA, said: “We’re delighted to have advised the founders and shareholders of BRIDGEi2i on its successful sale to Accenture. BDA has advised on three transactions in the AI & data analytics space in the last six months alone. We expect continued deal momentum driven by the incredible growth we’re seeing in that market.”
Manoj Balwani, Managing Director and Head of Technology, India, BDA, said: “AI and analytics are driving the next wave of digital transformation. BRIDGEi2i stands at the forefront of the rapidly evolving digital transformation space. We’ve followed BRIDGEi2i for several years. We’re proud to have leveraged our global sector expertise to assist BRIDGEi2i to consummate this transaction.”
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