Montreal: Accenture yesterday announced plans to acquire PCO Innovation — a consulting and systems integration group that specializes in product life-cycle management (PLM) software technologies. Terms of the deal were not disclosed.
Accenture says the acquisition will strengthen its ability to help clients organize, develop and manage new products and services throughout their life-cycle and bring them to market more quickly and efficiently.
PCO Innovation offers PLM strategy and process consultancy, application architecture, system implementation, data migration and application management. Its professionals specialize in delivering PLM industry-leading platforms including Dassault Systèmes, PTC and Siemens PLM.
"Our clients are shifting to global operating models and the complexity of their products and services is increasing," said Sergio Colella, managing director, Accenture.
"There is a greater demand to integrate product and service development processes across disciplines from innovation to manufacturing, supply chain and customer service. With the combined capabilities of PCO Innovation and Accenture, we improve our ability to address this fast- growing market which is core to our clients as they build their future offerings."
Earlier this year, Accenture acquired PRION Group, a company also specializing in the delivery of PLM services. With the addition of PRION Group's capabilities and the skills and experiences of PCO Innovation's professionals, Accenture has expanded its ability to help automotive, aerospace and defence, consumer goods, electronics and industrial equipment clients improve the critical processes required to deliver products to customers quickly and efficiently. PCO Innovation's employees, assets and accelerators will support the expansion of Accenture's end-to-end PLM business services.
Etienne Borgeat, PCO Innovation CEO, said, "Having established PCO Innovation as a leading independent PLM group, we are pleased to be creating a market leader for end-to-end PLM services with Accenture, offering our clients an unparalleled set of solutions and services."
"For many of our clients, competitive differentiation depends on innovation and time to market, so improving their PLM solution portfolio brings significant value to their business," said Jean-Laurent Poitou, senior managing director, Accenture.
"Our research shows that PLM can get products into the market faster and more efficiently, increasing the speed of product launches by up to 55 percent and reducing operational and product development costs by 10-30 percent. PLM is also a critical lever for manufacturing companies to create profitable and sustainable business opportunities in customer service."
Completion of the acquisition is subject to customary closing conditions.