Accenture acquires retail technology firm Logic
- July 23, 2024
- Steve Rogerson
Professional services firm Accenture has acquired Minnesota-based Logic Information Systems, a technology services firm that works with retailers to drive customer loyalty, boost revenues and increase agility through the use of technology.
With capabilities in merchandising, stores, digital, analytics and cloud, Logic should enhance Accenture’s ability to drive technology transformations for retail clients globally.
With a deep understanding of the retail industry and operational management, Logic will bring approximately 800 professionals with skills in retail-focused technical strategies to Accenture. Founded in 1997 and headquartered in Minneapolis, Minnesota, Logic has offices in 11 countries that serve more than 150 retail clients worldwide.
“Business disruption is intensifying and requires retailers to embrace a strategy of continuous reinvention to deliver value across every part of the business with digital technology at the core,” said Jill Standish, who heads Accenture’s retail industry practice. “The addition of Logic’s expertise and industry-specific skills will further enhance our ability to deliver comprehensive retail solutions and drive transformative outcomes for our clients to thrive in this dynamic marketplace.”
Bill Szlaius, CEO of Logic, added: “For more than 25 years, our focus at Logic has been helping our retail clients move faster, innovate smarter and thrive in the face of retail disruption. Joining Accenture will enable us to expand our reach and accelerate our mission, providing even greater value to our clients and unlocking new growth opportunities for our talented team.”
Logic (logicinfo.com) will expand Accenture’s retail capabilities with the addition of skills in core technologies and platforms, as well as artificial intelligence (AI) and generative AI, to drive innovation for clients. This move underscores Accenture’s commitment to helping retailers transform their organisations with technology so they can better navigate the evolving retail landscape with confidence.
“Today, all business strategies lead to technology,” said Karthik Narain, chief executive for technology at Accenture. “Companies will need to transform every part of their enterprise using cloud, data and AI to optimise operations and accelerate growth. Logic’s digital, data and cloud capabilities, coupled with its deep industry experience, will complement Accenture’s capabilities and further expand our ability to deliver impactful results to our clients.”
Completion of the acquisition is subject to customary closing conditions, including receipt of regulatory approvals. Terms of the transaction were not disclosed.
Based in Ireland, Accenture (www.accenture.com) is a professional services company that helps businesses, governments and other organisations build their digital core, optimise their operations, accelerate revenue growth and enhance citizen services. It has approximately 750,000 employees serving clients in more than 120 countries.