Redkite

Canaccord Genuity has Advised Redkite on its Sale to Accenture

Canaccord Genuity is pleased to announce it has advised Redkite, a leading data-change partner and consultancy on its sale to Accenture.

Redkite is a UK-headquartered data analytics and business intelligence services partner that helps its clients to manage, govern and effectively access their data, in order to embed data-driven insights into faster, better and simpler decision making, through the implementation of modern data tools. 

The acquisition forms part of Accenture’s recently-announced $3 billion investment over three years into its Data & AI practice and will help expand Accenture’s data capabilities. Redkite’s team of more than 230 professionals will join Accenture’s Data & AI practice in the UK, complementing Accenture’s acquisitions of cloud and digital transformation consultancy, Infinity Works, and analytics and data transformation services consultancy, Mudano.

Kayur Rughani, a managing director in Accenture’s Data & AI practice, said, “AI is a significant catalyst and opportunity for business transformation. In order to move from experimentation to scaled implementation, our clients need a strong data and AI foundation, and they need to be value-led in every capability they choose to reinvent with generative AI. The powerful combination of Accenture and Redkite’s capabilities, expertise and services will help clients make the shift to scale AI investments, rapidly and responsibly.”

Jon Tippell, managing director at Redkite, said, “We all know the next technology revolution is here, but data readiness is the top challenge for companies as they move forward with AI adoption. For companies to embrace the opportunity of data and AI, they need strong digital foundations in the cloud across their business. Joining Accenture means we can become a stronger force for our clients to set their data strategies in motion and fuel their organisations with intelligence.” Henry Crawford, managing director at Redkite, added, “Together we will create more opportunities for our people and clients – leveraging our data capabilities and academy training model as we embark on the next critical phase of the AI journey.”