Accenture has finalized the acquisition of Japan-based Openstream Holdings and its subsidiaries, Open Stream and Neutral. The financial details of the deal were not disclosed.
Initially announced on May 17, 2024, the acquisition brings approximately 1,000 cloud and digital experts into Accenture’s cloud and digital engineering and manufacturing teams. This addition is set to enhance Accenture’s capabilities in system and application modernization, supporting clients in adopting cloud, data, AI, and IoT technologies. The move will also enrich Accenture’s business by incorporating Openstream’s client portfolio and automation solutions, spanning the entire product value chain from procurement and manufacturing to logistics and after-sales service.
Open Stream, with a workforce of 600 professionals, specializes in consulting and systems integration services, leveraging technologies like cloud, AI, IoT, and cybersecurity for the logistics and retail industries. It also offers low-code development platforms for production management, inventory management, logistics, and accounting systems, which are utilized by more than 2,800 companies. Additionally, Open Stream provides solutions for smart factories. Open Stream became part of Openstream Holdings in 2020.
Neutral focuses on system integration within the automotive and manufacturing industries. The firm has established expertise in manufacturing management, 3D computer-aided design, and computer-aided engineering solutions for the manufacturing sector. It also excels in system integration for electronic medical records in medical institutions, system integration for local governments, and AI-powered forecasting, root cause analysis, and predictive maintenance tools. Neutral joined Openstream Holdings in 2021.
The integration of these companies is poised to bolster Accenture’s digital and cloud service offerings, driving innovation and efficiency across various industries.
