New York, Kirkland, Oct. 7, 2019: – Accenture will acquire the award-winning product innovation and engineering company Nytec Inc. The financial aspects of the deal were not disclosed.
Founded in 1975, Nytec is headquartered in Kirkland, WA. Nytec, said Accenture in a press statement, will become part of Accenture Industry X.0, which offers capabilities that “drive the digital reinvention of industry.”
Nytec will expand Accenture Industry X.0’s ability to innovate connected, Internet of Things (IoT)-enabled experiences for clients from idea through to realization — an area in which both Accenture and Nytec have already demonstrated success.
Nytec will add deep expertise in software platform development and engineering to Accenture Industry X.0 that is required to build the underlying IoT infrastructure and systems for connected experiences, particularly for clients in the consumer tech, industrial high tech, hospitality, travel, and consumer goods and services industries, said Accenture.
Nytec operates an end-to-end LEED Platinum certified Product Innovation Center (PIC) in Kirkland, WA where it offers design, prototype development, engineering and support services for manufacturing. Accenture is planning to expand the PIC and bring it into its network of Forges, which is part of its global Industry X.0 Innovation Network of more than 20 facilities. The network combines startup thinking with rapid prototyping, delivery and ramp-up capabilities to co-develop new products and services with clients and bring them to market quickly.
Other acquisitions that have strengthened Accenture Industry X.0 include product design and innovation firm Altitude in Boston, strategic design consultancy designaffairs, and technology consultancy Zielpuls, both in Munich, Germany.