This acquisition aims to expand Accenture's technology capabilities and bring more critical skills to global organizations in Japan to navigate technology change.
CLIMB's expertise is expected to accelerate application and infrastructure modernization services for financial institutions and government agencies to achieve digital transformation.
Accenture's acquisition of CLIMB is primarily focused on the Gunma Prefecture in Japan, aiming to bring more critical skills to global organizations in the region and drive innovation for local economic growth.
Gunma Prefecture (群馬県, Gunma-ken) is a fascinating region of Japan, known for its rich history, diverse geography, and vibrant culture. The prefecture has a strong economic foundation with a GDP of around 9,308 billion yen (approximately US$ 85.4 billion in 2019).
CLIMB has about 200 engineers trained in cloud and security technologies and application management services. These engineers will join Accenture Technology, which will likely boost Accenture's capabilities in delivering modernization services for applications and infrastructure, particularly to financial institutions and government agencies.
The acquisition is also seen as a way to support the local ICT (Information Communication Technology) industry and contribute to the sustainable development of Japan. It aligns with Accenture's commitment to investing in Japan and providing opportunities for talented engineers in regional areas to participate in global digital transformation efforts.
The terms of the transaction have not been disclosed, and the completion of the acquisition is subject to customary closing conditions.
Established in 1989, CLIMB has around 200 engineers trained in cloud and security technologies and application management services. The acquisition will enable local teams to continue to revitalize the local ICT (Information Communication Technology) industry and contribute to the sustainable development of Japan.
CLIMB has demonstrated a high level of expertise in multiple areas from the development of core banking and mission-critical systems to the management and operations of IT infrastructure for organizations, such as domestic financial institutions, manufacturers, telecommunications carriers and government agencies, mainly in Maebashi City, where the company was founded.
Atsushi Egawa who leads Accenture’s business in Japan, said, "There are many talented engineers in regional areas of Japan who are leading digital transformation work. Providing opportunities for these individuals to shine on the global stage will help elevate their skills to new heights, while at the same time revitalizing the local economy. With a clear trend of people and businesses returning to the domestic market, the vibrant growth of local communities is essential for the sustainable development of Japan. Adding the CLIMB team, who take an innovative and exemplary approach especially to the financial industry, demonstrates how we continue to invest in Japan. We are planting more local roots through our team’s high value work in local communities."
In Japan, CLIMB is Accenture's second investment, so far, in this year. Earlier in January, Accenture and Mujin, an another Japan based company engaged in intelligent robotics for manufacturing, logistics and supply chain operations, have had established Accenture Alpha Automation, a joint venture for the manufacturing and logistics industries.
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