Accenture completes acquisition of Pillar Technology to expand Industry X.0 capabilities

COLUMBUS, OH; Aug. 27, 2018 – Accenture (NYSE: ACN) has completed the acquisition of smart embedded software company Pillar Technology, significantly expanding its Industry X.0 practice in North America.

Headquartered in Columbus, Ohio, Pillar Technology has a team of 320 people and offices in Des Moines, Iowa; Ann Arbor, Michigan; and Palo Alto, California. Pillar Technology brings more than 20 years of experience in the rapid, agile development of high-quality and user-friendly embedded software used in smart, connected products such as autonomous vehicles.

Accenture first announced the acquisition two weeks ago, together with the acquisition of San Francisco-based hardware engineering firm Mindtribe. The two complementary deals boost Accenture Industry X.0’s ability to help companies redefine smart connected software and physical products.

Accenture Industry X.0 helps companies address the shift to digital products and services, transform their engineering, manufacturing and field operations, and digitize their enterprises.

Financial terms for the transaction were not disclosed.