Accenture Buys Stake in Analytics Firm Quantexa

Global management consultancy Accenture has invested an undisclosed sum in data firm Quantexa. As part of the deal, the two companies have formed a partnership to combine their technologies.

Quantexa is headquartered in London, with offices in New York, Brussels and Sydney, and its technology uses real-time entity resolution with network analytics and AI to combine vast and disparate data sets. Last year, the company raised $3.3m in funding, and doubled the size of its London office.

Quantexa will make use of Accenture Ventures' minority investment to speed up the development of its technology, working with Accenture Applied Intelligence to help clients uncover new insights. As part of the agreement, the consulting giant plans to combine its own technology with Quantexa's analytics platform and develop multiple AI-enabled solutions to address business issues such as improving customer insight, and tackling money laundering and credit risk.

Vishal Marria (pictured), CEO of Quantexa, comments: 'We are delighted to be working with Accenture to deliver and scale our technology to help solve our clients' biggest data challenges. Creating context is critical in investigations to help clients connect the dots in their data, allowing them to see the complete picture and make better decisions'.

Web sites: www.accenture.com and www.quantexa.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.