Global professional services provider Accenture Plc (NYSE: CAN) has agreed to purchase DayNine, a human resources consulting and deployment services provider. The deal, for undisclosed terms, expands Accenture cloud-based offerings.
Pleasanton, California-based DayNine specializes in implementing human resources software and payroll services developed by Workday Inc. (NYSE: WDAY). With the acquisition, DayNine employees will join Accenture’s existing Workday group, and the combined division will be led by DayNine CEO Tim Ramos. The target boasts 14 offices across the U.S., Europe and Asia, DayNine’s and serves customers in a wide range of industries.
The transaction by Accenture, headquartered in Dublin, Ireland, further cements the buyer’s capabilities as a Workday service provider. The deal also builds on Accenture’s recent dealmaking activity in cloud services, including: ClientHouse, Cloud Sherpas, CRMWaypoint, New Energy Group, and Tquila UK. Cloud services have been fueling tech deals in the middle market for a few years.
Accenture has spent $2.5 billion in acquisitions over the last three years and has plans for more deals in targeted growth areas. In August, Accenture purchased access management and security service provider Redcore, and in June bought Israeli cybersecurity company Maglan for an undisclosed amount. Other recent cloud-based deals include KBR Inc.’s (NYSE: KBR) buying Honeywell Technology Solutions Inc. for $300 million; Delta Risk’s purchasing Allied Info Security; and Belcan’s buying cybersecurity company Intercom.
Kirkland & Ellis LLP served as legal adviser to Accenture.