Business consulting firm Accenture plc (NYSE: CAN) is acquiring venture capital-backed Cloud Sherpas for an undisclosed amount.
Cloud Sherpas, based in Atlanta and founded in 2007, helps organizations integrate cloud services such as Google Inc. (Nasdaq: GOOGL), Salesforce.com Inc. (NYSE: CRM) and ServiceNow Inc. (NYSE: NOW). The target has VC backing from Columbia Capital, Delta-v Capital, Greenspring Associates and Queensland Investment Corp.
Accenture chief technology officer Paul Daugherty says the acquisition of Cloud Sherpas has good timing because more of the company’s clients are using cloud-based software in their respective businesses.
The purchase of Cloud Sherpas continues a dealmaking spree for Accenture. In August, the company acquired Schlumberger Business Consulting and Total Logistics and in July, Accenture bought PacificLink Group.
Meanwhile, cloud-based software companies continue to attract buyer interest. Some other recent deals include Amazon Web Services Inc. (AWS) buying Elemental Technologies Inc. and Perfect Commerce closing a deal for a controlling stake in Hubwoo SA.
Goldman Sachs & Co. (NYSE: GS) and Kirkland & Ellis LLP are advising Accenture.
For more on middle-market deals in cloud computing, see Thoma Bravo & Others Bet Big on the Cloud.
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