Accenture, a global business-services company headquartered in Dublin, has agreed to acquire Nytec Inc., a Kirkland-based product-innovation and engineering company that employs 250 professionals.
Nytec will become part of Accenture’s digital-transformation initiative called Industry X.0, which is focused on digital transformation of industry. Nytec expands Accenture’s ability through the program “to innovate connected internet-of-things (IoT)-enabled experiences for clients form idea through to realization,” the press release announcing the deal states. Terms of the deal were not disclosed.
Nytec operates a product innovation center in Kirkland that offers services from design and prototype development to engineering and support services for manufacturing operations. It was founded in 1975 and has earned a reputation for its success in product engineering and software development.
“Our ambition is to become a key partner for clients wanting to transform their business through innovation that is coming from the fusion of software, physical products and connectivity,” says Craig McNeil, Accenture Industry X.0 lead for North America. “We’ve been building the skillset to deliver on this ambition, in part, through our acquisitions of hardware engineering company Mindtribe and embedded software development firm Pillar Technology, and with Nytec we will continue to expand it.”
Accenture provides a wide range of services and solutions to clients through consulting on business strategy, digital technology and operations. The company has a presence in 120 countries and employs some 50,000 people across 42 U.S. cities, including Seattle, where it employs about 1,400 people.