Accenture acquires digital transformation specialist Enaxis Consulting
Management and technology consulting firm Accenture has acquired management and technology consulting firm Enaxis. With offices in Houston and Dallas, Enaxis focuses on providing strategy and digital transformation services to the oil and gas industry.
Founded in 2002 and headquartered in Houston, Enaxis Consulting is a management consultancy with deep technology expertise – making it the sort of company that aligns well with Accenture’s profile. Focused on the oil & gas and airline industries, Enaxis provides services in the areas of business strategy (including change management and M&A); IT strategy (cybersecurity, cloud transitions, outsourcing); digital transformations (RPA, IoT, experience design); and data and analytics (AI, machine learning, visualization).
Enaxis’ full suite of services helps Fortune 500 clients in the oil and airline industries stay on the cutting edge of digital technologies and operating models – benefiting from Enaxis' deep expertise in change management and emerging technologies like RPA, IoT, and advanced analytics.
The Texas consultancy has now been absorbed by technology consulting giant Accenture. The Dublin-based firm, which split off from Arthur Andersen in 1989, has seen massive growth in the past decade on the back of spiraling demand for technology consulting services. The company has a global workforce of 459,000 people and global revenues of $39.6 billion. Its North American revenues in 2017 exceeded $17 billion.
“We are very excited about teaming up with Accenture, which is a strong strategic fit and will help clients achieve game-changing digital transformations on a larger scale,” said Dhiren Shethia, co-founder and a managing partner of Enaxis. “Our combination also paves the way for our employees to realize exciting new career paths in digital technology and industry consulting while gaining access to Accenture’s services in strategy, consulting, digital, technology and operations.”
Enaxis’ Houston headquarters, as well as its satellite office in Dallas, will join the Accenture team. The acquired consultancy was recently named a Top Workplace by The Houston Chronicle for the fifth year in a row.
“We’re delighted to join forces with this very talented Enaxis team, which will advance our plans for growing our oil and gas business in North America by helping clients with end-to-end transformation services,” said John Downie, a senior managing director at Accenture who leads its Energy practice in North America. “We look forward to building on targeted business services for core oil and gas areas including drilling and completions, production operations and asset portfolio optimization.”
The oil and gas business in Texas is booming on the back of unlocked reserves of shale oil in the Permian Basin – with production reaching record levels of 3.7 million barrels a day. Industry growth means increased demand for consulting services to solve business problems and capitalize on opportunities. With the acquisition, Accenture enhances its offering (and client roster) within the red-hot US oil and gas industry.
