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April 8, 2024 | BUSINESS WIREEstimated reading time: 2 minutes
Accenture has agreed to acquire CLIMB, a technology services provider specializing in system integration, IT infrastructure management and operations, primarily in the Gunma Prefecture. The acquisition of CLIMB brings more critical skills for global organizations in Japan to navigate technology change.
In particular, CLIMB's expertise will accelerate application and infrastructure modernization services for financial institutions and government agencies to achieve digital transformation. Accenture’s investment in CLIMB will also enable local teams to continue to revitalize the local ICT (Information Communication Technology) industry. Terms of the transaction were not disclosed.
Since its establishment in 1989, CLIMB has demonstrated a high level of expertise in multiple areas from the development of core banking and mission-critical systems to the management and operations of IT infrastructure for organizations, such as domestic financial institutions, manufacturers, telecommunications carriers and government agencies, mainly in Maebashi City, where the company was founded. Currently, CLIMB has approximately 200 engineers who are trained in cloud and security technologies and application management services. The CLIMB engineers will join Accenture Technology.
“There are many talented engineers in regional areas of Japan who are leading digital transformation work," said Atsushi Egawa who leads Accenture’s business in Japan. “Providing opportunities for these individuals to shine on the global stage will help elevate their skills to new heights, while at the same time revitalizing the local economy. With a clear trend of people and businesses returning to the domestic market, the vibrant growth of local communities is essential for the sustainable development of Japan. Adding the CLIMB team, who take an innovative and exemplary approach especially to the financial industry, demonstrates how we continue to invest in Japan. We are planting more local roots through our team’s high value work in local communities.”
Oramu Kanai, CLIMB’s President, stated, "CLIMB's most important management principle is 'maximizing employee happiness.’ Only when every employee is happy can we provide rewarding work and value-added services to our clients. By joining Accenture, our people will have unprecedented growth and exposure opportunities. With Accenture’s unique ability to resolve issues faced by clients and society with a holistic approach, we will be able to maximize the happiness of our people who, in turn, will contribute to the further enhancement of the ICT industry in the region.”
Completion of the acquisition is subject to customary closing conditions.
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