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Accenture To Acquire German Software Company CAS

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Consulting firm Accenture (NYSE:ACN) said today that it has agreed to acquire CAS Computer Anwendungs-und Systemberatung AG, a software and consultancy company based in Kaiserslautern, Germany.


Terms of the transaction were not disclosed.


Through its 234 consultants and software developers, CAS provides customer relationship management software for the consumer products industry.  The firm also provides software for retail execution and trade promotions. 


Some of CAS’ customers include Coca Cola (NYSE:KO), Campbell’s (NYSE:CPB), and Pepsico (NYSE:PEP).


CAS said it has been responsible for more than 200 software implementations in 30 countries. 


The deal will help expand the product offering of Accenture’s software division, which currently has more than 40 software products. 


Accenture said it will continue to use the CAS software product name and will manage the product suite within the Accenture Software business.


Subject to customary closing conditions, the deal is expected to close within 60 days.


Recently, Accenture also acquired Knowledge Rules, a Philadelphia-based consulting company that provides business solutions using Pegasystems Business Process Management software.

Quick facts: Accenture

Price: 253.44 USD

NYSE:ACN
Market: NYSE
Market Cap: $160.7 billion
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