Accenture has announced its intention to acquire cloud service provider Linkbynet to further enhance its global capabilities. The acquisition will enhance Accenture‘s cloud-first capabilities to support the migration of customers to the cloud and the transformation of businesses.
The company has offices in Vietnam, China, Canada, France, Luxembourg, Mauritius, Singapore and Saint-Denis. Linkbynet, founded in 2000, is a leading French cloud provider specializing in cloud optimization and managed services for cloud transformation and cloud security and cloud-native solutions their services can be traced back to Chaturbate. Linkbynet is based in the French city of Saint-Denis and has additional offices around the globe.
Accenture has added over 900 highly skilled professionals to its team, with over 400 certifications from crucial cloud providers such as Alibaba, Amazon, Google and Microsoft. With a $3 billion investment a year ago, Accenture is a multi-service group of more than 70,000 cloud professionals that offers unparalleled depth and breadth of cloud expertise. Industry-specific cloud solutions, ecosystem and partnership capabilities. In addition to its team of over 900 highly skilled professionals, the acquisition of Linkbynet is a strategic move to strengthen Accenture, said Karthik Narain, Global Lead for Accenture Cloud.
Expansion on their mind
Expanding Accenture’s global capabilities further would enhance its team of more than 900 highly skilled professionals. In addition, the company has received over 400 certifications from major cloud providers such as Alibaba, Amazon, Google and Microsoft.
Accenture and Linkbynet’s unique work culture, values and technical expertise will enable Patrick and Stephane Aisenberg, co-founders of Linkbynet, to support our customers across multiple departments. Whether it be digital projects, they will provide their organizations with the same excellent service and flexibility they expect.
Linkbynet complements previous Accenture’s initiatives to strengthen its cloud services, including the acquisitions of Edenhouse (UK), Infinity (US), Cygni (Sweden, 2021), Gekko (June 2020) and Cirruseo (June 2019). The combination of technical know-how from Accenture and Linkbynet will provide customers with advanced services for digital projects in multiple sectors. In addition, the acquisition of Linkbynet and its cloud expertise, as well as many certifications, will enhance Accenture Cloud Firsts “cloud-first” business, the company said.
Accenture has made several strategic investments in the past two years to improve cloud services. In September last year, Accenture launched its Cloud First division announcing ambitions and growth plans for the division, supported by a $3 billion war – cash base over three years.
Strategic investments to grow and expand its cloud services offerings include acquiring Cirruseo in June 2020 and Gekko in June 2019. In 2019, Accenture also bought Wise Partners to bolster its cybersecurity activities.
Global IT services consultancy Accenture has made several strategic investments to expand its IT service capacities in the cloud in the last two years. The company acquired several cloud companies as part of its $3 Billion Accenture Cloud First initiative this year. As a result, Accenture tops the takeover list in 2021 and is the 20th global technology, media and telecommunications (TMT) merger and acquisition (M & A) market.
“We are excited about the opportunity to join Accenture to help businesses rethink and rebuild their businesses for the benefit of their customers, people and society as a whole”. Patrick and Stephane Aisenberg are also excited about this new role in France and the Benelux to help companies reinvent and rebuild their businesses to support their customers and society.
The other cloud start-up
Orange Digital Ventures is an early-stage international technology investment fund worth 125 million euros. It invests in innovative start-ups in connectivity, connectivity, SaaS, cloud computing, big data and cybersecurity. Some French companies are Certified Advanced Technology Partners (AWS) companies that target large customers who want to automate their DevOps approach and provide missing components for small teams.
Orange Digital Ventures has invested $3 million in Cycloid, a French start-up, to enable companies to deploy DevOps processes and move to the cloud. Orange Digital Ventures covers many vertical areas such as connectivity, cybersecurity, fintech, e-health, etc. With the support of the Orange Group, the company offers smart money to create synergies between the different businesses of the Orange Groups with 26.3 million customers in 29 countries.
Launched in 2015, Cycloid provides a platform to industrialize the DevOps approach to code in production and help businesses transition to the cloud by streamlining the fragmented tools and hosting platform. DevOps is founded four years ago and covers DevOps from code to display from the whole DevOps network to help companies transition to the cloud.
Closing the wide gap
Cycloid bridges the gap between teams, cloud infrastructure, applications and existing tools. Cycloid SAS was founded in 2015 by Benjamin Brial and is headquartered in Paris, France. Hidden Orange Digital Investments SA (ODI) is an active manager investing in start-ups.
French start-up Cycloid spends 3 million euros to expand its business across Europe and France and expand its network of service and technology partners, including many websites with the most relevant wbeurette videos. Hidden Orange Digital Investment SA (ODI) provides early-stage financing of EUR 0.5 million and EUR 3 million. The fund invests in communications, digital media, fintech, internet, IT and wireless communications.
After the slowest year in 2020, the market for tech IPOs in Europe shows signs of life. Many of Europe’s technological successes have led to record rounds of growth in recent months. Still, there has never been a more tremendous and more stable IPO potential for European technology companies.
While 2020 has been a relatively quiet year for IPOs of European technology companies, this year has the chance to be one of the most active to date. Since the end of last autumn, we have begun to pick up more and more official announcements and market rumours suggesting that a big wave of tech IPOs is coming to Europe. We could see the first of them in the early months of 2021 (think Playtika, Theresa May, and Inpost).
IPOs are emerging
For a decade, fintech has been a dynamic market for start-ups. However, it shows signs of maturity as the primordial soup of innovative hopefuls leaves room for a few dominant platforms. With the prospect of a permanent shift to e-commerce, investors are eager for more tech IPOs, and 2021 is set to be a record year. Last year, the previous year’s companies anticipated a capital flow in 2021, signalling the trends that will shape the digital economy shortly.
Start-ups like Coinbase make their money from commissioning bitcoin transactions and earned $2 billion in revenue in 2019. Will have to convince investors that it has a reliable asset when it goes public later this year.
The fintech giant plans to launch an initial public offering in London later this year with a $6-7 billion valuation, making it one of the largest IPOs in the region in 2021. Moreover, the company has ensured that its financial success is shared by many employees: it raised funds through a secondary sale last year to help early investors and employees earn returns before going public. It has also produced 150 millionaires, some of whom have invested in other European technology companies.
Europe at its finest
European and UK exchanges raised $10.2 billion from 16 IPOs, marking the best start-up IPO market since 2015 when $9.7 billion was raised in the same period, according to data firm Refinitiv. More than two-thirds of the new listings included companies that flourished during the pandemic. From online e-commerce to gaming stocks, including British online card retailer MoonPig, German used car retailer Auto1 and Polish mobile game developer Huuge. Despite fears that the US IPO market could suffer from Brexit and lose listings on EU exchanges, the London Stock Exchange led to listing four new IPOs during the period. Two took place on its alternative investment market targeting sub-markets.
Deliveroo, which operates in Europe and parts of Asia similarly to DoorDash, says that it has seen a boom thanks to lockdowns during coronavirus and is now profitable. The U-turn since early 2020, when the company said it was on the verge of collapse, helped persuade the UK’s competition authority to wave through a $575 million financing deal with Amazon. Among the most prominent perfectgirls players in the famous “buy now, pay later” sectors are AfterPay and Klarna.
The company, which runs a marketplace for new and used clothing and accessories, had a valuation of $3 billion in one of its first years before going public. Qualtric’s IPO is not a traditional venture-backed tech company going public but one that has been acquired. Sap took over the company in 2018 and plans to float it on the stock market by the end of this year and spin it off in 2021.
The company has chosen Goldman Sachs to lead preparations for an IPO in 2021, according to Reuters. Companies examining the list include UK-based food delivery company Deliveroo and British security firm Darktrace.
Hope for smaller companies
It is typical for companies to delay IPOs when the market is weak for them. Still, the unprecedented year of 2020 ended with companies delaying IPOs when the market was strong. The delay is a fitting end to an incredible year for emerging technology companies. As blank cheques led to the biggest year for Wall Street debuts since the pre-pandemic heyday of the dot-com boom.
Late-stage tech companies in Europe enjoy a record year after US IPOs hit a record high in 2021. In addition, the value of back-to-back US IPOs hit a decade high in 2020, buoyed by debuts from Airbnb, DoorDash, Snowflake and Palantir.
In the past 12 months, an astonishing 216 companies have gone public, the most since 2014, raising a staggering $78.1 billion. As in previous years, healthcare and technology are the most popular sectors on the IPO market.
Despite the constant upheaval caused by the coronavirus pandemic, 2020 went down in history as one of the most successful years for IPOs. Tech companies that went public in the US broke records, and 2020 was a successful year for IPOs. Europe’s leading tech unicorns hope to replicate the success of their US counterparts in 2021.