Just announced early this week, Accenture has agreed acquire UK AI start-up Faculty in $1bn deal
announcement
Key details:
- Accenture (NYSE: ACN) has agreed to acquire Faculty, a leading UK-based AI native services and products business built on highly technical applied AI skills and a unique decision intelligence product that features advanced simulation and optimization capabilities
- The acquisition will expand Accenture's capabilities to help its clients reinvent core and critical business processes with safe and secure AI solutions
- Founded in 2014, Faculty has a strong track record working with public and private sector clients to deploy AI solutions in the U.K. and other key markets.
- Its services-which include AI strategy, AI safety and the design, build and implementation of high performance AI systems-support the scaled and safe adoption of AI by client organizations.
- Upon closing of the transaction, Faculty's team of more than 400 AI native professionals, including highly qualified data scientists and AI engineers, will integrate with Accenture's teams to scale world‑class AI capabilities for clients.
- As part of the acquisition integration, Faculty FrontierTM, Faculty's enterprise decision intelligence product, will join Accenture's suite of products that help organizations make better, faster decisions by connecting data, AI models and business processes into a unified decision system.
- Faculty is known for its ability to apply AI in mission-critical settings. For example, during the COVID-19 pandemic, Faculty built the UK National Health Service's (NHS) Early Warning System. This was used daily by NHS Gold Command to accurately predict patient demand across the country, and to optimally allocate critical care resources to where they were needed most.
- Todor
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Todor Kostov
Director
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