Leeds-based digital transformation consultancy Infinity Works has been acquired by professional services giant Accenture for an undisclosed sum.
Founded in 2014 by Matt Gaffney, Paul Henshaw, Dan Rathbone and Tom Walton (pictured above), Infinity Works has other offices in Manchester, Edinburgh and London and employs around 440 staff.
It grew revenue by 49% to £50.7m for the year to August 31st 2020, with profit after tax rising 76% to £9.1m. Recent clients have included pharmacy support group Avicenna.
The deal is expected to strengthen and expand the cloud and engineering capabilities of Accenture Cloud First in the UK and follows Accenture’s purchase of IT consultancy Edenhouse earlier this week.
Karthik Narain, global lead of Accenture Cloud First, said: “Acquiring Infinity Works is a significant step in advancing our Accenture Cloud First strategy and capabilities in the UK, and in achieving our purpose to deliver on the promise of technology and human ingenuity.
“The Infinity Works team brings deep cloud and engineering specialisation and increases our ability to leverage cloud-native architectures, applications and methods to help clients innovate and operate with speed and flexibility at scale.”
Paul Henshaw, co-founder at Infinity Works, added: “Ever since Infinity Works was founded, we have used cloud-first approaches to help our customers migrate to the cloud and enable them to digitally transform at scale and speed. We are proud of our proven experience of delivering across multiple sectors using a combination of our unique working culture, values, and technical expertise.
“Accenture’s resources and capabilities will enable us to better support our customers’ digital projects while providing them with the same exceptional levels of service they’ve come to expect.”
The deal provides an exit for Growth Capital Partners (GCP), which first invested in Infinity Works in March 2019 as a minority partner to the founder management team.
The founders had originally left jobs in the Leeds tech sector to launch the business in 2014 with only two short contracts with NHS Digital and a co-working desk.
