Acquisition strengthens Accenture’s capabilities in the Nordics to help CSPs with digital and operational transformation
PRESS RELEASE — STOCKHOLM — Accenture (NYSE: ACN) has acquired Northstream, a Stockholm-based consultancy to communications service providers (CSPs) and networking services vendors. Terms of the transaction were not disclosed.
Founded in Stockholm in 1998, Northstream works at the intersection of business and mobile technologies, helping CSPs identify emerging industry shifts, adapt to market changes, and capitalize on new business and technology opportunities. Leveraging its deep experience in the communications industry and network-driven innovation — which spans business strategy development, technology, and product assessment, industry research insights and transformational programs — Northstream helps clients develop new, innovative business models.
The acquisition will expand Accenture’s capabilities in the Nordic region to address CSP demand for network consulting programs around 5G deployment and IoT connectivity, as well as large transformational programs that may include telco network cloud deployments and operating model transformations. Northstream’s team of approximately 30 professionals will join Accenture’s Communications, Media & Technology (CMT) operating group and will augment its Communications and Media Industry Consulting capability.
“With Northstream now part of Accenture, we’re in an even stronger position to provide our communications clients with the innovation-led services they need to address the challenges they’re facing — including digital-driven disruption, changing customer expectations, and competition from new digital natives,” said Mattias Lewrén, Nordic CMT lead and Sweden Country Managing Director, Accenture.
Bengt Nordström, CEO and co-founder at Northstream said, “With our common cultures of collaboration and client-centricity, Northstream and Accenture are a great fit. We’re excited to be able to bring the combined deep industry experience and scale of our two organizations to help clients generate new value and succeed in today’s increasingly competitive market.”
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
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