North Texas-based Accolite Digital and Chicago-based Bounteous announced that they have merged, creating a new end-to-end digital transformation service consultancy that partners with leading brands around the world.
Founded in 2007, Accolite Digital is a digital engineering, cloud, data, and AI services provider. Founded in 2003, Bounteous is a digital innovation partner “of the world’s most ambitious brands,”according to a statement. Financial details of the merger were not disclosed.
The combined company will be headquartered in Chicago with offices across North America, Europe, and Asia. It will employ 5,000 people—with more than 1,200 in North America, more than 3,400 in APAC and more than 400 in Europe. Post the merger, the company serves over 300 Fortune 1,000 and high-growth clients, aiming to solve their mission-critical problems. With this merger, the company will be among the world’s leading digital transformation consultancies, the companies said.
New name to be finalized, with a plan to become a billion-dollar company
Keith Schwartz, CEO at Bounteous, will serve as CEO and Leela Kaza, CEO at Accolite, will serve as Co-CEO of the combined entity. They said they will work together to further a mission of empowering businesses worldwide to succeed in the ever-changing digital landscape.
The combined company will be called Bounteous x Accolite for now, according to Business Insider, with plans to reach $1 billion in revenue in around five years. Kaza believes real revenue acceleration will happen in 2025 and 2026, telling Business Insider, “That’s when you’re going to start heading towards that billion-dollar figure.” He also said the company’s new name will be finalized in May.
“This combination accelerates the realization of the vision Bounteous has been working toward since our founding: to become the world’s preeminent digital innovation partner,” Schwartz said in a statement. “Accolite shares our obsession with customer success and has an admirable track record of creating lasting value and impact for their clients.
“Together, we’re re-shaping the landscape of digital transformation and helping businesses adapt and succeed in the age of the connected customer,” he said.
What the combined company offers
The companies said their clients will benefit from a comprehensive range of AI & data, cloud, customer experience & martech, digital commerce, and product engineering solutions. With an experienced, scaled and diverse team of experts across the globe, clients will have access to the right talent to deliver excellence, regardless of location.
Bounteous and Accolite said that the new entity has an impressive roster of accreditations, certified teams, and awards across Adobe, Acquia, AWS, Azure, Google, Murex, Olo, Oracle, Salesforce, ServiceNow, Snowflake, and more. They said among their notable achievements, the new entity boasts its Adobe partnership, a Gold Solution and Specialized Partner who recently received its eighth specialization, and a “distinguished collaboration” with AWS, underscored by nearly 300 accreditations and a track record of empowering more than 50 AWS customers.
The combined entity will serve top global companies helping to navigate their most complex challenges across industries such as banking, financial, and insurance, consumer goods and retail, healthcare, logistics, restaurant and convenience; telecommunications, technology, and travel and hospitality, the companies said.
“As customer demands become increasingly complex, businesses need a technology partner who can see the bigger picture and deliver solutions that help them win in their category,” Accolite CEO Kaza said in a statement.
“With the digital innovation mastery of Bounteous combined with Accolite’s digital engineering expertise and talent across North America, EMEA, and APAC, we are uniquely positioned to empower our clients to create extraordinary customer experiences that inspire genuine brand appreciation and long-term loyalty,” Kaza added. “This combination also fulfills our stated goal of becoming one of the top digital engineering firms in the world.”
Both companies are backed by New Mountain Capital, a New York-based investment firm that emphasizes business building and growth.
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