Accenture, a global professional services company, has agreed to acquire Parsionate, a Stuttgart-based data consultancy.

Parsionate specializes in data products and modern data foundation services, catering to sectors like retail, industrial, consumer goods, and life sciences.

This acquisition enhances Accenture's data and AI capabilities in Europe, adding expertise from Parsionate's 130 professionals, including data consultants, architects, and engineers.

Parsionate's founders, Thomas Sperrfechter and Michael Fieg, will spearhead data architecture and management efforts within Accenture's Data & AI group in Germany, Austria, and Switzerland.

Terms of the deal were not disclosed, and the acquisition is pending customary closing conditions.