Permira-backed Acuity Analytics has acquired US data consultancy Continuus, adding 37 specialists and Snowflake Premier Services Partner status. The acquisition expands Acuity's presence in its largest market, the US, and strengthens capabilities across data strategy, governance, engineering and cloud platforms. Continuus primarily serves asset managers and financial institutions on enterprise data strategies and large-scale cloud transformation programs.
This deal is part of Acuity's investment in AI and digital as it evolves from a financial services research business into a technology-led organization. The combined group will provide an end-to-end offering spanning data strategy, governance, analytics, operations and AI-enabled business workflows. Acuity Analytics, the trading name of Acuity Knowledge Partners, employs more than 7,800 specialists across 28 locations and supports over 850 organizations.
The company was acquired by Equistone Partners Europe in 2019, with Permira acquiring a majority stake in January 2023.
Source: PE Hub · Summarized by HeadlinesBriefing