Melbourne based cloud services provider, Olikka, has been acquired by global tech giant Accenture, for an undisclosed sum. The acquisition enhances Accenture’s cloud capabilities across Australia and New Zealand.
Founded in 2011, Olikka has built a solid reputation for its native cloud-based application development, cloud modernisation development and security expertise, and is recognised as a CRN Fast 50 company. Accenture (a Fortune 500 company) is one of the world’s best known professional services companies, with its expertise encompassing strategy, consulting, digital, technology and operations. The acquisition by Accenture is the latest in its strategy to bolster the global capability of its Accenture Cloud First offering, aimed at assisting businesses to become “cloud first” in order to accelerate digital transformation and facilitate speedier innovation.
Olikka is a longstanding KHQ client, with the firm supporting the company’s technology, commercial and workplace law needs (among others) for many years. KHQ’s transactional team comprised expertise across its corporate/M&A, workplace relations, taxation and technology practice groups, highlighting the firm’s combined M&A and technology capability. The KHQ transactional team was led by Andrew Walker (Director), and included Michael Cochrane (Principal Solicitor) and Koula Politis (Senior Associate).
Director, Andrew Walker, said “We’re delighted to have been able to assist Olikka in relation to this transaction specifically, but also with their broader legal needs over the last several years. We wish the team well in this exciting new chapter and look forward to our continued working relationship”.