Global professional services company Accenture has made a strategic investment in operational resilience and supply chain risk management firm Interos through its subsidiary Accenture Venture.
Interos claims to offer AI and machine learning to monitor global business relationships and identify risks, including financial, operational, governance, geographic, and cybersecurity.
“There has never been a stronger case for automated and continuous supply chain monitoring which can only be accomplished with AI and machine learning capabilities,” Jennifer Bisceglie, CEO of Interos said. “This investment from Accenture will allow us to plug into new markets across the globe and bring real-time, effective insight and operational resilience to companies urgently trying improve their supply chain management.”
Through the deal, Interos will combine with Accenture Ventures’ Project Spotlight, an engagement and investment programme that connects emerging technology software startups with the Global 2000 to bridge strategic innovation gaps.
“Accenture Ventures’ investment in Interos will transform the way our clients see into their own ecosystems and will help safely accelerate their growth. From a whole new angle, clients will get clear picture of their supply chain and potential threats to their business operations, including cyber risks they should prioritise and address,”added Kris Timmermans, Accenture’s supply chain & operations global lead.
The financial terms of the investment were not disclosed between both firms.
