Accenture buys Stockholm telecoms consultancy Northstream
Accenture has acquired Northstream, a Stockholm-based consultancy to communications service providers and networking services vendors.
The US company said the deal would boost its capabilities in the Nordics to help service providers with digital and operational transformation.
But Northstream, founded by Bengt Nordström (pictured) in 1998, has worked in the wider European market and in North America.
“With our common cultures of collaboration and client-centricity, Northstream and Accenture are a great fit,” said Nordström, a former CTO and executive director of Smartone in Hong Kong who has also worked for Ericsson and other companies in the industry.
Northstream’s skills include business strategy development, technology and product assessment, industry research insights and transformational programmes.
The Stockholm company’s team of approximately 30 professionals will join Accenture’s communications, media and technology operating group and will augment its communications and media industry consulting capability.
Mattias Lewrén, Accenture’s managing director in Sweden, said: “With Northstream now part of Accenture, we’re in an even stronger position to provide our communications clients with the innovation led services they need to address the challenges they’re facing.”
The unit will focus on 5G deployment and internet of things (IoT) connectivity, said the new owner, “as well as large transformational programmes that may include telco network cloud deployments and operating model transformations”.