Accenture Ventures makes minority equity investment in Splice Machine
NEW YORK & REDWOOD CITY, Calif.–(BUSINESS WIRE)–Accenture (NYSE:ACN) is partnering with and made a minority equity
investment in Splice
Machine, an emerging platform company for operational artificial
intelligence (AI). Working together, Accenture and Splice Machine can
help clients implement an AI-fueled platform that can better manage
large data transformation projects and enable improved, faster
decision-making and encourage innovation at scale.
Splice Machine integrates operational workloads, analytics and machine
learning in one operational AI platform, powering smart applications
with real-time data at scale and delivering business experiences
designed to exceed customers’ expectations. The platform brings together
transaction data, analytical data and power of machine learning.
Combined with Accenture’s technical and industry expertise, this will
help companies predict events such as customer churn, impending fraud or
anticipating the next purchase by a customer – all within a specific
“Splice Machine’s operational AI platform strengthens our ability to
deliver on the power of artificial intelligence,” said Paul Daugherty,
Accenture’s chief technology and innovation officer. “With Accenture and
Splice Machine’s combination of operational, analytical, and intelligent
capabilities, we can embed intelligence at the core of our clients’
business to make them more agile and become leaders in the age of new
As part of the partnership, Accenture will be a preferred systems
integrator for Splice Machine’s platform globally. The minority equity
investment and partnership were undertaken through Accenture
Ventures, which identifies, partners with and strategically invests
in the most promising innovations in the market to quickly scale
disruptive innovation. Terms of the minority equity investment were not
“Accenture and Splice Machine both recognize that speed and quality of
decision-making is one of the most potent weapons in the corporate
arsenal today,” said Monte Zweben, co-founder and CEO of Splice Machine.
“Whether humans or machine learning models are making the decisions,
access to data and computation must be blazingly fast. We are working
with Accenture to embed AI into our clients’ decision-making process
through our integrated data platform, enabling them to deliver smart
Accenture is a leading global professional
services company, providing a broad range of services and solutions in
strategy, consulting, digital, technology and operations. Combining
unmatched experience and specialized skills across more than 40
industries and all business functions — underpinned by the world’s
largest delivery network — Accenture works at the intersection of
business and technology to help clients improve their performance and
create sustainable value for their stakeholders. With 469,000 people
serving clients in more than 120 countries, Accenture drives innovation
to improve the way the world works and lives. Visit us at www.accenture.com.
About Splice Machine
Splice Machine is a new AI data
platform for digital transformation. Unlike other Big Data platforms
that provide offline, batch analysis, Splice Machine powers intelligent
applications that are woven into the operational workflows of companies.
It is a scale-out SQL RDBMS, data warehouse and machine learning
platform in one. Splice Machine is open source and is built upon the
popular Apache Hadoop, HBase, and Spark distributed platforms. Companies
in financial services, healthcare, retail, manufacturing and logistics
deploy Splice Machine to improve their operational efficiency, eliminate
unnecessary costs and deliver superior service. The Splice Machine
database can be deployed on-premise or as a fully-managed cloud service.
Splice Machine is a trademark of Splice Machine, Inc. All other
trademarks are the property of their respective registered owners.
Trademark use is for identification only and does not imply sponsorship,
affiliation, or endorsement.
Copyright © 2019 Accenture. All rights reserved. Accenture and its logo
are trademarks of Accenture.
+1 312 693 7301