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Accenture acquires Spanish AI company Pragsis Bidoop

Accenture PLC has acquired Madrid-based big data analytics and artificial intelligence company Pragsis Bidoop, which will be integrated into Accenture's applied intelligence business.

The financial terms of the acquisitions were not disclosed.

Pragsis Bidoop was founded in 2004. It specializes in big data and AI solutions for digital modeling, machine learning to optimize manufacturing processes and advanced predictive models to reduce business forecasting errors. It has more than 200 employees in Spain and the U.K.