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Deloitte Acquires Data Analytics Team in a SEA Expansion Move

A team of fifty AccelTeam data analytics specialists will soon join Deloitte Consulting as a part of the deal to help in its expansion plans in Southeast Asia (SEA). Among them is Steven Yong, the founder of AccelTeam, who will lead the firm’s analytics and cognitive practice in Malaysia, Channel Asia reports.

Terms of the investment agreement will also see the consultancy giant acquire intellectual property, a location intelligence asset. The move will enhance service delivery in location-based analysis and field-based workforce management.

AccelTeam was founded in 1998. This major data analytics provider in Malaysia and the broad ASEAN market leverage vendor alliances with Splunk, Microsoft, and Tableau, among others.

The company specializes in data-driven analytics, machine learning, location intelligence, in addition to enterprise data warehouse automation and converged big data platform solutions. The CEO of Southeast Asia at Deloitte, Philip Yuen, said:

“Our clients in Southeast Asia are making a fundamental shift from experience-based judgment to data-driven decision making through outcomes-based insights. Whether it is for a small-scale program or an enterprise-wide initiative, they understand the imperative of having smarter insights to maximize business opportunities across the region to achieve operational excellence, new products, and services, competitive agility, and growth.”

Yong will join Deloitte as a consulting partner. He has delivered projects in telecommunications, banking, insurance, and government sectors.

Business Operations

Yong brings in at least 25 years of regional experience in the consulting and implementation of analytics, business process management, and data management. He commented:

“Deloitte Consulting has undoubtedly a breadth of capabilities and time-tested business acumen to help the world’s leading companies identify and solve complex issues. I look forward to nurturing Deloitte’s growth in the analytics and cognitive space across Southeast Asia; to unlock insights and successfully pursue data-driven strategies for clients.”

The acquisition will also enable Deloitte to boost analytics and cognitive offerings in Malaysia. It will use growth in ‘white space sectors’ according to the consulting leader across Southeast Asia, Eugene Ho.

Ho said:

“AccelTeam’s deep expertise, credentials, and client network were synergistic; with our service offerings and opportunities across the region, creating a winning value proposition.”

The acquisition comes barely two months after Deloitte acquired SecurePath. The Symantec specialist joined the firm’s Risk Advisory practice in Malaysia.

SecurePath, headquartered in Kuala Lumpur, markets itself as a service provider of risk, governance, and compliance solutions at the enterprise level. It also offers cyber threat defense, information management, and protection services.

From a technology point of view, the company offers end-to-end services featuring key vendors like Veritas, Symantec, FireEye, Splunk, and NetIQ.

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Jeremy is a content crafter and has experience in writing about finances and digital assets for over 5 years. At Finbold.com he covers news related to finance, regulations, startups and cybersecurity on a daily basis.