Reach For The Stars: Accenture And Open Cosmos Team Up To Tackle Sustainability With Satellite Data

Accenture PLC ACN disclosed an investment and partnership with Open Cosmos for an undisclosed amount. 

The deal focuses on designing, manufacturing, and integrating satellites. 

Open Cosmos builds and operates space missions, offering access to high-quality satellite data and insights on a global scale through a data services platform. 

Both companies are expected to aid clients in tracking and analyzing data found in space to solve sustainability-related business challenges. 

"Accenture sees a future where every company is able to tap into the vast potential of data captured in space in order to push past the boundaries of the possible and find new sources of innovation. Although access to this data has traditionally been limited and costly, Open Cosmos removes these barriers with satellites that launch quickly and simply, providing fast access to data on climate changes, energy, resources, navigation and more." said Tom Lounibos, managing director, Accenture Ventures. 

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Price Action: ACN shares closed lower by 0.83% at $325.47 on Friday.