Accenture has purchased Downdetector and Speedtest from Ookla in a $1.2 billion deal. The acquisition brings two widely-used internet diagnostic tools under the consulting firm's portfolio.
Accenture's purchase of the two platforms expands its capabilities in network monitoring and performance analytics. Downdetector tracks outages across major services and websites, while Speedtest measures internet connection speeds—both are frequently used by consumers and enterprises to diagnose connectivity issues.
The deal represents Accenture's push into infrastructure monitoring as businesses increasingly rely on real-time visibility into their digital performance. Financial terms confirm the $1.2 billion valuation, though specifics on earn-outs or contingencies were not disclosed.
Ookla, which has operated both services, will transition operations to Accenture. The platforms will continue functioning independently while being integrated into Accenture's broader service offerings for enterprise clients.
The acquisition comes amid growing demand for network reliability solutions, particularly as organizations manage hybrid work environments and complex cloud infrastructure.
Taiwan Semiconductor Manufacturing Co.'s US-listed shares are trading at a two-year low premium as local investors increase positions in Taipei, betting on extended gains from the AI boom.
Silicon Valley spent unprecedented sums ahead of California's June primary election to influence state policy. Tech leaders funded candidates and ballot measures in a coordinated effort to protect their political interests.
A Bain & Co. survey finds automation savings are underperforming expectations at large companies, raising questions about how AI investment returns are being distributed and whether executives should be concerned.
Twitch announced Dual Format, a new feature enabling creators to stream in horizontal and vertical formats simultaneously. The company revealed the update at TwitchCon Europe.