November 28, 2017

Accenture (NYSE: ACN) has made a minority investment in 1QBit, a leading quantum computing firm based in Vancouver, British Columbia, through Accenture Ventures. The move will help Accenture expand its capabilities in quantum computing analytics, heralding a new era of intelligence for businesses and organizations. 

“By strengthening our relationship with 1QBit, Accenture has a significant opportunity to extend our first-mover advantage in applying quantum computing to create breakthrough innovations that help clients solve their most complex business challenges.The potential applications and benefits of quantum-inspired analytics is generating strong interest across numerous industries including financial services, life sciences, and oil & gas.”

– Paul Daugherty, Chief Technology & Innovation Officer, Accenture

In addition, the two companies have formed a strategic alliance under which Accenture will be 1QBit’s preferred systems integrator. Accenture has also been granted a license to use the 1QBit platform for demonstration, training, and the development and testing of Accenture tools and assets. Accenture will leverage its alliance with 1QBit to develop a quantum-inspired analytics capability through Accenture Analytics and scale pilot opportunities identified through the Accenture Labs.

“Establishing a strategic relationship with Accenture enables us to tap their vast capabilities, and bring 1QBit’s expertise in quantum computing to a much broader base of clients. We are incredibly excited about the opportunities that our new relationship provides to help organizations take advantage of the benefits created by quantum-inspired analytics.”

– Andrew Fursman, CEO 1QBit and IEEE P7130 working group participant

Press Release: Accenture Invests in and Forms Strategic Alliance with Leading Quantum Computing Firm 1QBit