London-based digital consultancy Bow & Arrow has become the sixth innovation agency to be bought by Accenture in the last year. The acquisition, for an undisclosed sum, is part of a flurry of deals by big consultancies to buy small innovation-based advisory business.
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A chart showing the rise in the number of innovation agency acquisitions by the five big consultancy firms (Accenture, McKinsey, Deloitte, Boston Consulting Group and Capgemini) since 2013.