Sources tell the Wall Street Journal that Accenture (ACN) is negotiating a deal to purchase privately-held consulting firm Booz & Co., though no agreement has yet been finalized.

Booz & Co. has a strong presence in operations consulting, a market in which Accenture would like to increase its business. If a deal is secured, it will mark just the latest acquisition by Accenture, which has already purchased two other companies this year.

Formerly a division of Booz Allen Hamilton (BAH), Booz & Co. was spun off from the defense and government services contractor in 2008. The consulting business generated revenue of $1.4 billion last year, up from $1.2 billion in 2011.

Accenture’s, which competes with IBM (IBM) and Hewett-Packard (HPQ) in the global enterprise consulting business, posted $27.9 billion in worldwide revenue during its most recent fiscal year. The company employs 266,000 workers, compared to 3,000 for Booz & Co.

Shares of Accenture were flat in Wednesday pre-market trading.