Accenture has acquired Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider focused on the banking sector. Austria.. The financial terms of the transaction have not been disclosed.
This is the Technology M & A transaction number 516 that Channel E2E has covered so far in 2022. See over 1,000 technology M & A transactions involving MSPs, MSSPs, and IT service providers listed here.
Accenture acquires ARZ
Accenture’s acquisition of ARZ Austria Buyers said it would help global IT consulting firms expand their banking platform capabilities as a service throughout Europe. ARZ has the following locations Vienna Innsbruck operates a technology competency center for innovation and technology services in the banking sector. Austria.. ARZ was dominated by Volksbanken Group and Hypobanken Group, as well as other private banks.
The acquisition expands Accenture’s offering of banking platforms as a cloud-based service, ranging from core banking services to online banking and even regulatory services for banking clients. Europe, Accenture said. Approximately 600 ARZ employees will join Accenture and continue to work in ARZ’s existing offices.
Roland Smertnig, Senior Managing Director, Accenture Financial Services Operations
Roland Smertnig, Senior Managing Director of Accenture’s Financial Services Operations Europe, comment:
“Our vision is to develop a banking platform as an innovative cloud-based service for new and existing clients around the world. Europe. The acquisition of ARZ extends digital transformation capabilities and helps future banks move many of their core capabilities to the cloud, enable new business models, and reinvent the services and experiences they deliver to their customers. To do. “
Michael ZetterManaging Director of Accenture Country Austria Added,
“This acquisition will expand our team. Austria Developed a comprehensive center of excellence in the location of Innsbruck, Austria And the whole Europe.. The ARZ team has the experience and talent to help grow and meet the needs of banking clients now and in the future. We look forward to welcoming you to Accenture. “
Gerald FreishmannVolksbank Wien CEO said:
“The move to Accenture is a strategically wise development. Volksbanken and its customers can benefit from the combination of ARZ and Accenture’s expertise, innovative services and collaboration.”
Accenture M & A activities
Global IT consulting firm Accenture ($ ACN) typically acquires dozens of companies each year. Many of the transactions focus on cloud services, cybersecurity, digital transformation, data and analytics, managed services, sustainability and advertising agencies. A complete list of Accenture acquisitions tracked by Channel E2E can be found here.
ARZ is Accenture’s latest acquisition in the banking industry. Accenture acquired French consulting firm Exton Consulting last year to provide financial services clients around the world with banking strategy support. Europe.. Accenture has also made a strategic investment in Imburse, an enterprise platform that pays as a cloud-based service, through Accenture Ventures.
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