Accenture is investing millions in acquisitions to bolster its Accenture Cloud First and banking business units as the IT services powerhouse today unveiled its purchase of financial cloud services specialist Allgemeines Rechenzentrum GmbH with its 600 employees.
Accenture, which ranks No. 1 on CRN’s 500 Solution Providers 2022 list, plans to expand Accenture’s cloud-based banking platform as a service with the acquisition of Allgemeines Rechenzentrum GmbH ( ARZ), in part by leveraging the Austrian company’s technology competence center for innovation and services for the banking industry.
“Our vision is to develop an innovative, cloud-based banking platform-as-a-service offering for new and existing clients across Europe,” said Roland Smertnig, Senior Managing Director of Accenture’s Financial Services Practice. in Europe, in a press release. “By acquiring ARZ, we are extending our digital transformation capabilities to help the banks of the future as they seek to move more of their core functions to the cloud, enable new business models, and reinvent the services and experiences that they offer to customers.”
ARZ is majority owned by Volksbanken Group and Hypobanken Group as well as other private banks. Terms of the acquisition were not disclosed.
Recent Acquisitions of Accenture Cloud and Banking
ARZ isn’t the only company Accenture recently acquired to bolster its global cloud strategy.
In April, Ireland-based Accenture acquired Ergo, a data-driven cloud company that helps clients leverage big data, analytics and artificial intelligence for decision-making. The Argentina-based company has seen its 200 data scientists join Accenture’s Data & AI team within its Accenture Cloud First organization.
In late March, Accenture also acquired the cloud engineering and operational technology capabilities of Trancom ITS, a Japanese logistics technology services provider. About 200 engineers from Trancom ITS, which focuses on cloud-based logistics systems and optimizing warehouse operations with IoT and sensor technology, have joined Accenture’s Industry X business.
[Related: Accenture, Deloitte, PwC Lead Gartner’s Oracle Cloud Services Magic Quadrant]
On the banking front, Accenture acquired consultancy firm Exton Consulting in 2021. The France-based consultancy provides banking strategy support to financial services clients across Europe.
Accenture also made a strategic investment through its capital arm Accenture Ventures in cloud-based company Imburse, which provides a payment-as-a-service enterprise platform that simplifies the way businesses around the world people access the global payments ecosystem.
Accenture’s Banking Group aims to help retail and commercial banks and payment providers meet business, technology and regulatory challenges, as well as improve operational performance to build trust and engagement with customers. clients.
Accenture acquires seven companies in a few weeks
The $50.5 billion international IT services giant is known as one of the largest channel aggregators on the planet, steadily increasing its workforce and technology capabilities each year through dozens of acquisitions.
Accenture has acquired around 225 companies since 2013, aiming to grow through acquisitions at a rapid pace.
The company, which now has 700,000 employees, acquired seven companies in just six weeks, from late March to early May.
On May 2, Accenture acquired sustainability consultancy akzente, a Germany-based company that helps financial services, energy and consumer goods clients integrate sustainability into the core of their business.
In addition to Ergo and Trancom ITS, Accenture also recently acquired Greenfish, a Brussels-based engineering and consulting firm specializing in sustainability consulting services.
In April, Accenture finalized the acquisition of the British specialist in sustainable development consulting Avieco, as well as the Parisian company AFD Tech.
Finally, Accenture kicked off its wave of acquisitions on March 24 by acquiring Barcelona-based Alfa Consulting, which specializes in operations strategy in capital-intensive industries.
Accenture is one of the world’s largest global solutions providers, specializing in professional services, digital, cloud and security technologies. The company now serves customers in more than 120 countries.