Accenture to Acquire Austrian Allgemeines Rechenzentrum

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Accenture(NYSE: ACN) is to acquire Allgemeines Rechenzentrum GmbH (ARZ), a Vienna and Innsbruck, Austria-based technology service provider focused on the banking sector.

The deal’s value, which is subject to standard closing conditions, wasn’t disclosed.

The acquisition will expand Accenture’s cloud-based banking platform-as-a-service offerings, ranging from core banking services to online banking as well as regulatory services for banking clients across Europe.  Accenture’s Banking industry group helps retail and commercial banks and payments providers boost innovation; address business, technology and regulatory challenges; and improve operational performance to build trust and engagement with customers and grow more profitably and securely.

ARZ is a major shareholder of Hypobanken Group and Volksbanken Group. It also owns other private banks. ARZ has a technology competence centre for innovation and technology services within the Austrian banking sector. Accenture will take over the 600 employees and they will work at their current locations in Vienna or Innsbruck.

Accenture’s latest acquisition is ARZ in the banking industry. Last year the company acquired Exton Consulting, a French consulting firm providing banking strategy support to financial services clients across Europe. Accenture also made a strategic investment, through Accenture Ventures, in Imburse, a cloud-based, payments-as-a-service enterprise platform that simplifies the way businesses around the world access the global payments ecosystem.

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