Accenture to acquire Orbium
Accenture is set to acquire Orbium, a Switzerland-based management consultancy and technology services provider to the financial services industry. The terms of the deal have not yet been disclosed. The acquisition is seen to further boost Accenture’s capability to provide innovative services to clients in the private banking and wealth management space globally. Also, the acquisition will provide Accenture with access to the expertise of Orbium’s global workforce, as well as technical assets such as project accelerators developed specifically for the Avalog platform. Orbium is the largest services provider for the Avalog Banking Suite, a leader in digital and core banking software for the banking and wealth management industry, and which is used by more than 150 banks and wealth managers worldwide. According to Michael Spellacy, senior managing director and head of Accenture’s global capital markets practice, Orbium has a unique combination of management consultancy, technology and program-management resources and capabilities that will enable Accenture to accelerate its services in the sector.
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