Accenture Completes Acquisition of ARZ’s Staff members and Small business Assets
VIENNA and INNSBRUCK, Austria Dec. 1, 2022 – Accenture (NYSE: ACN) has accomplished its acquisition of the individuals and small business assets of Allgemeines Rechenzentrum GmbH (ARZ), a technological know-how services provider centered on the banking sector in Austria. Economic phrases of the transaction, previously announced on June 1, were being not disclosed.
The acquisition of ARZ’s organization abilities expands Accenture’s cloud-dependent banking choices, ranging from main banking providers to online banking, as effectively as regulatory expert services for clients across Europe. Accenture has also signed a collection of agreements to supply technology solutions to ARZ’s current consumers.
“The addition of ARZ supports Accenture’s eyesight to build an ground breaking cloud-based banking-as-provider platform, leveraging technologies from IBM, Microsoft and SAP,” stated Roland Smertnig, senior managing director in Accenture’s monetary companies exercise in Europe. “We will build a complete center of excellence in Innsbruck to assist banking institutions shift main capabilities to the cloud, help new small business types and reinvent customer company and working experience.”
ARZ’s roughly 600 employees have joined Accenture and will proceed to get the job done in their present spots in Vienna and Innsbruck.
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