Accenture Agrees to Acquire ARZ in Austria to Expand Banking Platform-as-a-Service Capabilities Across Europe & More Trending News

 

Accenture Agrees to Acquire ARZ in Austria to Expand Banking Platform-as-a-Service Capabilities Across Europe

VIENNA and INNSBRUCK, AUSTRIA; June 1, 2022 – Accenture (NYSE: ACN) has agreed to purchase Allgemeines Rechenzentrum GmbH (ARZ), a know-how service supplier targeted on the banking sector in Austria.

The acquisition will increase Accenture’s cloud-based banking platform-as-a-service choices, starting from core banking providers to on-line banking in addition to regulatory providers for banking purchasers throughout Europe.

ARZ is majority-owned by Volksbanken Group and Hypobanken Group in addition to different non-public banks. With areas in Vienna and Innsbruck, ARZ operates a know-how competence heart for innovation and know-how providers in the banking sector in Austria.

ARZ’s roughly 600 workers will be part of Accenture and can proceed to work in their present areas in Vienna and Innsbruck.

“Our vision is to develop an innovative cloud-based banking platform-as-a-service offering for new and existing clients across Europe,” stated Roland Smertnig, senior managing director in Accenture’s monetary providers observe in Europe. “By acquiring ARZ, we are expanding our digital transformation capabilities to help banks of the future as they look to move more of their core functions to the cloud, enable new business models, and reinvent the services and experiences they provide to customers.”

Michael Zettel, Accenture’s nation managing director in Austria added, “With this acquisition, we are expanding our team in Austria and will develop a comprehensive center of excellence at the Innsbruck location to serve our clients in Austria and throughout Europe. The ARZ team has the experience and talent to help us grow and meet our banking clients’ needs now and, in the future, and we look forward to welcoming them to Accenture.”

Gerald Fleischmann, CEO of Volksbank Wien stated, “The move to Accenture is a strategically smart development. Volksbanken and their customers will benefit from the combined expertise, the innovative services and collaboration between ARZ and Accenture.”

Johannes Haid, a board member of Hypo Tirol added, “Joining forces with Accenture will open up exciting technology training and career opportunities for our employees in Innsbruck and Vienna.”

ARZ is the newest acquisition Accenture has made in the banking business. Last yr Accenture acquired Exton Consulting, a French consulting agency offering banking technique help to monetary providers purchasers throughout Europe. Accenture additionally made a strategic funding, by means of Accenture Ventures, in Imburse, a cloud-based, payments-as-a-service enterprise platform that simplifies the way in which companies world wide entry the worldwide funds ecosystem.

Terms of the transaction weren’t disclosed. Completion of the acquisition is topic to customary closing circumstances.

About Accenture

Accenture is a worldwide skilled providers firm with main capabilities in digital, cloud and safety. Combining unmatched expertise and specialised expertise throughout greater than 40 industries, we provide Strategy and Consulting, Technology and Operations providers and Accenture Song – all powered by the world’s largest community of Advanced Technology and Intelligent Operations facilities. Our 699,000 folks ship on the promise of know-how and human ingenuity every single day, serving purchasers in greater than 120 nations. We embrace the facility of change to create worth and shared success for our purchasers, folks, shareholders, companions and communities. Visit us at accenture.com.

Accenture’s Banking business group helps retail and business banks and funds suppliers enhance innovation; handle enterprise, know-how and regulatory challenges; and enhance operational efficiency to construct belief and engagement with prospects and develop extra profitably and securely. To study extra, go to https://www.accenture.com/us-en/industries/banking-index.

Forward-Looking Statements

Except for the historic data and discussions contained herein, statements in this information launch might represent forward-looking statements throughout the that means of the Private Securities Litigation Reform Act of 1995. Words akin to “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and related expressions are used to establish these forward-looking statements. These statements contain quite a few dangers, uncertainties and different components that would trigger precise outcomes to differ materially from these expressed or implied. Many of the next dangers, uncertainties and different components recognized beneath could also be amplified by the invasion of Ukraine by Russia, the sanctions (together with their length), and different measures being imposed in response to this battle, in addition to any escalation or enlargement of financial disruption or the battle’s present scope. These dangers embrace, with out limitation, dangers that: Accenture and Avieco won’t be able to shut the transaction in the time interval anticipated, or in any respect, which relies on the events’ capacity to fulfill sure closing circumstances; the transaction may not obtain the anticipated advantages for Accenture; Accenture’s outcomes of operations have been, and should in the long run be, adversely affected by unstable, destructive or unsure financial and political circumstances and the consequences of those circumstances on the corporate’s purchasers’ companies and ranges of enterprise exercise; Accenture faces authorized, reputational and monetary dangers from any failure to shield consumer and/or firm knowledge from safety incidents or cyberattacks; Accenture’s enterprise is dependent upon producing and sustaining ongoing, worthwhile consumer demand for the corporate’s providers and options together with by means of the difference and enlargement of its providers and options in response to ongoing adjustments in know-how and choices, and a major discount in such demand or an incapability to reply to the evolving technological surroundings may materially have an effect on the corporate’s outcomes of operations; if Accenture is unable to match folks and expertise with consumer demand world wide and appeal to and retain professionals with robust management expertise, the corporate’s enterprise, the utilization charge of the corporate’s professionals and the corporate’s outcomes of operations could also be materially adversely affected; the COVID-19 pandemic has impacted Accenture’s enterprise and operations, and the extent to which it’s going to proceed to achieve this and its impression on the corporate’s future monetary outcomes are unsure; the markets in which Accenture operates are extremely aggressive, and Accenture may not give you the chance to compete successfully; Accenture’s capacity to appeal to and retain enterprise and workers might rely on its popularity in {the marketplace}; if Accenture doesn’t efficiently handle and develop its relationships with key alliance companions or fails to anticipate and set up new alliances in new applied sciences, the corporate’s outcomes of operations could possibly be adversely affected; Accenture’s profitability may materially undergo if the corporate is unable to acquire favorable pricing for its providers and options, if the corporate is unable to stay aggressive, if its cost-management methods are unsuccessful or if it experiences supply inefficiencies or fail to fulfill sure agreed-upon targets or particular service ranges; adjustments in Accenture’s degree of taxes, in addition to audits, investigations and tax proceedings, or adjustments in tax legal guidelines or in their interpretation or enforcement, may have a cloth hostile impact on the corporate’s efficient tax charge, outcomes of operations, money flows and monetary situation; Accenture’s outcomes of operations could possibly be materially adversely affected by fluctuations in international forex change charges; adjustments to accounting requirements or in the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements may adversely have an effect on its monetary outcomes; Accenture is perhaps unable to entry extra capital on favorable phrases or in any respect and if the corporate raises fairness capital, it might dilute its shareholders’ possession curiosity in the corporate; because of Accenture’s geographically various operations and its progress technique to proceed to increase in its key markets world wide, the corporate is extra vulnerable to sure dangers; if Accenture is unable to handle the organizational challenges related to its measurement, the corporate is perhaps unable to obtain its enterprise aims; Accenture may not achieve success at buying, investing in or integrating companies, coming into into joint ventures or divesting companies; Accenture’s enterprise could possibly be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s international operations expose the corporate to quite a few and generally conflicting authorized and regulatory necessities; Accenture’s work with authorities purchasers exposes the corporate to extra dangers inherent in the federal government contracting surroundings; if Accenture is unable to shield or implement its mental property rights or if Accenture’s providers or options infringe upon the mental property rights of others or the corporate loses its capacity to make the most of the mental property of others, its enterprise could possibly be adversely affected; Accenture’s outcomes of operations and share value could possibly be adversely affected whether it is unable to keep efficient inner controls; Accenture could also be topic to criticism and destructive publicity associated to its incorporation in Ireland; in addition to the dangers, uncertainties and different components mentioned beneath the “Risk Factors” heading in Accenture plc’s most up-to-date Annual Report on Form 10-Okay and different paperwork filed with or furnished to the Securities and Exchange Commission. Statements in this information launch converse solely as of the date they have been made, and Accenture undertakes no responsibility to replace any forward-looking statements made in this information launch or to conform such statements to precise outcomes or adjustments in Accenture’s expectations.

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Contact:

Peter Auer

Accenture Austria

+43 676872033142

[email protected]

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Accenture Agrees to Acquire ARZ in Austria to Expand Banking Platform-as-a-Service Capabilities Across Europe

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