Accenture (NYSE: ACN) is to acquire Orbium, a Geneva, Switzerland-based management consultancy and technology services provider to the financial services industry.
The amount of the deal – subject to customary closing conditions – was not disclosed.
The acquisition will further strengthen Accenture’s ability to provide innovative services to clients in the private-banking and wealth-management space globally.
Founded in 2004, Orbium is a services provider for the Avaloq Banking Suite — a leader in digital and core banking software for the banking and wealth management industry, used by more than 150 banks and wealth managers worldwide. The company gives private banks and wealth managers the tools to improve their performance by aligning their business strategy with their operating model and technology architecture.
Orbium has more than 500 employees and offices in more than a dozen cities across Europe, Asia-Pacific and the United States. Its clients include global tier-one banks, premium wealth managers and private banks.
FinSMEs
09/01/2019