The FINANCIAL — Accenture has completed its acquisition of InvestTech Systems Consulting, one of the market leaders in investment technology systems-integration and consulting services that support many of the world’s largest asset managers and investment service providers.
The acquisition expands Accenture’s capabilities to help global investment managers, institutional investors and asset servicers stay in front of new and emerging digital innovations and technology paradigms to strengthen their competitiveness. Terms of the transaction were not disclosed, according to Accenture.
It represents Accenture’s second asset management industry-focused acquisition in a little over a year. In December 2015, Accenture acquired Beacon Consulting Group to enhance its management consulting capabilities and expand its back-office and middle-office client relationships with five of the top 10 North American asset management firms.