Accenture Agrees to Purchase ARZ in Austria

Accenture Agrees to Purchase ARZ.


Accenture Agrees to Purchase ARZ in Austria to Increase Banking Platform-as-a-Service Capabilities Throughout Europe.

VIENNA & INNSBRUCK, Austria–(BUSINESS WIRE)–Accenture (NYSE: ACN) has agreed to accumulate Allgemeines Rechenzentrum GmbH (ARZ), a know-how service supplier targeted on the banking sector in Austria.

The acquisition will develop 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 places in Vienna and Innsbruck, ARZ operates a know-how competence heart for innovation and know-how providers within the banking sector in Austria.

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

“Our imaginative and prescient is to develop an modern cloud-based banking platform-as-a-service providing for brand spanking new and present purchasers throughout Europe,” stated Roland Smertnig, senior managing director in Accenture’s monetary providers apply in Europe.

“By buying ARZ, we’re increasing our digital transformation capabilities to assist banks of the longer term as they give the impression of being to maneuver extra of their core features to the cloud, allow new enterprise fashions, and reinvent the providers and experiences they supply to prospects.”

Michael Zettel, Accenture’s nation managing director in Austria added, “With this acquisition, we’re increasing our crew in Austria and can develop a complete heart of excellence on the Innsbruck location to serve our purchasers in Austria and throughout Europe.

The ARZ crew has the expertise and expertise to assist us develop and meet our banking purchasers’ wants now and, sooner or later, and we stay up for welcoming them to Accenture.”

Gerald Fleischmann, CEO of Volksbank Wien stated, “The transfer to Accenture is a strategically good improvement. Volksbanken and their prospects will profit from the mixed experience, the modern providers and collaboration between ARZ and Accenture.”

Johannes Haid, a board member of Hypo Tirol added, “Becoming a member of forces with Accenture will open up thrilling know-how coaching and profession alternatives for our workers in Innsbruck and Vienna.”

ARZ is the newest acquisition Accenture has made within the banking trade. Final 12 months Accenture acquired Exton Consulting, a French consulting agency offering banking technique assist 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 best way companies around the globe entry the worldwide funds ecosystem.

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

About Accenture

Accenture is a world skilled providers firm with main capabilities in digital, cloud and safety.

Combining unmatched expertise and specialised abilities throughout greater than 40 industries, we provide Technique and Consulting, Expertise and Operations providers and Accenture Music — all powered by the world’s largest community of Superior Expertise and Clever Operations facilities.

Our 699,000 individuals ship on the promise of know-how and human ingenuity daily, serving purchasers in additional than 120 nations. We embrace the ability of change to create worth and shared success for our purchasers, individuals, shareholders, companions and communities. Go to us at

Accenture’s Banking trade group helps retail and industrial 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

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