Accenture Agrees to Purchase ARZ.
[tta_listen_btn]
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.com.
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 https://www.accenture.com/us-en/industries/banking-index.
Ahead-Wanting Statements
Aside from the historic info and discussions contained herein, statements on this information launch could represent forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995.
Phrases akin to “could,” “will,” “ought to,” “seemingly,” “anticipates,” “expects,” “intends,” “plans,” “initiatives,” “believes,” “estimates,” “positioned,” “outlook” and comparable expressions are used to establish these forward-looking statements.
These statements contain a lot of dangers, uncertainties and different elements that might trigger precise outcomes to vary materially from these expressed or implied.
Most of the following dangers, uncertainties and different elements 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 growth of financial disruption or the battle’s present scope.
These dangers embody, with out limitation, dangers that: Accenture and Avieco won’t be able to shut the transaction within the time interval anticipated, or in any respect, which depends on the events’ potential to fulfill sure closing circumstances; the transaction won’t obtain the anticipated advantages for Accenture;
Accenture’s outcomes of operations have been, and will sooner or later be, adversely affected by unstable, adverse or unsure financial and political circumstances and the results 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 guard shopper and/or firm knowledge from safety incidents or cyberattacks;
Accenture’s enterprise depends upon producing and sustaining ongoing, worthwhile shopper demand for the corporate’s providers and options together with by means of the difference and growth of its providers and options in response to ongoing modifications in know-how and choices, and a big discount in such demand or an lack of ability to answer the evolving technological atmosphere might materially have an effect on the corporate’s outcomes of operations;
If Accenture is unable to match individuals and abilities with shopper demand around the globe and appeal to and retain professionals with sturdy management abilities, the corporate’s enterprise, the utilization price 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 would proceed to take action and its affect on the corporate’s future monetary outcomes are unsure;
The markets by which Accenture operates are extremely aggressive, and Accenture won’t have the ability to compete successfully; Accenture’s potential to draw and retain enterprise and workers could depend upon its popularity within the market;
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 may very well be adversely affected;
Accenture’s profitability might materially endure 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;
Modifications in Accenture’s degree of taxes, in addition to audits, investigations and tax proceedings, or modifications in tax legal guidelines or of their interpretation or enforcement, might have a fabric opposed impact on the corporate’s efficient tax price, outcomes of operations, money flows and monetary situation;
Accenture’s outcomes of operations may very well be materially adversely affected by fluctuations in international foreign money alternate charges; modifications to accounting requirements or within the estimates and assumptions Accenture makes in reference to the preparation of its consolidated monetary statements might adversely have an effect on its monetary outcomes;
Accenture is likely to be unable to entry further capital on favorable phrases or in any respect and if the corporate raises fairness capital, it could dilute its shareholders’ possession curiosity within the firm; on account of Accenture’s geographically various operations and its development technique to proceed to develop in its key markets around the globe, the corporate is extra inclined to sure dangers;
If Accenture is unable to handle the organizational challenges related to its dimension, the corporate is likely to be unable to realize its enterprise goals; Accenture won’t achieve success at buying, investing in or integrating companies, getting into into joint ventures or divesting companies;
Accenture’s enterprise may very well be materially adversely affected if the corporate incurs authorized legal responsibility; Accenture’s world 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 further dangers inherent within the authorities contracting atmosphere; if Accenture is unable to guard 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 potential to make the most of the mental property of others, its enterprise may very well be adversely affected;
Accenture’s outcomes of operations and share worth may very well be adversely affected whether it is unable to take care of efficient inner controls; Accenture could also be topic to criticism and adverse publicity associated to its incorporation in Eire;
In addition to the dangers, uncertainties and different elements mentioned beneath the “Danger Elements” heading in Accenture plc’s most up-to-date Annual Report on Kind 10-Okay and different paperwork filed with or furnished to the Securities and Trade Fee.
Statements on this information launch converse solely as of the date they had been made, and Accenture undertakes no responsibility to replace any forward-looking statements made on this information launch or to adapt such statements to precise outcomes or modifications in Accenture’s expectations.