Accenture acquires the financial professional services assets of Zafin

Accenture acquired professional services assets from Zafin, a financial services software provider. The search for talent is part of a larger strategic alliance between Accenture and Zafin that has surfaced today.

Under the terms of the agreement:

  • Selected Employees from Zafin’s Professional Services Business Join Accenture’s Global Financial Services Practice;
  • Accenture becomes Zafin’s preferred integrator for the company’s financial software platform. Zafin’s software helps financial services companies and banks with their pricing, product and customer strategies.

Financial terms and staffing of the relationship were not disclosed.

In a prepared statement, Alan mcintyre, Senior Managing Director of Accenture and responsible for its global banking practice, said:

“Many financial institutions are hampered in improving their customer experience by the limitations of existing IT systems. Zafin’s software enables financial institutions to improve their pricing, personalization and configuration of their products without having to replace their old systems. We look forward to working with Zafin to bring these capabilities to our financial services clients around the world.

Addition of Al Karim Somji, founder and CEO of the Zafin group:

“These agreements with Accenture will allow us to focus more on innovation and product technology. We are especially proud of the work we have done with our clients globally and hope that our expanded relationship with Accenture will allow us to accelerate our momentum in the market. This agreement simplifies our operating model and provides Zafin with rapid scalability. “

The transaction is expected to be finalized in the first quarter of 2019.

Accenture acquisitions: the growing list

In recent months, Accenture has made numerous acquisitions as part of its billion-dollar mergers and acquisitions in digital, cloud and security services.

Other recent Accenture offerings include:

Accenture is expected to announce its latest quarterly results on December 20, 2018.

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