Accenture has agreed to acquire UK-based data consultancy firm Mudano to bolster its analytics and data transformation services to financial services firms in the UK.
The financial terms of the deal have not been disclosed.
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Uses advanced analytics and applied data science, the acquired firm enables financial firms to analyse data related to customer behaviour and financial crime-prevention, among others.
Mudano’s client base includes banks, insurance companies and wealth management firms.
Mudano currently has a physical presence in London, Edinburgh, and Scotland.
Accenture managing director George Marcotte said: “Mudano’s focus on helping clients build a ‘data culture’ aligns perfectly to Accenture’s Applied Intelligence strategy.
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By GlobalData“By creating a strong data foundation — supported by the right skills, stakeholders and technologies — our clients can transform at speed and scale and fuel real change for their business.”
Post-acquisition, Mudano will fully merge into Accenture’s Applied Intelligence division which has over 20,000 employees including 6000 data scientists, data engineers and AI professionals.
Accenture hopes that Mudano’s data advisory expertise will enable it in aiding clients generate measurable value and return on investment from large-scale transformation projects.
The completion of the acquisition is subject to receipt of regulatory approvals.
Accenture Applied Intelligence has previously acquired Clarity Insights, Pragsis Bidoop and Analytics8 to expand its footprint in the US, Spain, and Australia, respectively.
Last year, Accenture completed 33 acquisitions globally spending nearly $1.2bn.
In 2018, Accenture acquired banking technology services provider SEC Servizi Spa to lead digital transformation in Italy.
