Accenture to Buy Mudano to Enhance Analytics, Data Services; George Marcotte, Athina Kanioura Quoted

Accenture Applied Intelligence has agreed to buy Mudano, a strategic data consultancy to U.K. financial services firm, to improve the company’s analytics, data and artificial intelligence (AI) transformation capabilities, Accenture reported on Monday. Terms of the transaction were not disclosed.

“Mudano’s focus on helping clients build a ‘data culture’ aligns perfectly to Accenture’s Applied Intelligence strategy. 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.”said George Marcotte, managing director and head of  Accenture’s Applied Intelligence.

Accenture will gain over 20,000 industry-focused data professionals worldwide who help clients implement AI, including 6,000 data scientists, data engineers and AI professionals. The company will also integrate Mudano’s data advisory expertise and technology solutions into the existing capabilities to help Accenture’s clients generate value and return on investment from large-scale transformation projects.

Mudano has used the advanced analytics system, applied data science and modern data technologies to help the banks, insurers and wealth management firms transform customer behavior analytics, financial crime-prevention and intelligent data management.

“Our acquisition momentum in Applied Intelligence over the past six months enables us to deliver AI at scale to clients around the world across a range of industries,” said Athina Kanioura, chief analytics officer and global lead, Accenture Applied Intelligence. “By bringing new talent and capabilities into our business, we complement our ongoing organic growth strategy and increase our speed to market.”

About Accenture

Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network.

Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 505,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives.

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