Accenture is acquiring Optimind, an independent consulting firm that provides advisory services and solutions to insurance firms, banks, and other corporate clients. Financial terms of the deal were not disclosed.
This is technology M&A deal number 81 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2022, 2021, and 2020 listed here.
Accenture, founded in 1989, is headquartered in Dublin, Ireland and has more than 70 locations around the globe. The company has 710,000 employees listed on LinkedIn. Accenture’s areas of expertise include management consulting, systems integration and technology, business process outsourcing and application and infrastructure outsourcing.
Optimind, founded in 2000, is based in Paris, France. The company has 377 employees listed on LinkedIn. Optimind’s areas of expertise include Risk Management, Digital, Human Resources, Business Process Outsourcing, Digital Transformation, Compliance, Market, Data, Strategy, Risk, Actuarial & Financial Services, Corporate Risk Services, Finance & Accounting services.
Accenture will make use of Optimind’s risk management value chain offering, which covers the spectrum from strategy to finance, from quantitative modeling to compliance, from mapping to continuity plans, Accenture said.
The acquisition will complement Accenture’s existing finance and risk management capabilities and further strengthen its ability to help clients successfully navigate disruption and drive enterprise value, the company said, allowing it to address the entire value chain and help its clients accelerate and scale their financial and compliance transformation projects.
Accenture Acquires Optimind: Executive Commentary
Khalid Lahraoui, Financial Services Lead for Accenture France & Benelux, said:
“The acquisition of Optimind would enhance our ability to help clients embrace change, accelerate transformation, unlock value, and build new and disruptive risk models. This acquisition would enhance Accenture’s standing as one of the leading Strategy & Consulting firm for Financial Services clients, taking our innovative end-to-end solutions to new levels of speed and scale across Europe.”
Christophe Eberle, CEO and founder of Optimind, added:
“Our people will provide expertise in qualitative, quantitative and administrative risk management services and solutions. Joining Accenture would allow us to expand our global footprint and create new business opportunities for our company and our people. Together, we could support our clients on a broader base at a time when business, financial and regulatory changes are about to change the historical balance and mean our clients need our support more than ever.”
Accenture’s Acquisition Growth
Accenture has made roughly two-dozen acquisitions in the last 12 months.