Accenture has acquired Altus Consulting from Equisoft to reinforce its companies for insurance coverage and investments purchasers within the UK.
Monetary phrases of the transaction haven’t been disclosed.
This transfer goals to enhance Accenture’s capabilities in providing “end-to-end transformation” initiatives for its purchasers.
Arrange in 2005, Altus Consulting gives advisory companies, leveraging data-driven insights and detailed modelling.
The corporate has information of the working fashions, information constructions and platforms that underpin monetary companies organisations.
It specialises in designing and delivering enterprise and expertise options to assist purchasers navigate advanced challenges, enhancing administration processes, buyer expertise, and product design.
Its venture portfolio covers office and particular person pensions, annuities, funding and asset administration options, in addition to speciality markets and basic insurance coverage segments together with motor and medical insurance coverage.
As a part of the deal, Altus Consulting’s staff will be a part of Accenture’s Insurance coverage follow within the UK, bringing experience in areas comparable to distribution, danger and regulation, working fashions, information and expertise.
The acquisition additionally provides a spread of software program merchandise, together with an operational and regulatory affect evaluation device.
Accenture UK & Eire Insurance coverage lead Carmina Lees mentioned: “A powerful monetary companies sector is the spine of a thriving economic system within the UK, with insurers serving to clients by means of a number of the most difficult intervals of their lives. Advances in expertise current a major alternative to create development and efficiencies for this very important sector however provided that they will harness it.
“Our acquisition of Altus Consulting will speed up our aim of serving to purchasers to reinvent their enterprise, constructing digital capabilities that allow them to raised serve clients as they plan for his or her futures.”
This newest acquisition builds on a number of strategic strikes by Accenture in recent times, together with the purchases of BCS Consulting and Mudano, to develop its monetary companies capabilities within the UK.
With the divestiture, Equisoft will retain the previous Altus software program enterprise, sustaining its give attention to providing software program merchandise and instruments for the life insurance coverage, pensions and investments sectors.
In September final yr, Accenture and US-based insurance coverage firm F&G entered right into a partnership to bolster the latter’s expertise infrastructure to drive development in its annuity enterprise.
