Accenture Completes Acquisition of Orbium, a Business and Technology Consultancy to the Financial Services Industry

Accenture (NYSE: ACN) has completed its acquisition of Orbium,
a management consultancy and technology services provider to the
financial services industry, further strengthening its ability to
provide innovative services to clients in the private-banking and
wealth-management space globally. Terms of the transaction were not
disclosed.

Headquartered in Switzerland, Orbium is the largest services provider
for the Avaloq Banking Suite — a leader in digital and core banking
software for the banking and wealth management industry, used by more
than 150 banks and wealth managers worldwide. A market leader in the
delivery of Avaloq-enabled business transformation projects, Orbium has
triple the number of Avaloq-certified specialists of any other company
and is authorized to provide training for Avaloq professional
certification.

“Wealth managers have a huge opportunity to win scale efficiencies
through new digital technologies,” said Michael Spellacy, senior
managing director and head of Accenture’s capital markets practice.
“This acquisition gives our clients a more rapid path to innovations
that will make them competitive in the next decade and beyond.”

The acquisition provides Accenture with the expertise of Orbium’s global
workforce as well as technical assets including project accelerators
developed specifically for the Avaloq platform.

Avaloq CEO Juerg Hunziker said: “We’re thrilled to see Accenture’s
increased commitment to the Avaloq platform. Accenture’s acquisition of
Orbium will scale up and accelerate their Avaloq implementation
expertise and reinforce our existing digital transformation capabilities
for wealth managers and banks globally. We would like to thank the
Orbium team for their part in our long-standing successful collaboration
and their impressive track record in implementing our platform, and we
look forward to continuing our partnership with Accenture even more
closely.”

Founded in 2004, Orbium has more than 500 employees and offices in more
than a dozen cities across Europe, Asia-Pacific and the United States.
Its clients include global tier-one banks, premium wealth managers and
private banks.

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 469,000 people serving clients in more than 120
countries, Accenture drives innovation to improve the way the world
works and lives. Visit us at www.accenture.com.

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