Accenture has agreed to acquire Allgemeines Rechenzentrum GmbH (ARZ), a technology service provider focused on the banking sector in Austria.
The acquisition will expand Accenture’s cloud-based banking platform-as-a-service offerings, ranging from core banking services to online banking as well as regulatory services for banking clients across Europe.
ARZ is majority-owned by Volksbanken Group and Hypobanken Group as well as other private banks. With locations in Vienna and Innsbruck, ARZ operates a technology competence center for innovation and technology services in the banking sector in Austria.
ARZ’s approximately 600 employees will join Accenture and will continue to work in their existing locations in Vienna and Innsbruck.
ARZ is the latest acquisition Accenture has made in the banking industry. Last year Accenture acquired Exton Consulting, a French consulting firm providing banking strategy support to financial services clients across Europe.
Accenture also made a strategic investment, through Accenture Ventures, in Imburse, a cloud-based, payments-as-a-service enterprise platform that simplifies the way businesses around the world access the global payments ecosystem.