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Accenture will soon acquire Mudano, a strategic data consultancy to UK financial services firms. While the terms of the transaction have not been disclosed, the intent of the acquisition is to enhance Accenture’s analytics, data, and artificial intelligence (AI) transformation capabilities.
After the acquisition, Mudano’s team of data professionals will join Accenture Applied Intelligence, which employs more than 20,000 professionals worldwide who help clients scale artificial intelligence, including 6,000 data scientists, data engineers, and artificial intelligence professionals.
Ed Broussard, Mudano CEO, said, “Accenture’s reputation for excellence and large-scale delivery will enable us to help clients realize the benefits of data transformation — from setting the strategy and building the culture to leveraging the game-changing insights that data analytics can bring. We are excited to become part of one of the world’s leading companies and look forward to the opportunities this will bring for our employees and clients.”
Founded in 2014 and headquartered in London, with a presence in Edinburgh, Scotland, Mudano uses advanced analytics, applied data science and modern data technologies to help the UK’s largest banks, insurers and wealth management firms transform key areas, such as 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.”
In its 2019 fiscal year, Accenture invested nearly US$1.2 billion on 33 acquisitions globally to acquire critical skills and capabilities in strategic, high-growth areas of the market.