Accenture Acquires Altus Consulting to Strengthen Capabilities for Insurance and Investments Clients in the UK
Accenture (NYSE: ACN) has acquired Altus Consulting, a UK-based leader in consulting and digital transformation, to enhance its strategic advisory and delivery services for insurance, investments and financial services businesses. Founded in 2005, Altus Consulting specializes in advisory services with data-driven insights and detailed modeling for life, pensions, investments, and insurance sectors.
The acquisition brings Altus Consulting's skilled team into Accenture's Insurance practice, adding expertise in distribution, risk & regulation, operating models, data, and technology. The deal includes comprehensive operational and regulatory impact assessment tools to augment Accenture's existing assets.
This strategic move follows Accenture's recent acquisitions of BCS Consulting and Mudano, further expanding its UK financial services capabilities. The acquisition was made from Equisoft Inc., which retains the former Altus software business. Financial terms were not disclosed.
Accenture (NYSE: ACN) ha acquisito Altus Consulting, un leader nel Regno Unito nella consulenza e nella trasformazione digitale, per migliorare i suoi servizi di consulenza strategica e di delivery per le aziende di assicurazioni, investimenti e servizi finanziari. Fondata nel 2005, Altus Consulting è specializzata in servizi di consulenza con approfondimenti basati sui dati e modelli dettagliati per i settori della vita, delle pensioni, degli investimenti e delle assicurazioni.
L'acquisizione porta il team qualificato di Altus Consulting nella pratica Assicurativa di Accenture, aggiungendo competenze in distribuzione, rischio e regolamentazione, modelli operativi, dati e tecnologia. L'accordo include strumenti completi per la valutazione dell'impatto operativo e normativo per integrare le risorse esistenti di Accenture.
Questa mossa strategica segue le recenti acquisizioni di Accenture di BCS Consulting e Mudano, ampliando ulteriormente le sue capacità nei servizi finanziari nel Regno Unito. L'acquisizione è stata effettuata da Equisoft Inc., che mantiene l'ex business software di Altus. I termini finanziari non sono stati divulgati.
Accenture (NYSE: ACN) ha adquirido Altus Consulting, un líder en el Reino Unido en consultoría y transformación digital, para mejorar sus servicios de asesoría estratégica y entrega para empresas de seguros, inversiones y servicios financieros. Fundada en 2005, Altus Consulting se especializa en servicios de asesoría con análisis basados en datos y modelado detallado para los sectores de vida, pensiones, inversiones y seguros.
La adquisición incorpora al equipo calificado de Altus Consulting en la práctica de Seguros de Accenture, añadiendo experiencia en distribución, riesgo y regulación, modelos operativos, datos y tecnología. El acuerdo incluye herramientas completas para la evaluación del impacto operativo y regulatorio para complementar los activos existentes de Accenture.
Este movimiento estratégico sigue a las recientes adquisiciones de Accenture de BCS Consulting y Mudano, ampliando aún más sus capacidades en servicios financieros en el Reino Unido. La adquisición se realizó de Equisoft Inc., que retiene el antiguo negocio de software de Altus. Los términos financieros no fueron divulgados.
Accenture (NYSE: ACN)는 Altus Consulting을 인수했습니다. Altus Consulting은 영국에 본사를 둔 컨설팅 및 디지털 혁신의 선두주자로, 보험, 투자 및 금융 서비스 기업을 위한 전략적 자문 및 서비스 제공을 강화하기 위해 인수되었습니다. 2005년에 설립된 Altus Consulting은 생명, 연금, 투자 및 보험 분야를 위한 데이터 기반 통찰력과 상세한 모델링을 전문으로 합니다.
이번 인수로 Altus Consulting의 숙련된 팀이 Accenture의 보험 부문에 합류하게 되어, 유통, 위험 및 규제, 운영 모델, 데이터 및 기술에 대한 전문성이 추가됩니다. 이 거래에는 Accenture의 기존 자산을 보완하기 위한 포괄적인 운영 및 규제 영향 평가 도구가 포함됩니다.
이 전략적 움직임은 Accenture가 최근 BCS Consulting과 Mudano를 인수한 이후 이루어진 것으로, 영국 금융 서비스 능력을 더욱 확장하고 있습니다. 인수는 Altus 소프트웨어 비즈니스를 보유한 Equisoft Inc.로부터 이루어졌습니다. 재무 조건은 공개되지 않았습니다.
Accenture (NYSE: ACN) a acquis Altus Consulting, un leader britannique en conseil et transformation numérique, afin d'améliorer ses services de conseil stratégique et de livraison pour les entreprises d'assurance, d'investissement et de services financiers. Fondée en 2005, Altus Consulting se spécialise dans les services de conseil avec des analyses basées sur les données et des modélisations détaillées pour les secteurs de la vie, des retraites, des investissements et des assurances.
L'acquisition intègre l'équipe qualifiée d'Altus Consulting dans la pratique Assurance d'Accenture, ajoutant une expertise en distribution, risque et réglementation, modèles opérationnels, données et technologie. L'accord comprend des outils d'évaluation de l'impact opérationnel et réglementaire complets pour compléter les actifs existants d'Accenture.
Ce mouvement stratégique fait suite aux récentes acquisitions d'Accenture, notamment BCS Consulting et Mudano, élargissant encore ses capacités dans les services financiers au Royaume-Uni. L'acquisition a été réalisée auprès d'Equisoft Inc., qui conserve l'ancienne activité logicielle d'Altus. Les conditions financières n'ont pas été divulguées.
Accenture (NYSE: ACN) hat Altus Consulting übernommen, einen führenden Anbieter im Vereinigten Königreich für Beratung und digitale Transformation, um seine strategischen Beratungs- und Dienstleistungsangebote für Versicherungen, Investitionen und Finanzdienstleistungsunternehmen zu verbessern. Gegründet im Jahr 2005, spezialisiert sich Altus Consulting auf Beratungsdienste mit datengestützten Erkenntnissen und detaillierten Modellen für die Bereiche Lebensversicherungen, Renten, Investitionen und Versicherungen.
Die Übernahme bringt das qualifizierte Team von Altus Consulting in die Versicherungsabteilung von Accenture und erweitert die Expertise in den Bereichen Vertrieb, Risiko & Regulierung, Betriebsmodelle, Daten und Technologie. Der Deal umfasst umfassende Werkzeuge zur Bewertung der betrieblichen und regulatorischen Auswirkungen zur Ergänzung der bestehenden Ressourcen von Accenture.
Dieser strategische Schritt folgt auf die jüngsten Übernahmen von Accenture, darunter BCS Consulting und Mudano, und erweitert weiter die Fähigkeiten im Bereich Finanzdienstleistungen im Vereinigten Königreich. Die Übernahme erfolgte von Equisoft Inc., das das frühere Softwaregeschäft von Altus behält. Finanzielle Einzelheiten wurden nicht bekannt gegeben.
- Expands expertise in high-growth insurance and investment sectors
- Adds specialized operational and regulatory assessment tools
- Enhances end-to-end transformation delivery capabilities
- Strengthens presence in UK financial services market
- Financial terms not disclosed, impact on balance sheet unknown
- Integration costs and challenges may affect short-term performance
Insights
Accenture's acquisition of Altus Consulting strengthens its strategic position in the UK financial services sector, particularly within insurance and investment services. This move follows Accenture's pattern of targeted acquisitions to enhance specialized capabilities, coming after previous purchases of BCS Consulting and Mudano in the same sector.
Altus brings three key assets to Accenture: deep domain expertise in life insurance, pensions and investment management; specialized advisory capabilities in distribution, risk, regulation and operating models; and proprietary software including regulatory impact assessment tools. This combination allows Accenture to deliver more comprehensive end-to-end transformation services for financial institutions.
The acquisition is strategically timed as financial services firms face increasing pressure to modernize their technology infrastructure while navigating complex regulatory requirements. With major economies facing significant demographic shifts as workforces enter retirement age, financial institutions are seeking better solutions for retirement planning, gender savings gap reduction, and risk-sharing products – precisely the areas where Altus has established expertise.
While financial terms weren't disclosed, this appears to be a targeted capability acquisition rather than a revenue-focused deal. The transaction structure is noteworthy as Accenture acquired Altus Consulting from Equisoft Inc., which retained the former Altus software business, indicating a selective approach to acquiring only the most strategically aligned components.
This acquisition significantly enhances Accenture's digital transformation capabilities specifically tailored to the insurance and investment sectors in the UK. Altus Consulting's specialized technology solutions address complex challenges in administration, customer experience, and product design across pension systems, investment platforms, and insurance operations.
The technical integration creates particular value in three areas: First, combining Altus's domain-specific advisory services with Accenture's broader technology implementation capabilities creates a more seamless service offering. Second, Altus's regulatory impact assessment tools complement Accenture's existing technology assets, creating a more robust compliance solution. Third, the addition of expertise in specialized fields like pension administration systems fills capability gaps in Accenture's financial services practice.
From an implementation perspective, Altus Consulting's team joining Accenture's Insurance practice creates immediate cross-pollination opportunities. Their specialized knowledge in sectors like workplace pensions, annuities, and specialty insurance markets allows Accenture to better address the technical complexity of these systems.
The acquisition reflects the growing importance of specialized technology solutions in financial services transformation. By enhancing capabilities in data-driven insights and detailed modeling of financial systems, Accenture is better positioned to help institutions leverage advances in technology to create growth and operational efficiencies while meeting evolving regulatory requirements.
Accenture has acquired Altus Consulting, a leader in consulting and digital transformation, to further strengthen its strategic advisory and delivery services for insurance, investments and other financial services businesses across the
Founded in 2005, Altus Consulting has developed highly respected advisory services underpinned by data-driven insight and detailed modelling, with deep knowledge of the operating models, data and platforms that power financial services organisations. It is an established industry thought leader with a dedicated focus on life, pensions, investments and insurance, and has long-standing relationships with many financial services firms in the
Altus Consulting designs and delivers business and technology solutions that help clients tackle complex challenges by improving administration, customer experience and product design. Its projects span workplace and individual pensions, annuities, investment and asset management solutions, as well as speciality markets and general insurance segments such as motor and medical.
Altus Consulting’s highly skilled team join Accenture’s Insurance practice in the
“A strong financial services sector is the backbone of a thriving economy in the
“As several of the world’s largest economies face a significant proportion of their workforce entering retirement age over the next two decades, the ability for people to prepare well for retirement is increasingly more challenging,” said William Pritchett, global lead for Accenture’s Retirement practice. “Government and industry are striving to help, including providing greater access to advice and guidance, narrowing the gender savings gap and establishing innovative risk-sharing products. Altus Consulting is a trusted advisor across the insurance and investment industries, bringing relevant experience and IP to enhance Accenture’s ability to address such challenges.”
“By joining Accenture, we gain the resources to dramatically enhance our offering to clients, whilst maintaining the values and approach that helped us build such a strong business. The move will allow us to deliver end-to-end transformation programmes at scale, from strategy and vision right through to design and delivery,” said Martyn Evans, CEO at Altus Consulting. “This is a pivotal moment for the financial services industry, particularly in insurance where there is still so much untapped potential for technology to innovate products and services. We’re excited about the future and to see the impact we can make for our clients with our shared vision.”
Altus Consulting builds on several significant acquisitions by Accenture in recent years that have expanded its offerings for clients across the financial services sector in the
Accenture has acquired Altus Consulting from Equisoft Inc. a global digital solutions provider to the financial services industry. Equisoft Inc. retains the former Altus software business and maintains its focus on offering software products and tools within the life insurance, pensions and investments industries.
Terms of the transaction were not disclosed.
Forward-Looking Statements
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Alexandra Dempsey
Accenture
+44 7462 897 158
alexandra.dempsey@accenture.com
Source: Accenture
FAQ
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