News : Accenture Completes Acquisition of Formicary
London Feb. 3, 2016 -- Accenture (NYSE: ACN) has completed its acquisition of Formicary, a provider of systems integration and technology consulting services for trading platforms in the UK and North America.
With the completion of the acquisition, Accenture strengthens its capabilities in helping banks, asset managers, hedge funds and clearing organisations transform their trading technology platforms. Formicary also brings its deep knowledge of trading technologies provided by Murex, Calypso and Misys Summit, reinforcing Accenture’s position as a global provider of systems integration and technology consulting services for these platforms.
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"The addition of Formicary to our trading platform services team brings complementary industry depth and expertise," said Owen Jelf, global managing director of Accenture’s Capital Markets practice. "We welcome the extremely talented Formicary specialists to Accenture, where together we are even better positioned to deliver large-scale digital transformations that can help capital markets firms reduce costs while increasing the scale and profitability of their trading operations."
Laura Collins, Editorial Management
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Accenture is a global management consulting, technology services and outsourcing company. Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills, and technologies to help clients improve their performance.
Published: Friday, February 5, 2016