Accenture Acquires Administration Consultancy BCS Consulting
Accenture has completed its most recent acquisition, this time buying British management consultancy BCS Consulting for an undisclosed amount.
This is the # 689 technology M&A deal ChannelE2E has covered so far in 2021.
BCS Consulting was founded in 2001 and is headquartered in London. Accenture said the company’s 250 employees will join Accenture’s UK financial services strategy and advisory practice.
BCS expertise focuses on payments, open banking, operational resilience, financial crime and cost optimization. The acquisition complements Accenture’s already existing advisory and technology capabilities in the industry and builds on recent financial services acquisitions including Mudano, Orbium and Parker Fitzgerald.
Accenture takes over BCS Consulting: The change in financial services
Adam Markson
Paul Brock, CEO, BCS Consulting
Adam Markson, Managing Director in Accenture’s UK financial services strategy and advisory practice, commented:
“Financial services companies continue to struggle with core challenges exacerbated by the pandemic, such as unmanageable cost levels and digital disruption. BCS Consulting has a strong track record in helping businesses address these issues. From developing solutions to technology implementation, BCS Consulting’s end-to-end capabilities help the industry develop business models that drive new efficiencies and competitiveness, build resilience and keep pace with change. “
Paul Brock, CEO of BCS Consulting, said:
“Helping financial services companies manage complex business change has been our priority from day one. Our industry focus, coupled with the size and reach of Accenture and its expertise in helping financial services companies around the world manage change, will allow us to expand our capabilities to a wider customer base. We look forward to becoming part of one of the world’s leading companies and look forward to the opportunities that are offered to our employees and customers. “
Paul Stanley, Head of Financial Services at Accenture in the UK and Ireland added:
“The pandemic has caused profound and lasting changes in the way consumers want to interact with financial services. Companies in the industry are faced with the urgent need to redesign their business models in order to quickly meet these changing requirements. We are excited to welcome BCS Consulting to Accenture, and together we will help our clients achieve this much-needed change faster and more comprehensively. In addition, BCS Consulting’s focus on employee development goes well with Accenture’s commitment to developing the next generation of financial services consultants so that we can optimally serve our customers now and in the future. “
Accenture acquisitions
BCS Consulting is the sixth acquisition Accenture made in the UK in 2021, following the acquisitions of Edenhouse and Infinity Works in February, Cirrus and REPL in March and Xoomworks in October.
Accenture today employs more than 624,000 people worldwide.
