Professional services company Accenture will acquire InvestTech Systems Consulting, an investment systems integration and technology consulting services company in order to help its clients in investment and asset management strengthen their competitiveness by staying abreast of emerging digital innovations. InvestTech's services support the investment process from the front to the back office. The deal with the Los Angeles-based company marks Accenture's second industry-focused asset management acquisition in just over a year after it acquired Beacon Consulting Group late in 2015. According to Bloomberg, Accenture, which is based in New York, said that it plans on using the money for "strategic investments across multiple business verticals.
Professional services company Accenture will acquire InvestTech Systems Consulting, an investment systems integration and technology consulting services company in order to help its clients in investment and asset management strengthen their competitiveness by staying abreast of emerging digital innovations. InvestTech's services support the investment process from the front to the back office. The deal with the Los Angeles-based company marks Accenture's second industry-focused asset management acquisition in just over a year after it acquired Beacon Consulting Group late in 2015. The purchase is expected to close in the next few weeks.