Accenture Completes Acquisition of Formicary
Accenture Completes Acquisition of Formicary, Strengthening Systems Integration and Technology Consulting Capabilities in Trading Systems Transformation
Accenture (NYSE: ACN) has completed its acquisition of Formicary, a leading provider of systems integration and technology consulting services for trading platforms in the UK and North America.
With the completion of the acquisition, Accenture further strengthens its capabilities in helping banks, asset managers, hedge funds and clearing organisations transform their trading technology platforms, enabling them to quickly and cost-efficiently adapt to market and regulatory change. Formicary also brings its deep knowledge of trading technologies provided by Murex, Calypso and Misys Summit, reinforcing Accenture’s position as a leading global provider of systems integration and technology consulting services for these industry-leading platforms.
“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.”
Source: Accenture
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