IT providers supplier Accenture has introduced plans to purchase Optimind to bolster its monetary providers, insurance coverage, and compliance threat administration capabilities.
France-based Optimind is a consultancy engaged in offering advisory providers and options to insurance coverage companies, banks and corporates.
Monetary phrases of the transaction weren’t disclosed.
Arrange in 2000, Optimind serves purchasers in France and Luxembourg with greater than 350 staff, together with over 110 actuaries.
Its providers are stated to embody your complete threat administration worth chain, from technique to finance, quantitative modelling to compliance, mapping to continuity plans.
Accenture France & Benelux monetary providers lead Khalid Lahraoui stated: “The acquisition of Optimind would improve our skill to assist purchasers embrace change, speed up transformation, unlock worth, and construct new and disruptive threat fashions.
“This acquisition would improve Accenture’s standing as one of many main Technique & Consulting agency for Monetary Companies purchasers, taking our modern end-to-end options to new ranges of pace and scale throughout Europe.”
Optimind CEO and founder Christophe Eberle stated: “Our individuals will present experience in qualitative, quantitative and administrative threat administration providers and options. Becoming a member of Accenture would permit us to increase our international footprint and create new enterprise alternatives for our firm and our individuals.
“Collectively, we might assist our purchasers on a broader base at a time when enterprise, monetary and regulatory modifications are about to alter the historic steadiness and imply our purchasers want our assist greater than ever.”
The transaction is topic to regulatory nod and customary closing situations.
Final 12 months in September, Ohio Nationwide Monetary Companies, a US-based life insurer, turned to Accenture to improve its core techniques.