Accenture announced on Monday it has acquired Mudano, which is a strategic data consultancy to UK financial services firms, further enhancing its analytics, data and artificial intelligence (AI) transformation capabilities. Founded in 2014, Mudano notably advanced analytics, applied data science and modern data technologies to help the UK’s largest banks, insurers and wealth management firms transform key areas, such as customer behavior analytics, financial crime-prevention, and intelligent data management.
According to Accenture, Mudano’s team will join Accenture Applied Intelligence, a group that employs more than 20,000 professionals worldwide who help clients scale AI, including 6,000 data scientists, data engineers, and AI professionals. Speaking about the acquisition, George Marcotte, a Managing Director at Accenture, who leads its Applied Intelligence group in the UK & Ireland, stated:
“Our research shows that U.K. businesses are struggling with how to scale technologies like artificial intelligence to deliver business value — and financial services is no exception. Mudano’s focus on helping clients build a ‘data culture’ aligns perfectly to Accenture’s Applied Intelligence strategy. By creating a strong data foundation — supported by the right skills, stakeholders and technologies — our clients can transform at speed and scale and fuel real change for their business.”
Ed Broussard, Mudano CEO, further commented:
“Accenture’s reputation for excellence and large-scale delivery will enable us to help clients realize the benefits of data transformation — from setting the strategy and building the culture to leveraging the game-changing insights that data analytics can bring. We are excited to become part of one of the world’s leading companies and look forward to the opportunities this will bring for our employees and clients.”
Athina Kanioura, Chief Analytics Officer and Global Lead of Accenture Applied Intelligence, then added:
“Our acquisition momentum in Applied Intelligence over the past six months enables us to deliver AI at scale to clients around the world across a range of industries. By bringing new talent and capabilities into our business, we complement our ongoing organic growth strategy and increase our speed to market.”
Terms of the transaction were not disclosed.