Accenture has acquired Parker Fitzgerald, a risk management consulting firm in London. Financial terms of the deal were not disclosed.
This is Accenture's third acquisition in recent days -- part of the consulting giant's larger $1.5 billion M&A war chest for 2019.
Parker Fitzgerald, founded in 2008 in response to the global financial crisis, advises financial services companies on risk, regulation, and financial technology.
Accenture Acquires Parker Fitzgerald: Executive Perspectives
Tara Brady, who leads Accenture’s Financial Services practice in the U.K., commented on the deal:
“Financial services companies continue to contend with the impact of economic and geopolitical uncertainties, regulatory challenges and digital transformation. Parker Fitzgerald has a successful track record helping clients navigate ever-increasing disruption and uncertainty, and the combination of their risk advisory and assurance expertise with Accenture’s consulting and digital capabilities will be a strong differentiator, enhancing our services to U.K. financial institutions.”
Scott Vincent, founder and CEO of Parker Fitzgerald said:
“Helping clients optimize their performance in a rapidly evolving risk environment remains our utmost priority. Accenture’s tremendous scale and scope, coupled with their data- and technology-focused expertise in finance and risk, will enable us to expand our geographic reach and provide high-quality services to an even-broader client base.”
Peter Beardshaw, who leads Accenture’s Financial & Risk practice in the U.K., added:
“Parker Fitzgerald’s skills, approach to financial risk management and long-standing regulatory relationships are at the heart of the risk management agenda and will enable us to provide clients with an even greater level of risk and assurance services and solutions.”
Accenture Merger and Acquisition Strategy
Accenture’s $1.5 billion acquisition war chest was announced in March of 2019. The strategy is meant to grow the company’s digital, cloud, and security services offerings. A comprehensive list of Accenture’s many deals is here.
The M&A strategy has remained firmly in place even as Accenture's executive leadership team evolves. Among the key moves: Julie Sweet will become global CEO on September 1, 2019. And James Etheredge succeeds Sweet as CEO of Accenture’s North America business.
Accenture is also a Top 100 MSSP, according to MSSP Alert, ChannelE2E’s sister site.
