Accenture Acquires Axis Corporate

Accenture (NYSE: ACN) has acquired Axis Corporate, a Barcelona, Spain-based management and technology business consulting firm specialized in financial services.

The amount of the deal was not disclosed.

Axis Corporate enhances Accenture’s strategy and technology offerings that enable companies in Spain to reinvent their business models, manage costs and develop new products faster. Axis Corporate’s approximately 110 specialized professionals will join Accenture’s Strategy & Consulting practice.

Founded in 2005 and led by Casimiro Gracia, Axis Corporate provides a wide range of advisory services, including operating model and cost transformation, talent and culture, finance, and sustainability. It also has risk management capabilities, with a special focus on helping banks better manage and recover non-performing assets and loans. The firm, which also has offices in Madrid and Boston, has long-standing relationships with many of the largest financial services firms in Spain, with expertise primarily in retail and commercial banking, consumer finance and payments.