Accenture acquires Axis Corporate, terms not disclosed

Accenture has acquired Axis Corporate, a Spanish management and technology business consulting firm specialized in financial services. Axis Corporate enhances Accenture’s strategy and technology offerings that enable companies in Spain to reinvent their business models, more effectively manage costs and develop new products faster. Founded in 2005, Axis Corporate is headquartered in Barcelona, with offices in Madrid and Boston. It 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. Axis Corporate’s approximately 110 specialized professionals will join Accenture’s Strategy & Consulting practice. The company provides a wide range of advisory services, including operating model and cost transformation, talent and culture, finance, and sustainability. It also has strong risk management capabilities, with a special focus on helping banks better manage and recover non-performing assets and loans. Terms of the transaction were not disclosed.