Data consultancy Mudano acquired by Accenture
Mudano has been acquired by Accenture.
The London-based data consultancy advises UK FinTech firms on analytics, data and artificial intelligence.
The terms of the transaction were not disclosed.
Mudano’s team of industry-focused data professionals will join Accenture Applied Intelligence, which employs more than 20,000 professionals worldwide who help clients scale AI, including 6,000 data scientists, data engineers and AI professionals.
Mudano’s data advisory expertise and technology solutions will complement Accenture’s existing capabilities and strengthen its commitment to helping clients generate measurable value and return on investment from large-scale transformation projects.
“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,” said George Marcotte, a managing director at Accenture who leads its Applied Intelligence group in the UK & Ireland.
“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.”
Founded in 2014 and headquartered in London, with a presence in Edinburgh, Mudano uses 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 behaviour analytics, financial crime-prevention and intelligent data management.
Ed Broussard, Mudano CEO, said: “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.”