Accenture to buy assets of VC-backed fintech company Zafin
Ireland's Accenture (NYSE: ACN) has agreed to acquire select professional services assets of Zafin, a Toronto-based provider of banking solutions software. Terms weren't released for the deal, which is expected to close in Q1 2019. Founded in 2002 by CEO Al Karim Somji, Zafin's technology supports pricing, product and customer strategies for more than 35 global banks. Accenture said the transaction will enhance its capabilities in financial innovation and modernization. Accenture will also serve as a preferred integrator of Zafin's platform as part of a joint go-to-market strategy. Zafin's investors include Beedie Capital, Kayne Partners and Vistara Capital Partners.
12 December 2018•3 mins read
