DUBLIN (dpa-AFX) - Accenture (ACN) has entered into an agreement with the Fibonacci Group to acquire Cabel Industry, an Italian technology company that provides specialized core banking and IT managed services to mid-size financial institutions. The company said the acquisition will enhance the managed services portfolio of Accenture Financial Advanced Solutions & Technology, dedicated to financial services in Italy. Terms of the transaction were not disclosed.
'Combining Cabel Industry's capabilities with Accenture's existing AFAST assets will create important synergies for our clients and lead to a stronger platform for innovation and efficiency,' said Massimiliano Colangelo, Financial Services lead for Accenture in Italy and Greece.
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