Accenture (NYSE: ACN) has announced its intent to acquire Optimind, a Paris-based independent consulting firm that provides advisory services and solutions to help insurance firms, banks and large corporate clients to meet major challenges of competitiveness, transformation and regulation. Financial terms of the transaction are not being disclosed.
Founded in 2000, Optimind has more than 350 highly skilled professionals, including more than 110 actuaries, serving clients in France and Luxembourg.
Optimind, recipient of the 2022 EcoVadis Gold Medal for its corporate social responsibility policy, has built over the past two decades strong service offerings that cover the full spectrum of the risk management value chain: from strategy to finance, from quantitative modeling to compliance, from mapping to continuity plans.
Olivier Girard, market unit lead for Accenture France & Benelux, said “The acquisition would complement Accenture’s existing finance and risk management capabilities and further strengthen our ability to help clients successfully navigate disruption and drive enterprise value. We would be able to address the entire value chain and help our clients accelerate and scale their financial and compliance transformation projects. “
Khalid Lahraoui, Financial Services Lead for Accenture France & Benelux, said: “The acquisition of Optimind would enhance our ability to help clients embrace change, accelerate transformation, unlock value, and build new and disruptive risk models. This acquisition would enhance Accenture’s standing as one of the leading Strategy & Consulting firm for Financial Services clients, taking our innovative end-to-end solutions to new levels of speed and scale across Europe.”
Christophe Eberle, CEO and founder of Optimind, added, “Our people will provide expertise in qualitative, quantitative and administrative risk management services and solutions. Joining Accenture would allow us to expand our global footprint and create new business opportunities for our company and our people. Together, we could support our clients on a broader base at a time when business, financial and regulatory changes are about to change the historical balance and mean our clients need our support more than ever.”
The acquisition requires prior consultation with the relevant works councils and regulatory approval and would be subject to customary closing conditions.