Accenture to Acquire Random Walk, Consulting Firm Specializing in Trading, Risk-Management and Other Capital Markets Technologies.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Accenture (NYSE NYSE See: New York Stock Exchange :ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ) has agreed to acquire Random Walk Computing, Inc., a technology consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. applications, risk management systems and other technologies for banks, asset managers, exchanges and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. institutions. Terms of the transaction, which is expected to close within the next 60 days, were not disclosed. The acquisition expands Accenture's custom software integration and development capabilities for financial institutions that trade in stocks, bonds and derivative products. Founded in 1995, Random Walk serves more than 70 financial services firms and exchanges. "Industry power shifts, new regulatory mandates and the growing challenges, opportunities and complexity of global trading are driving new demand for custom systems development and integration services," said Bill Cline, managing director of Accenture's Capital Market's practice in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Asia-Pacific. "With our acquisition of Random Walk, we can help clients achieve high performance through a powerful mix of custom applications, standardized solutions, global support resources and associated consulting services, enabling them to compete and innovate in ways that would be impossible through commercial software alone." In 2005, financial services firms spent approximately $4.4 billion on software technologies, including custom and commercial applications and in-house technology development, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Celent. "Accenture's extensive global capabilities and history of innovation in capital markets technology and operations greatly expands the value we can offer clients," said Joel Scotkin, co-founder and chief executive officer of Random Walk. "By becoming part of Accenture, we are better positioned than ever to deliver the differentiated solutions needed to win in today's financial services industry." About Accenture Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 129,000 people in 48 countries, the company generated net revenues of US$15.55 billion for the fiscal year ended Aug. 31, 2005. Its home page is www.accenture.com. |
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