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Fintechbits
Home » Accenture acquires Axis to assist Spanish financial services in transforming their businesses
Corporate Acquisitions

Accenture acquires Axis to assist Spanish financial services in transforming their businesses

6 Mins Read
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Established in 2005, Axis Corporate is based in Barcelona, with additional offices in Madrid and Boston. The firm has developed strong relationships with many of Spain’s largest financial services institutions, specializing in areas such as retail and commercial banking, consumer financing, and payments. Approximately 110 expert professionals from Axis Corporate will integrate into the strategy and practices of the Accenture Council.


Axis Corporate offers a comprehensive range of consulting services, focusing on operational models, cost transformation, talent and culture, finance, and sustainability. The company also has strong capabilities in risk management, particularly assisting banks in better managing and recovering assets and non-performing loans.

David Cordero, who leads Accenture’s banking industry group in Europe, stated, “As banks and other providers navigate an ever-changing and competitive environment, the urgency to transform their businesses to deliver hyper-personalized and impactful digital customer experiences has never been more critical. The operational expertise from Axis Corporate across the financial services value chain will enhance our capacity for large-scale reinvention for our clients.”

Casimiro Gracia, executive chairman of Axis Corporate, commented, “For nearly 20 years, we have been a trusted partner to leading financial services companies and various sectors in Spain, aiding them in accelerating growth and enhancing operational efficiency locally and globally. Joining Accenture allows our employees to expand their capabilities and partake in significant transformation initiatives, particularly in core banking and risk management, in collaboration with international clients.”

Mercedes Oblina, market unit lead for Accenture in Spain and Portugal, remarked, “This acquisition strengthens our ability to assist financial clients in Spain in managing risks, adapting to change, and delivering new services. We are excited to welcome the talented team from Axis Corporate, known for their successful track record in activating companies to expedite their digital strategies and boost competitiveness.”

The specific details of the transaction have not been disclosed.

Forward-looking Statements
Except for historical information included in this document, statements in this press release may be considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipate,” “aspire,” “expect,” “hope,” “foresee,” “project,” “believe,” “consider,” “position,” “perspective,” “goal,” “targets,” and similar expressions are intended to identify these forward-looking statements. These statements do not guarantee future performance or assure that objectives or targets will be met and are subject to numerous risks, uncertainties, and other difficult-to-predict factors that could cause actual results to differ significantly from those expressed or implied. These risks include, but are not limited to, risks that: the transaction may not achieve the anticipated benefits for Accenture; Accenture’s operating results may continue to be affected by volatile, negative, or uncertain economic and political conditions and the impact of those conditions on the business activities and performance levels of its clients; Accenture’s success depends on its ability to generate and maintain customer demand for its services and solutions, particularly in adapting to and expanding its offerings in response to technological advancements; a significant decline in demand or inability to respond to technological changes could adversely affect the company’s operating results; if Accenture cannot effectively match skills and resources with customer demand globally, attract, and retain talented professionals, it could negatively impact the company’s utilization rates and overall results; legal, reputational, and financial risks may arise from failures to protect company and client data against security breaches or cyber threats; competition within Accenture’s markets is intense, and it may not always be able to compete effectively; the company’s ability to attract and retain clients and employees may hinge on its market reputation; failure to develop and manage relationships with key ecosystem partners or embrace new technological alliances could harm Accenture’s operational outcomes; profitability may suffer materially if the company cannot secure favorable pricing for its services, maintain competitiveness, or adeptly manage cost strategies; fluctuations in currency exchange rates, tax level changes, audits, and regulatory measures could significantly impact Accenture’s effective tax rates, operating performance, cash flow, and overall financial standing; changes in accounting standards or estimates could adversely affect financial reporting; its global, diversified operations heighten sensitivity to certain risks; organizational challenges associated with its scale may impede achievement of commercial goals; success in acquiring or integrating new businesses or forming new joint ventures is not guaranteed; substantial legal liabilities could significantly impact operations; global operations expose Accenture to various and sometimes conflicting legal and regulatory frameworks; contracts with government entities present additional risks tied to public procurement; if Accenture cannot protect or enforce its intellectual property rights, or if its services infringe upon the rights of others, its operations could be affected; criticisms or negative publicity related to its operations in Ireland may arise; as well as risks and uncertainties discussed in Accenture’s latest annual report on Form 10-K and other filings with the Securities and Exchange Commission. The statements in this press release are only relevant as of their date and Accenture does not commit to updating any forward-looking statements made in this release or aligning them with real results or adjustments in expectations.

About Accenture
Accenture is a leading global professional services firm that assists major corporations, governments, and other organizations worldwide in building their digital foundations, optimizing operations, accelerating revenue growth, and enhancing public services—delivering tangible value at speed and scale. With a workforce of approximately 742,000 people serving clients in over 120 countries, we are driven by talent and innovation. Technology plays a central role in today’s transformations, and we are among the leading firms enabling this change through robust ecosystem partnerships. We integrate technology strength and cloud, data, and AI leadership with unparalleled industry experience, functional expertise, and global delivery capabilities. Our extensive portfolio of services, solutions, and assets spans strategy and consulting, technology, operations, and industry-specific offerings, along with a culture of shared success and dedication to creating 360° value. This empowers us to assist clients in reinventing themselves and fostering sustainable trust-based relationships. Our success is measured through the 360° value we generate for clients, shareholders, partners, and communities. Visit us at www.accenture.com.

# # #

Contacts:

Berta Díaz Olivas
Emphasis
+34 691 33 88 89
Berta.diaz.olivas@accenture.com

Michael McGinn
Emphasis
+1 312 693 5707
m.mcginn@accenture.com

Copyright © 2024 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.

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