Accenture has acquired RiskControl, a privately held risk consulting company, to complement and expand its risk service offerings in the rapidly growing Brazilian market. RiskControl will be integrated into Accenture’s new risk management service line, and Accenture will continue to deliver services to RiskControl’s clients under the terms of their existing contracts.
The acquisition includes RiskControl’s staff and service offerings as well as its end-to-end software tool, RiskControl, a software platform that helps companies manage, monitor and evaluate risks throughout their business.
According to Accenture, the software is used primarily in financial services institutions to help manage balance-sheet exposure to market risk factors such as fluctuations in interest rates, foreign exchange rates, stock prices, indexes or commodities prices.
Carlos Vianna, senior executive responsible for risk management service line in Brazil at Accenture, said: “As Brazilian companies mature and grow, they need stronger, better-integrated risk management capabilities that can help them understand how various decisions affect their bottom line and balance that information against potential risks.”
Steve Culp, managing director of risk management service line at Accenture, said: “The acquisition of RiskControl underscores our commitment to providing a robust set of risk management services to our clients and addressing their need for improved risk management capabilities. We want to be the organization that companies turn to for their risk management services, regardless of the industry or unique business practices that exist in their geography.”
Will this acquisition help Accenture in expanding geography?
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