Listed on the NYSE, Accenture has a market cap of USD 123 billion and a workforce of around 509,000 employees.
NIKE Group is an Italian firm that provides regulatory technology (RegTech) services and solutions to financial services firms.
Thanks to its data-driven approach and state-of the-art compliance platform NIKE Group help clients monitor new regulatory requirements and assist with compliance. This is particularly important as financial services’ compliance departments continue to navigate an ever-expanding and complex set of regulations.
NIKE Group employs around 80 people and posted 2019 sales of over Euro 6 million.
The acquisition enhances Accenture’s RegTech and compliance capabilities for clients in Italy and across Europe.
The deal is part of an overall growth strategy to expand critical skills and capabilities in strategic, high-growth areas of the market, which has recently included the acquisitions of financial services data consultancy Mudano and financial services consulting firm Parker Fitzgerald.