Information Technology Services M&A » By The Online Investor Staff, updated Fri., Apr. 19, 9:11 AM
Recent mergers and acquisitions in the Information Technology Services M&A category.
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Slide #86. Accenture — Mortgage Cadence
Acquirer:
Accenture (NYSE:ACN)
Acquiree:
Mortgage Cadence
Details:
Accenture (NYSE:ACN">ACN) has completed its acquisition of Mortgage Cadence, a provider of loan origination software and electronic document management services in the United States. The acquisition adds an advanced technology platform to strengthen Accenture's mortgage business process outsourcing services and enables the company to offer software to mortgage lenders looking to increase efficiencies and reduce costs. Through the acquisition, Mortgage Cadence software will serve as the core loan-origination platform for Accenture Credit Services, a business service within Accenture's financial services operating group that provides consulting, technology and outsourcing services to financial institutions.
Accenture is a services company. Co.'s services include: Strategy and Consulting, which works with C-suite executives and boards of organizations, helping them formulate their strategy; Technology, which includes services and solutions such as cloud, systems integration and application management, and infrastructure services; Operations, which operates business processes on behalf of clients for specific enterprise functions; Industry X, which combines its digital capabilities with engineering and manufacturing capabilities; and Song, which includes growth, product and design, technology and platforms, creative, media and marketing strategy, and campaign, content and channel orchestration.
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Avg. Broker Rec.
 
|
Buy (3.31 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: ACN Stock Forecast Based on Zacks ABR data; powered by Xignite |
