close and back to page

Latest News

Latest News

Accenture Acquires VERAX, Enhancing Its Banking Technology Capabilities in Canada

Toronto-based technology services firm provides breadth of digital and technology integration experience.

REUTERS

Accenture (No. 14 on the DiversityInc Top 50 Companies list) has acquired VERAX Solutions ("VERAX"), a Toronto-based technology and systems-integration consulting firm that serves the financial services sector in Canada. Financial terms were not disclosed.


VERAX is a privately-owned company founded in 2003 that employs around 180 people at offices in Toronto and Halifax. Its key service areas include IT strategy, enterprise architecture consulting, project and program management, financial risk and compliance solutions, as well as business intelligence and data warehousing. Serving leading banking, insurance and capital markets institutions, VERAX delivers IT consulting initiatives across the full range of financial-services lines of business, including wealth management, brokerage and mutual funds, mobile and online banking, retail and commercial banking, and insurance and capital markets.

The addition of VERAX – with its proven technology and systems-integration expertise across the financial services sector – will complement and enhance Accenture's consulting and technology capabilities in Canada.

"VERAX consultants are known for their deep technical expertise, collaborative culture and strong reputation for delivery, which we believe will greatly complement and enhance the breadth and depth of our financial services capabilities in Canada," said Robert Vokes, managing director of Accenture's Financial Services practice in Canada. "The combination of Accenture and VERAX will help enable our clients to react even more quickly and with even more confidence, as banks face increased pressure to adjust to new digital capabilities, new regulatory requests, and increased competition."

Sid Thomas, VERAX's CEO and founder, said: "We are excited to join Accenture, whose scale, scope and reputation for excellence will benefit our clients and will provide an opportunity for our employees to escalate their careers and enhance the benefits they deliver to our clients."

The Conversation

Low Consumer "Literacy" of Healthcare System Estimated to Cost $4.8B Annually, Accenture Report Finds

One in two consumers not proficient at navigating complexity of healthcare system.

REUTERS

Originally Published by Accenture.

A new report by Accenture has found that half of U.S. consumers are unable to navigate the complexity of the healthcare system on their own and that this low level of health system "literacy" costs the industry an estimated $4.8 billion annually in administrative expenses alone.

Read More Show Less

Accenture Named a Leader in the IDC MarketScape: Worldwide Life Sciences Research & Development Vendor Assessment

In the report analysis, IDC Health Insights divided potential key measures for success into two primary categories: capabilities and strategies.

REUTERS

Originally Published by Accenture.

Accenture is positioned for a third consecutive time as a Leader in the IDC MarketScape vendor assessment, covering strategic consulting across the life sciences research and development (R&D) industry.

Read More Show Less

Accenture Positioned as Overall Innovation Leader in HFS Software Product Engineering Blueprint Report

"Accenture has been recognized as a top innovator that leverages its deep understanding of software product engineering to drive excellence in its clients' journeys in the Platform Economy. Having made significant investments in futuristic technologies, Accenture is well-poised to lead and drive meaningful business outcomes for its customers."

REUTERS

Originally Published by Accenture.

Accenture (NYSE: ACN) has been named to the Winner's Circle and positioned as the overall leader in innovation, ahead of 24 other competitors, in HFS Research's 2018 Software Product Engineering Services Blueprint Report.

Read More Show Less

Accenture Joins The Institutes RiskBlock Alliance as Lead Framework Architect to Expand Blockchain Use Within Insurance

Accenture helping build a distributed ledger framework to enable multiple insurance use cases this year

REUTERS

Originally Published by Accenture.

The Institutes RiskBlock™ Alliance, a blockchain consortium for the risk management and insurance industry, announced that Accenture (NYSE: ACN) will serve as the lead framework architect responsible for building a production-grade platform to develop and implement blockchain and distributed-ledger use cases. The platform will enable the RiskBlock Alliance to implement and test multiple use cases by the end of 2018.

Read More Show Less

Majority of Business Leaders Say Sharing Customer Insights, Technology and Industry Knowledge is Critical to Competitive Agility, Accenture Study Finds

New research from Accenture finds that 84 percent of business leaders globally agree that building ecosystems – joining forces with other companies to share data, customers, technology and industry knowledge – is critical to their strategy.

REUTERS

Originally Published by Accenture.

With only a quarter of business leaders globally very confident they will achieve their 2020 growth targets, and 56 percent concerned that current growth strategies are at high risk of disruption, a new strategic approach is critical to enabling business success. New research from Accenture finds that 84 percent of business leaders globally agree that building ecosystems – joining forces with other companies to share data, customers, technology and industry knowledge – is critical to their strategy.

Read More Show Less

Successful Companies Pivot to New Opportunities by Revitalizing – Not Neglecting – Their Core Businesses, Accenture Report Finds

Report identifies three actions common to the six percent of companies that have embraced the future most decisively

REUTERS

Originally Published by Accenture.

The majority (54 percent) of C-level executives expect their new business activities to generate at least half of their company's revenues within the next three years, even though only one-third (33 percent) of the executives said their company currently generates more than half of its revenues from business activities started in the past three years, according to new research from Accenture.

Read More Show Less

Accenture Commits $200 Million to Education, Training and Skills Initiatives over next Three Years to Equip People Around the World for Work in the Digital Age

Commitment includes company's Skills to Succeed goal to equip more than 3 million people with job and entrepreneurial skills by 2020.

REUTERS

Originally published by Accenture.

Supporting its vision to improve the way the world works and lives, Accenture (NYSE: ACN) is committing more than US$200 million over the next three years to help equip people around the world with job skills for the digital age.

Read More Show Less