Accenture Acquires Altus Consulting to Strengthen Capabilities for Insurance and Investments Clients in the UK

March 04, 2025 at 05:24 AM EST

Accenture (NYSE: ACN) has acquired Altus Consulting, a leader in consulting and digital transformation, to further strengthen its strategic advisory and delivery services for insurance, investments and other financial services businesses across the UK.

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Accenture has acquired Altus Consulting, a leader in consulting and digital transformation, to further strengthen its strategic advisory and delivery services for insurance, investments and other financial services businesses across the UK. (Photo: Business Wire)

Founded in 2005, Altus Consulting has developed highly respected advisory services underpinned by data-driven insight and detailed modelling, with deep knowledge of the operating models, data and platforms that power financial services organisations. It is an established industry thought leader with a dedicated focus on life, pensions, investments and insurance, and has long-standing relationships with many financial services firms in the UK.

Altus Consulting designs and delivers business and technology solutions that help clients tackle complex challenges by improving administration, customer experience and product design. Its projects span workplace and individual pensions, annuities, investment and asset management solutions, as well as speciality markets and general insurance segments such as motor and medical.

Altus Consulting’s highly skilled team join Accenture’s Insurance practice in the UK, bringing expertise in areas including distribution, risk & regulation, operating models, data and technology. Coupling its specialist sector knowledge with Accenture’s technology, managed services and customer experience capabilities will enhance delivery of end-to-end transformation projects for clients at scale. It also brings a range of distinct software products, including a comprehensive operational and regulatory impact assessment tool, to augment Accenture’s existing assets.

“A strong financial services sector is the backbone of a thriving economy in the UK, with insurers helping customers through some of the most challenging periods of their lives. Advances in technology present a significant opportunity to create growth and efficiencies for this vital sector, but only if they can harness it,” said Carmina Lees, Insurance lead for Accenture in the UK & Ireland. “Our acquisition of Altus Consulting will accelerate our goal of helping clients to reinvent their business, building digital capabilities that enable them to better serve customers as they plan for their futures.”

“As several of the world’s largest economies face a significant proportion of their workforce entering retirement age over the next two decades, the ability for people to prepare well for retirement is increasingly more challenging,” said William Pritchett, global lead for Accenture’s Retirement practice. “Government and industry are striving to help, including providing greater access to advice and guidance, narrowing the gender savings gap and establishing innovative risk-sharing products. Altus Consulting is a trusted advisor across the insurance and investment industries, bringing relevant experience and IP to enhance Accenture’s ability to address such challenges.”

“By joining Accenture, we gain the resources to dramatically enhance our offering to clients, whilst maintaining the values and approach that helped us build such a strong business. The move will allow us to deliver end-to-end transformation programmes at scale, from strategy and vision right through to design and delivery,” said Martyn Evans, CEO at Altus Consulting. “This is a pivotal moment for the financial services industry, particularly in insurance where there is still so much untapped potential for technology to innovate products and services. We’re excited about the future and to see the impact we can make for our clients with our shared vision.”

Altus Consulting builds on several significant acquisitions by Accenture in recent years that have expanded its offerings for clients across the financial services sector in the UK – including BCS Consulting and Mudano.

Accenture has acquired Altus Consulting from Equisoft Inc. a global digital solutions provider to the financial services industry. Equisoft Inc. retains the former Altus software business and maintains its focus on offering software products and tools within the life insurance, pensions and investments industries.

Terms of the transaction were not disclosed.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; risks and uncertainties related to the development and use of AI could harm the company’s business, damage its reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture’s debt obligations could adversely affect its business and financial condition; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 799,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com.