FT Partners Advises Zafin on its Strategic Alliance and Sale of Assets to Accenture
Overview of Transaction
- On December 12, 2018, Zafin announced Accenture has entered into a strategic alliance and agreed to acquire select professional services assets from Zafin
- Accenture will serve as a preferred integrator of the Zafin financial software platform as part of a joint go-to-market strategy
- Headquartered in Toronto, Zafin is a global leader in financial services software that drives relationship pricing, bundling and rates management strategies for global financial institutions
- Accenture (NYSE:ACN) is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital technology, and operations
- Select employees from Zafin’s professional services business will join Accenture’s global Financial Services practice
Significance of Transaction
- The new relationship will strengthen Accenture’s ability to help financial institutions modernize their legacy IT systems and enhance their digital services programs
- Additionally, the agreement enables Zafin to continue to focus on developing market-leading financial services software solutions
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to Zafin
- This transaction underscores FT Partners’ versatility and expertise across the FinTech universe and highlights its position as the “Advisor of Choice” to leading FinTech companies