Accenture Acquires TargetST8 Consulting, Enhancing Its Consulting and Advisory Capabilities in Commercial and Corporate Lending
Specialty consulting firm provides digital and technology integration experience
NEW YORK; Oct. 17, 2018 – Accenture (NYSE: ACN) has acquired TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. Terms of the transaction were not disclosed.
Founded in 2013, TargetST8 focuses exclusively on the financial markets. Serving leading banks and investment firms in the U.S. and Europe, the company helps its clients leverage proprietary digital lending solutions, including deploying artificial intelligence and robotic process automation.
The addition of TargetST8 — with its deep commercial and corporate lending expertise and innovative solutions — will complement and enhance Accenture’s commercial and corporate lending capabilities and bolster its Credit Consulting practice.
“TargetST8 consultants are known for their deep expertise, innovative digital solutions, and outstanding project delivery — particularly in their implementation of Finastra’s Loan IQ solution,” said Alan McIntyre, who leads Accenture’s Banking practice globally. “The addition of TargetST8 will enhance our ability to help our commercial and corporate lending clients improve their processes and transform their businesses.”
Steve Shyn, managing partner at TargetST8, said: “Accenture’s scale, scope and reputation for excellence will benefit our clients and enable our employees to further develop their expertise. Our clients and employees will benefit from accelerated opportunities from the acquisition. We are excited to become part of one of the world’s leading companies.”
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 459,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
TargetST8 Consulting is a professional services firm focused on Corporate and Commercial Lending providing core lending consulting and innovation services. The professionals at TargetST8 have several hundred years of combined hands-on lending experience bringing great insight and execution to its clients. The firm has evolved into one of the most trusted and respected thought leaders in the areas of loan servicing, settlement, liquidity, artificial intelligence, and blockchain. Visit us at www.targetst8.com.
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