Accenture will acquire technology consulting company Random Walk Computing to beef up the management consulting firm's ability to build customized trading systems, confirmed an Accenture spokesman who declined to be identified. Terms of the deal, which is expected to close within 60 days, were not disclosed.
Although Accenture already provides trading system customization, company officials hope the acquisition will enable them to expand that product line both domestically and internationally. Random Walk, which builds customized trading and risk management systems, has more than 70 financial services companies and exchanges as clients. Random Walk will be run as a discrete entity within Accenture, although its name may be changed.
