Brazilian Credit Union SICREDI Announces Strategic IT Agreement with Accenture

Leading credit union targets improved IT performance, client-service through outsourcing

NEW YORK; May 20, 2010 – SICREDI, one of Brazil’s leading credit unions, has engaged Accenture (NYSE: ACN) to provide information technology (IT) support and systems development services under a strategic outsourcing contract.

“This engagement closely aligns with our business and IT strategy and follows current market trends of hiring specialized services providers such as Accenture to offer and manage IT solutions,” said Denílson Mascarenhas, SICREDI IT executive director. “This decision will lead us to a new level of technology, helping us to increase our results and support in the development of new business, products and services for the credit unions integrated or affiliated with our systems.”

“We’ve worked with SICREDI to understand and address their technology in order to support their growth,” said Roger Ingold, Accenture’s managing director for Brazil. “As one of the main credit unions in the country, SICREDI is positioning itself for new competitive advantages and unprecedented scalability for future growth.”


SICREDI comprises 128 credit cooperatives, with 12,000 employees, 1.6 million members, and more than 1,000 service centers distributed in 10 Brazilian states. It also offers a full portfolio of financial products and services. In February 2010, total assets and shareholders’ equity amounted, respectively, R$17 billion and R$2.2 billion. SICREDI aims to foster the development of micro-, small- and medium-sized enterprises in rural and urban areas.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with more than 181,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.58 billion for the fiscal year ended Aug. 31, 2009. Its home page is

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Sean K. Conway


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