Accenture to Also Service Some Existing Reuters Contracts
NEW YORK and LONDON – Oct. 27, 2003 – Accenture and Reuters Group, the global information company, today announced they have signed a global information technology services agreement to support systems integration of Reuters products globally. Reuters announced in February that it intended to exit the systems integration services business to focus on its core information services.
The agreement will enable the two companies to offer broader solutions to their financial services customers, which include buy- and sell-side institutions, corporate treasury departments, depositories and exchanges, among others. Through the agreement, clients of both companies will have access to Reuters financial applications and content supported by Accenture’s global business consulting, information technology, and business process outsourcing capabilities. This combination will enable clients to integrate Reuters open-systems-based networks, applications and content with their internal infrastructures and business processes to achieve better business performance.
Under the terms of the agreement, Accenture will also service some of Reuters existing systems integration contracts. Additionally, upon Reuters and Accenture complying with certain local legislative and regulatory requirements, up to 70 Reuters employees in Europe will transfer to Accenture effective as of November 1, 2003.
“Accenture’s global systems integration capabilities are highly valued by our customers, so Accenture was a natural partner for Reuters as we continue to focus on our main business,” said Tom Glocer, Reuters chief executive. “The Reuters employees transferring to Accenture are moving to an organization where systems integration is a core competency. This will give them increased exposure to leading-edge practices in IT systems deployment and support.”
“Teaming with a global leader in financial information and applications enhances the portfolio of products and services we can provide to our clients and will enable us to broaden our business process outsourcing capabilities in the financial markets sector,” said William F. Cline, managing partner of Accenture’s Capital Markets practice. “We believe that our global technology resources, knowledge of Reuters products and understanding of our clients’ strategic issues will ensure rapid and cost effective implementation of innovative business and IT solutions for Reuters and its customers.”
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills, and technologies to help clients improve their performance. With more than 83,000 people in 47 countries, the company generated net revenues of US$11.8 billion for the fiscal year ended Aug. 31, 2003. Its home page is www.accenture.com.
Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Our information is trusted and drives decision making across the globe based on our reputation for speed, accuracy and independence. We have 16,000 staff in 94 countries, including some 2,400 editorial staff in 197 bureaus serving approximately 130 countries, making Reuters the world’s largest international multimedia news agency. In 2002, the Reuters Group had revenues of £3.6 billion.
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