Accenture to Provide Application Outsourcing Services to ICAP
NEW YORK; June 11, 2008 – ICAP plc, the world’s premier interdealer broker, has selected Accenture (NYSE: ACN) to develop and maintain its European Union credit-trading platform under a five-year application outsourcing agreement.
“This initiative is designed to increase the capabilities and cost-efficiencies of our credit-trading platform in order to continue to drive growth in an increasingly dynamic and evolving global marketplace,” said James Dawson, business manager, credit products at ICAP.
Accenture will provide technology development and outsourcing services to ICAP through its Global Delivery Network, which includes more than 50 delivery centers across five continents.
“The leading capital markets firms today are focused on achieving the right balance of cost-reduction, long-term operational excellence and opportunistic expansion,” said Lloyd Altman, a senior executive in Accenture’s Capital Markets practice. “This strategic outsourcing agreement reflects ICAP’s sharp global vision for growth and deep commitment to service excellence and shareholder value.”
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