Accenture to Expand Credit Industry Capabilities with Acquisition of Zenta; Launches 'Accenture Credit Services'

Accenture ACN has agreed to acquire Zenta, a leading provider of residential and commercial mortgage processing services in the United States. The acquisition will significantly expand Accenture's ability to help lenders, servicers and real estate investment trusts (REITS) retool and streamline their operations, enhance the customer experience, and improve profitability in response to new market conditions, while enhancing Accenture's BPO portfolio. Terms of the transaction were not disclosed. In conjunction with the agreement, Accenture is launching Accenture Credit Services, a full-service consulting, technology and BPO capability that will expand its support for institutions in the residential mortgage, commercial real estate, leasing and automotive finance industries. Zenta's mortgage processing capabilities will be a key component of the service.