Orbium was founded in 2004 in Zurich and Geneva and is currently headquartered in Zurich. Providing management and technology consultancy to the financial sector, the company is active in the USA and the Asia-Pacific region. It is the largest services provider for the Banking Suite of the Swiss fintech company Avaloq, with triple the number of Avaloq-certified specialists of any other company and authorization to provide training for Avaloq professional certification.
With the acquisition, Accenture plans to tap into the Orbium team’s expertise and technical resources, according to a statement. The goal is to better serve customers in the private banking and wealth management sectors worldwide.
“As the leader in Avaloq implementation, Orbium has a unique combination of management consultancy, technology and program-management resources and capabilities,” commented Michael Spellacy, senior managing director and head of Accenture’s global capital markets practice. This will allow Accenture to provide its services in the global asset management sector more quickly and efficiently.