Accenture to wrap up Zenta buy this month

Oct 27, 2011, 8:00 IST | Agency: Hyderabad | Place: #731643;#000;'>KV Ramana

Accenture, the global management consulting, technology services and outsourcing company, is all set to close a deal to acquire Zenta, a residential and commercial mortgage processing services firm, by this month-end.

Accenture would start rebadging the US-headquartered Zenta’s 3,700 employees in India early next month.

“We are expecting a formal announcement on the closure of the deal on October 31 and rebadging will begin immediately,” a source privy to the transaction told DNA.

Details on the exact employee retention plans and future hiring are not known.

Accenture had agreed to acquire Zenta, one of the top three providers of mortgage processing services in the US, for an undisclosed value in late August.

According to the terms of the agreement, Accenture would launch ‘Accenture Credit Services’, a full-service consulting, technology and BPO operations in residential, mortgage and commercial real estate business.

Zenta’s mortgage processing capabilities would be the key component for this service.

Headquartered in Dallas, Texas, Zenta serves four of the five largest US banks.
It has four facilities in India including two each in Mumbai and Chennai.



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