Accenture (NYSE: ACN) said it has acquired a majority stake in Vivere Brasil Serviços e Soluções S.A. (Vivere Brasil), a leading mortgage-processing technology company.
The acquisition will enable Accenture to expand its mortgage-services capabilities and help banks increase their efficiencies and capacity for processing loans in Brazil´s rapidly growing mortgage market.
Accenture now has majority ownership and management responsibility for Vivere Brasil. BTG Pactual, a leading Latin American investment bank, and Vivere Brasil´s founders have retained a minority stake in the company. Accenture announced the agreement to acquire its stake on September 16, 2013.
Founded in 2006, Vivere Brasil has developed a comprehensive mortgage origination and portfolio administration software platform. The technology is used by several leading Brazilian institutions.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 275,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world´s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. Its home page is www.accenture.com.