Accenture announced on Monday that it has acquired Axis Corporate, a Spanish company providing technology consulting services to the financial sector.

Founded in 2005, Axis is a Barcelona-based company, with offices in Madrid and Boston, whose 110 consultants work with some of Spain's largest banks and financial institutions.

In a press release, Accenture explains that the transaction will enable it to strengthen its position in this market, helping clients to better manage their risk levels, reduce costs, adapt to change and bring new products to market.

Financial terms of the transaction were not disclosed.

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