Accenture and Reuters Group have sealed an IT services agreement to support systems integration of Reuters' products around the world.
The deal enables the pair to offer broader solutions to their financial services customers, which include buy- and sell-side institutions, corporate treasury departments, depositories and exchanges.
Both companies' clients will have access to Reuters' financial applications and content which will be supported by Accenture's global business consulting, IT and business process outsourcing divisions.
This will also enable their clients to integrate Reuters' networks, applications and content with their own internal infrastructures and business processes.
The announcement comes after Reuters decided last February to exit the systems integration services business to focus on its core information services.
Under the terms of the agreement, Accenture will also service some of Reuters existing systems integration contracts.
Additionally, upon Reuters and Accenture complying with certain local legislative and regulatory requirements, up to 70 Reuters employees in Europe will transfer to Accenture by November 2003.
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