Accenture has entered into an agreement with the Fibonacci Group to acquire Cabel Industry, an Italian technology company that provides specialized core banking and IT managed services to mid-size financial institutions. The acquisition will enhance the managed services portfolio of Accenture Financial Advanced Solutions & Technology (AFAST), the company’s technology center of excellence dedicated to financial services in Italy.
By integrating Cabel Industry’s capabilities—along with its approx. 200 highly-skilled professionals—AFAST will be better positioned to deliver advanced IT solutions for the banking and insurance sectors, including in credit management, and accelerate technology adoption among mid-market institutions, helping them build more scalable and competitive business models.
“Core banking and credit management services are undergoing a profound transformation driven by new demands for modernization, scalability and productivity,”said TeodoroLio, market unit lead for Accenture in Italy. “Integrating Cabel Industry into Accenture significantly strengthens our core banking proposition. Their specialized platform and industry expertise enable us to accelerate the delivery of flexible, industrialized solutions aligned with the evolving technology priorities of Italian banks.”
“Combining Cabel Industry’s capabilities with Accenture’s existing AFAST assets will create important synergies for our clients and lead to a stronger platform for innovation and efficiency,”said Massimiliano Colangelo, Financial Services lead for Accenture in Italy and Greece. “We can further support financial institutions in their IT reinvention journeys—from core banking modernization to managed services—reinforcing our role as a trusted partner in the region.”
“Innovation in banking increasingly depends on economies of scale and Accenture’s strong expertise and global network will ensure continuity of service for our clients while providing the best opportunity for our people to expand their skillsets,” said Andrea Pettinelli, CEO of the Fibonacci Group and Chairman of Cabel Industry. “We believe that the integration of Cabel Industry’s unique capabilities into AFAST, including around credit management, will enable us to develop new technology solutions and deliver even more value to clients.”
Since 2023, Accenture has completed seven strategic acquisitions in Italy, including IQT (Engineering Managed Services), Ammagamma (AI), Intellera Consulting (Public Administration), Fibermind (5G and fiber networks), Customer Management IT and SirfinPA (Justice and Security), and SIPAL’s Integrated Product Support business (Aerospace and Defense).
