May 20, 2010

Sicredi, a large Brazilian credit union, has engaged Accenture to provide information technology support and systems development services under a strategic outsourcing contract. As part of the agreement, Accenture will be in charge of developing and delivering Sicredi's new credit card systems.

"This engagement closely aligns with our business and IT strategy and follows current market trends of hiring specialized services providers such as Accenture to offer and manage IT solutions," said Den'lson Mascarenhas, Sicredi IT executive director, in a statement. "This decision will lead us to a new level of technology, helping us to increase our results and support in the development of new business, products and services for credit unions that are integrated or affiliated with our systems."

Sicredi comprises 128 credit cooperatives, with 12,000 employees, 1.6 million members, and more than 1,000 service centers distributed in 10 Brazilian states. Sicredi aims to foster the development of micro-, small- and medium-sized enterprises in rural and urban areas.