LONDON–(COMMERCIAL THREAD) – Accenture (NYSE: ACN) acquired Xoomworks Group, a consulting and technology company specializing in procurement technologies, digital innovation and software solution development. The acquisition will expand Accenture’s capabilities to help customers accelerate technology-driven business and purchasing transformation. Terms of the transaction were not disclosed.

Founded in 2000, Xoomworks operates two distinct businesses: Xoomworks Procurement, a specialist consulting firm focused on sourcing and procurement transformation, and Xoomworks Technology, a software development firm that partners with clients from all industries. to help them innovate quickly and scale digital solutions that create value. and solve complex business problems. Based in London, Xoomworks’ team of more than 250 professionals join Accenture through operations in the UK, France, Germany, Romania, Bulgaria, Denmark and Sweden.

Xoomworks Procurement provides proprietary methodologies and solutions for full purchasing lifecycle implementation, data-driven spend management, and change management. The addition of Xoomworks Procurement strengthens Accenture’s closed-loop spend management capabilities, which help clients perform end-to-end transformations that provide unprecedented visibility into direct and indirect cost categories and drive new ways of working to generate sustainable cost savings and added value. Xoomworks shares close relationships with Accenture ecosystem partners including SAP Ariba, Coupa and Jaggaer.

“Now more than ever, companies need to take a more proactive approach to managing third-party spend that positions them for sustainable growth and prepares them for the future,” said Pierre-François Kaltenbach, Senior Managing Director at within Accenture’s Supply Chain & Operations group. . “We are thrilled to welcome Xoomworks to our team and join our mission to help customers transform their sourcing capabilities to accelerate innovation and drive breakthrough value, while also answering the call for a more business. responsible. ”

Xoomworks Technology has extensive experience in custom software development, UX and mobile, data engineering, product innovation, and cloud integrations. With a solid reputation for problem solving, Xoomworks Technology offers a carefully crafted delivery approach designed to create value, drive innovation and drive business results, which has translated into customer relationships. sustainable strategies.

Jan Van Den Bremen, Senior Managing Director and Head of Smart Platform Services Europe at Accenture, said: “Smart platforms and ecosystem partners play a central role in bringing together core capabilities necessary to run a modern business and take advantage of new business models. With the addition of Xoomworks, we are developing our deep technological expertise to help further accelerate value creation for our clients. ”

Malcolm Clark, Group Co-Founder and CEO, Xoomworks, added: “When we founded Xoomworks 21 years ago, we set out to create technology solutions to solve specific business problems and deliver high performance results in focusing on training deep clients. relationships built on trust. This is exactly what we did. I am immensely proud of our people, our accomplishments and our collaborative, values-based approach. The world has changed dramatically over the past two decades; by combining our experience, capabilities and expertise and with a shared vision for the future, we know we can make an even greater impact within Accenture. ”

About Accenture

Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialized skills in more than 40 industries, we offer strategy and advisory, interactive, technological and operational services, all powered by the world’s largest network of advanced technology and intelligent operations centers. Our 624,000 employees deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, employees, shareholders, partners and communities. Visit us at www.accenture.com.

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