NEW YORK - Accenture (NYSE: NYSE:ACN) has broadened its capabilities in the private equity space with the acquisition of Impendi, a provider specializing in sourcing and procurement services. This strategic move aims to enhance Accenture's service offerings to private equity clients, a sector where the company has been intensifying its focus over the past year.
Impendi, established in 2014 and headquartered in New York, employs approximately 130 professionals in the United States and India. The firm is renowned for aiding private equity companies in making procurement decisions that bolster profitability and enhance the bottom lines of their portfolio companies. Impendi's procurement analytics services are instrumental in tracking expenditures, identifying savings opportunities, and improving supplier diversity.
Accenture's Private Equity group, led by Jay Scanlan, has been working to tailor industry and technology expertise into solutions that meet the specific needs of private equity portfolio company executives and investment professionals. The acquisition of Impendi is expected to accelerate this mission by incorporating their innovative sourcing and procurement solutions into Accenture's repertoire.
The integration of Impendi into Accenture's Sourcing and Procurement practice will enable the company to deliver a comprehensive range of services, from advisory to technology and managed services, to private equity clients and their portfolio companies. Jack Azagury, group chief executive for Strategy & Consulting at Accenture, sees this as an opportunity to further expand their practice and build capabilities that facilitate continuous reinvention and value realization for clients.
Impendi's managing partner and CEO, Nathan MacCarter, expressed confidence that the merger with Accenture would allow them to deliver even greater value to clients. Impendi's track record includes working with leaders in various industries, including financial and professional services, manufacturing, consumer goods, and technology.
The terms of the acquisition have not been disclosed. This news article is based on a press release statement.
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