Accenture (NYSE: ACN) has acquired Impendi, a sourcing and
procurement services provider with a focus on private equity
clients, expanding a critical capability to Accenture’s growing
offerings for this industry.
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Accenture has acquired Impendi, a
sourcing and procurement services provider with a focus on private
equity clients, expanding a critical capability to Accenture’s
growing offerings for this industry. (Graphic: Business Wire)
Impendi helps private equity companies make sourcing and
procurement decisions that increase their profitability and improve
the bottom line of their portfolio companies. The firm’s
procurement analytics offering allows clients to track spend,
identify opportunities for savings and cash release, and improve
supplier diversity across their portfolio, as well as conduct due
diligence and investment research – leading to faster time to value
with their investments.
Accenture has been significantly expanding its private equity
capabilities and senior talent in the past year to address growing
demand from private equity investors.
“We’ve been focused on adapting Accenture’s leading industry and
technology expertise into repeatable solutions tailored to the
needs and prioritized levers of private equity portfolio company
executives, investment professionals and operating partners,” said
Jay Scanlan, global lead of Accenture’s Private Equity group.
“Impendi will help us accelerate that mission with their innovative
sourcing and procurement solutions, proven advisory, execution and
analytics services for the private equity industry from due
diligence to value creation and value delivery.”
Accenture’s capabilities for private equity clients span
advisory, analytics, digital, growth, operations and technology,
including rapid IT diagnostics, cloud migration and managed
services like cyber security. Additionally, the private equity
group focuses on acquiring better assets more effectively, reducing
operational complexity, realizing margin expansion and revenue
growth and managing risk more comprehensively. They are designed to
drive end-to-end outcomes identified in investment theses and to
help produce better returns on investment and sustained growth.
“By joining our Sourcing and Procurement practice, Impendi can
help bring the full breadth of our third-party cost reduction and
procurement transformation capabilities – from advisory to
technology and managed services – to private equity clients and
their portfolio companies,” added Jack Azagury, group chief
executive for Strategy & Consulting at Accenture. “This move is
part of our continued investment to serve our private equity
clients and enables us to further expand the Sourcing and
Procurement practice while building capabilities that help our
clients on their path of continuous reinvention and to realize
value at pace.”
Headquartered in New York, Impendi was founded in 2014 and has
approximately 130 sourcing and procurement professionals in the
U.S. and India. Beyond leading private equity firms, its clients
include companies in the financial and professional services,
manufacturing, consumer goods and technology industries.
Nathan MacCarter, managing partner and CEO of Impendi,
commented: “Leaders in private equity and other industries trust
Impendi for our knowledge of strategic sourcing, expertise in spend
categories and data-driven insights that help guide decision-making
and enhance enterprise value. As part of Accenture, we will be able
to capture even greater value for clients.”
Terms of the agreement were not disclosed.
Forward-Looking Statements
Except for the historical information and discussions contained
herein, statements in this news release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “should,” “likely,” “anticipates,” “aspires,” “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates,”
“positioned,” “outlook,” “goal,” “target” and similar expressions
are used to identify these forward-looking statements. These
statements are not guarantees of future performance nor promises
that goals or targets will be met, and involve a number of risks,
uncertainties and other factors that are difficult to predict and
could cause actual results to differ materially from those
expressed or implied. These risks include, without limitation,
risks that: the transaction might not achieve the anticipated
benefits for Accenture; Accenture’s results of operations have
been, and may in the future be, adversely affected by volatile,
negative or uncertain economic and political conditions and the
effects of these conditions on the company’s clients’ businesses
and levels of business activity; Accenture’s business depends on
generating and maintaining client demand for the company’s services
and solutions including through the adaptation and expansion of its
services and solutions in response to ongoing changes in technology
and offerings, and a significant reduction in such demand or an
inability to respond to the evolving technological environment
could materially affect the company’s results of operations; if
Accenture is unable to match people and their skills with client
demand around the world and attract and retain professionals with
strong leadership skills, the company’s business, the utilization
rate of the company’s professionals and the company’s results of
operations may be materially adversely affected; Accenture faces
legal, reputational and financial risks from any failure to protect
client and/or company data from security incidents or cyberattacks;
the markets in which Accenture operates are highly competitive, and
Accenture might not be able to compete effectively; Accenture’s
ability to attract and retain business and employees may depend on
its reputation in the marketplace; if Accenture does not
successfully manage and develop its relationships with key
ecosystem partners or fails to anticipate and establish new
alliances in new technologies, the company’s results of operations
could be adversely affected; Accenture’s profitability could
materially suffer if the company is unable to obtain favorable
pricing for its services and solutions, if the company is unable to
remain competitive, if its cost-management strategies are
unsuccessful or if it experiences delivery inefficiencies or fail
to satisfy certain agreed-upon targets or specific service levels;
changes in Accenture’s level of taxes, as well as audits,
investigations and tax proceedings, or changes in tax laws or in
their interpretation or enforcement, could have a material adverse
effect on the company’s effective tax rate, results of operations,
cash flows and financial condition; Accenture’s results of
operations could be materially adversely affected by fluctuations
in foreign currency exchange rates; changes to accounting standards
or in the estimates and assumptions Accenture makes in connection
with the preparation of its consolidated financial statements could
adversely affect its financial results; as a result of Accenture’s
geographically diverse operations and strategy to continue to grow
in key markets around the world, the company is more susceptible to
certain risks; if Accenture is unable to manage the organizational
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be materially adversely affected if the company incurs legal
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company to additional risks inherent in the government contracting
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intellectual property rights or if Accenture’s services or
solutions infringe upon the intellectual property rights of others
or the company loses its ability to utilize the intellectual
property of others, its business could be adversely affected;
Accenture may be subject to criticism and negative publicity
related to its incorporation in Ireland; as well as the risks,
uncertainties and other factors discussed under the “Risk Factors”
heading in Accenture plc’s most recent Annual Report on Form 10-K
and other documents filed with or furnished to the Securities and
Exchange Commission. Statements in this news release speak only as
of the date they were made, and Accenture undertakes no duty to
update any forward-looking statements made in this news release or
to conform such statements to actual results or changes in
Accenture’s expectations.
About Accenture
Accenture is a leading global professional services company that
helps the world’s leading businesses, governments and other
organizations build their digital core, optimize their operations,
accelerate revenue growth and enhance citizen services—creating
tangible value at speed and scale. We are a talent- and
innovation-led company with approximately 743,000 people serving
clients in more than 120 countries. Technology is at the core of
change today, and we are one of the world’s leaders in helping
drive that change, with strong ecosystem relationships. We combine
our strength in technology and leadership in cloud, data and AI
with unmatched industry experience, functional expertise and global
delivery capability. We are uniquely able to deliver tangible
outcomes because of our broad range of services, solutions and
assets across Strategy & Consulting, Technology, Operations,
Industry X and Song. These capabilities, together with our culture
of shared success and commitment to creating 360° value, enable us
to help our clients reinvent and build trusted, lasting
relationships. We measure our success by the 360° value we create
for our clients, each other, our shareholders, partners and
communities. Visit us at www.accenture.com.
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Enxhi Myslymi Accenture +1 703 947 3595
enxhi.myslymi@accenture.com Jens Derksen Accenture +49 30 89047
61393 jens.derksen@accenture.com
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