Accenture Acquires Xoomworks to Enhance Procurement and Digital Transformation Capabilities in Europe
LONDON; - Accenture (NYSE: ACN) has acquired Xoomworks Group, a consulting and technology company that specializes in procurement technology, digital innovation and software solutions development. The acquisition will expand Accenture's capabilities for helping clients accelerate technology-led business and procurement transformation. Terms of the transaction were not disclosed.
Established in 2000, Xoomworks operates two distinct businesses: Xoomworks Procurement, a specialist consultancy focused on sourcing and procurement transformation, and Xoomworks Technology, a software development business that partners with clients across industries to help them innovate at speed and scale digital solutions that create value and solve complex business problems. Headquartered in London, Xoomworks's team of more than 250 professionals are joining Accenture from across their operations in the United Kingdom, France, Germany, Romania, Bulgaria, Denmark and Sweden.
Xoomworks Procurement brings proprietary methodologies and solutions for full procurement lifecycle implementations, data-driven spend management and change management. The addition of Xoomworks Procurement strengthens Accenture's Closed Loop Spend Management capabilities, which help clients with end-to-end transformations that deliver unprecedented visibility across direct and indirect cost categories and drive new ways of working to generate sustainable cost savings and top line value. Xoomworks shares deep 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 enduring growth and prepares them for what's next," said Pierre-Francois Kaltenbach, senior managing director within Accenture's Supply Chain & Operations group. "We're delighted to welcome Xoomworks to our team and join our mission to help clients transform their procurement capabilities to accelerate innovation and drive breakthrough value, while answering the call for more responsible business."
Xoomworks Technology has in-depth experience in bespoke software development, UX & mobile, data engineering, product innovation, and cloud integrations. With a strong reputation for problem-solving, Xoomworks Technology brings a carefully developed approach for delivery designed to create value, foster innovation and achieve business outcomes, which has translated into long-lasting strategic client relationships.
Jan Van Den Bremen, senior managing director and Accenture's Intelligent Platform Services Europe Lead, said: "Intelligent platforms and ecosystem partners play a pivotal role in bringing together the major capabilities needed to run a modern enterprise and take advantage of new business models. With the addition of Xoomworks, we are expanding our deep technology expertise to further help accelerate the path to value for our clients at speed."
Malcolm Clark, Co-founder and Group CEO, Xoomworks, added: "When we founded Xoomworks 21 years ago, we set out to create technology-led solutions to solve specific business problems and deliver high-performance outcomes with a focus on forming deep client relationships built on trust. We've done just that. I'm immensely proud of our people, our achievements and our collaborative values-led approach. The world has changed radically in the last two decades; by combining our experience, capabilities and expertise and with a shared vision of the future, we know we can have an even bigger impact as part of Accenture."
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services-all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 624,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
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