Accenture acquired Impendi, a NYC-based sourcing and procurement services provider with a focus on private equity clients.
The amount of the deal was not disclosed.
With the acquisition, Accenture will expand its capability to grow its offerings for this industry.
Founded in 2014 and led by Nathan MacCarter, managing partner and CEO, 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. Its clients include companies in the financial and professional services, manufacturing, consumer goods and technology industries.
The firm has approximately 130 sourcing and procurement professionals in the U.S. and India.
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.
FinSMEs
18/01/2024