Accenture, a global professional services company, has announced the acquisition of Impendi, a sourcing and procurement services provider that specializes in serving private equity clients.
The deal will enhance Accenture’s ability to help private equity firms and their portfolio companies optimize their sourcing and procurement decisions, achieve cost savings, and improve supplier diversity.
Impendi, founded in 2014 and based in New York, has a team of about 130 professionals in the U.S. and India. The firm offers procurement analytics, due diligence, and investment research services to private equity clients across various industries, such as financial and professional services, manufacturing, consumer goods, and technology.
The acquisition is part of Accenture’s strategy to expand its private equity capabilities and meet the growing demand from private equity investors. Accenture provides a range of services for private equity clients, including advisory, analytics, digital, growth, operations, and technology solutions, as well as cloud migration and cyber security managed services.
Accenture’s private equity group aims to help clients acquire better assets, reduce operational complexity, increase margins and revenues, and manage risk more effectively.
“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.”
Jack Azagury, group chief executive for Strategy & Consulting at Accenture, said, “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”.
“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.”
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.”
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