Accenture (NYSE: ACN) acquired Xoomworks Group, a London, UK-based consulting and technology company that specializes in procurement technology, digital innovation and software solutions development.
The amount of the deal was not disclosed.
The acquisition will expand Accenture’s capabilities to enable clients to accelerate technology-led business and procurement transformation.
Established in 2000 and led by CEO Malcolm Clark, 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 allow them to innovate at speed and scale digital solutions that create value and solve complex business problems.
The firm’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.
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.
Xoomworks Technology has in-depth experience in bespoke software development, UX & mobile, data engineering, product innovation, and cloud integrations.