Accenture Buys ClearEdge

Accenture Buys ClearEdge

Accenture (NYSE: ACN) has acquired ClearEdge Partners, a Boston, MA-based firm specializing in procurement spend management, to help clients manage their digital transformation spend.

Terms of the transaction were not disclosed.

Led by Jack Garrahan, co-founder and chief executive officer, ClearEdge brings proprietary methodologies, solutions and deep expertise in information technology (IT) spend management and software asset management. These capabilities combined with Accenture’s SynOps platform will give Accenture the ability to extend insights and purchasing expertise to help clients generate cost savings and extract greater value out of existing IT investments.  

Headquartered in the Boston area, the firm brings approximately 100 professionals to Accenture Operations, as well as deep category expertise, advanced analytics and software asset management. It also provides advisory, sourcing support and spend optimization services to help clients improve supplier negotiations and manage IT spend.