Accenture Acquires Impendi to Expand Procurement Practice

Global professional services company Accenture is expanding its procurement practice capabilities with acquisition of Impendi, a sourcing and procurement services provider with a focus on private equity clients.

Impendi was first founded in 2014 in New York, and operates with around 130 procurement professionals in both the USA and India.  Alongside private equity specialists, its current client base includes technology companies, manufacturing, consumer goods, financial and professional services sectors.  

Helping private equity achieve faster time to value in investments 

“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,” said Nathan MacCarter, Managing Partner and CEO of Impendi.

Impendi has a track record of working with private equity organisations to make better procurement and sourcing strategies to improve the profitability of companies in their portfolio.  Their analytics approach allows their partners to tracking spending and find other potential avenues for improvement in procurement performance to accelerate time to value with their investments.

Accenture private equity strategy

Accenture is following a strategy of expanding their capabilities in the private equity area, by attracting more talent to address the expanding demand from private equity investors.  

“We’ve been focused on adapting Accenture’s leading industry and technology expertise into repeatable solutions tailored to the needs and prioritised 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.”

“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,” added Jack Azagury, group chief executive for Strategy & Consulting at Accenture.

“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 realise value at pace.”

​​​​​​​Read more about the Accenture acquisition of The Shelby Group.

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