Accenture are a leading world-wide professional services company that helps organisations optimise their operations and accelerate their growth and performance. They are confirming the acquisition of The Shelby Group, a leading provider of digital procurement and optimization services. The acquisition further enhances Accenture’s capabilities in sourcing and procurement technology transformation. Financial terms of the transaction were not disclosed.
Who is The Shelby Group?
Founded in 2002 with headquarters in Schaumburg, Illinois, The Shelby Group is a procurement technology consultancy with experience in Coupa and Ivalua solutions. It helps clients in the manufacturing, financial services, consumer, healthcare and technology sectors transform their procurement operations by increasing spend visibility and task automation and decreasing cost and risk. The Shelby Group’s team will join the Connected Solutions group within Accenture Technology, bolstering its position as a Coupa Global Elite partner and growing its relationship with Ivalua.
“In an environment characterised by ongoing disruption, businesses are looking to deliver sustainable savings, reduce risk and support business growth,” said Emma McGuigan, senior managing director and Enterprise & Industry Technologies lead at Accenture. “The depth of The Shelby Group’s digital procurement experience helps us meet growing client demand for sourcing and procurement transformation.”
Jim Kandilas, CEO and co-founder, The Shelby Group, said, “For more than 20 years, we have helped our clients reimagine the strategic value of their procurement function. Our goals of delivering savings and operating efficiencies, along with improved treasury and risk management results through digitisation will continue. As part of Accenture, we will further scale our solutions and accelerate innovation, providing exciting new opportunities for our people and our valued clients.”
The financial terms of the deal are yet to be made public.
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