Accenture Acquires Procurement Technology Firm Xoomworks
Accenture has acquired Xoomworks Group, a group of technology companies specialising in procurement and digital transformation solutions.
Accenture will acquire both of London-headquartered Xoomworks’ businesses: Xoomworks Procurement and Xoomworks Technology.
Xoomworks Procurement provides solutions and strategies for full procurement lifecycle implementations, data-driven spend management and change management. Its clients include trading platform network OLX Group, green power company Luminus, industrial construction firm Consolis, and financial services group AIB.
Xoomworks Procurement joins Accenture’s Closed Loop Spend Management
Xoomworks Procurement will join Accenture’s Closed Loop Spend Management, enhancing its capabilities to transform clients’ end-to-end operations, provide enhanced visibility across both direct and indirect spend, and open new channels to drive sustainable cost savings and top line value.
“Now more than ever, companies need to take a more proactive approach to managing third-party spend that positions them for enduring growth and prepares them for what’s next,” said Pierre-François Kaltenbach, senior managing director within Accenture’s Supply Chain & Operations group. “We’re delighted to welcome Xoomworks to our team and join our mission to help clients transform their procurement capabilities to accelerate innovation and drive breakthrough value, while answering the call for more responsible business.”
Xoomworks Technology to Expand “Deep Technology Expertise”
Xoomworks Technology will also join Accenture, “expanding our deep technology expertise to further help accelerate the path to value for our clients at speed,” said Jan Van Den Bremen, senior managing director and Accenture’s Intelligent Platform Services Europe Lead. Xoomworks Technology has expertise in bespoke software development, UX and mobile, data engineering, as well as product innovation and cloud integrations.
More than 250 Xoomworks staff will join Accenture from bases across Europe, including the United Kingdom, France, Germany, Romania, Bulgaria, Denmark and Sweden.
Malcolm Clark, co-founder and Group CEO, Xoomworks, added: “When we founded Xoomworks 21 years ago, we set out to create technology-led solutions to solve specific business problems and deliver high-performance outcomes with a focus on forming deep client relationships built on trust. We’ve done just that. I’m immensely proud of our people, our achievements and our collaborative values-led approach. The world has changed radically in the last two decades; by combining our experience, capabilities and expertise and with a shared vision of the future, we know we can have an even bigger impact as part of Accenture."