Accenture recently announced that it had acquired Impendi, a sourcing and procurement services provider focusing on private equity clients, expanding a critical capability to Accenture’s growing offerings for this industry.
Impendi helps private equity companies make sourcing and procurement decisions to increase their profitability and improve the bottom line of their portfolio companies. The firm’s procurement analytics enables clients to track spending, identify opportunities for savings and cash release, improve supplier diversity across their portfolio, and conduct due diligence and investment research, leading to faster time to value their investments.
Accenture has been expanding its private equity capabilities and senior talent in the past year to address growing demand from private equity investors.
Accenture’s capabilities for private equity clients span advisory, analytics, digital, growth, operations, and technology, including rapid IT diagnostics, cloud migration, and managed services like cyber security. The private equity group focuses on acquiring better assets more effectively, reducing operational complexity, realizing margin expansion and revenue growth, and managing risk more comprehensively. They are designed to drive end-to-end outcomes identified in investment theses and to help produce better returns on investment and sustained growth.
Based in New York, Impendi was founded in 2014 and has approximately 130 sourcing and procurement professionals in the U.S. and India. Beyond leading private equity firms, its clients include companies in the financial and professional services, manufacturing, consumer goods, and technology industries.
The terms of the agreement were not disclosed.
KEY QUOTES:
“We’ve been focused on adapting Accenture’s leading industry and technology expertise into repeatable solutions tailored to the needs and prioritized levers of private equity portfolio company executives, investment professionals and operating partners. 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.”
— Jay Scanlan, global lead of Accenture’s Private Equity group
“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. 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 realize value at pace.”
— Jack Azagury, group chief executive for Strategy & Consulting at Accenture
“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.”
— Nathan MacCarter, managing partner and CEO of Impendi
