Accenture Expands Capabilities for Private Equity Clients with Acquisition of Impendi

Accenture has acquired Impendi, a sourcing and procurement services provider that works primarily with private equity firms, according to a Business Wire release from Accenture. The company said the acquisition expands a capability it considers critical to its growing private equity offering. Terms of the agreement were not disclosed.

Impendi, headquartered in New York and founded in 2014, has approximately 130 sourcing and procurement professionals in the U.S. and India. Its clients include private equity firms as well as companies in financial and professional services, manufacturing, consumer goods and technology. According to the release, Impendi's procurement analytics allow clients to track spend, identify savings and cash-release opportunities, improve supplier diversity across portfolios, and support due diligence and investment research.

Accenture said it has been significantly expanding its private equity capabilities and senior talent over the past year. Jay Scanlan, global lead of Accenture's Private Equity group, said Impendi will help the firm accelerate its effort to adapt its industry and technology expertise into repeatable solutions for portfolio company executives, investment professionals and operating partners. Accenture's private equity offerings span advisory, analytics, digital, growth, operations and technology, including IT diagnostics, cloud migration and managed cyber security services.

Jack Azagury, group chief executive for Strategy & Consulting at Accenture, said Impendi will join the Sourcing and Procurement practice and bring Accenture's third-party cost reduction and procurement transformation capabilities to private equity clients and their portfolio companies. Nathan MacCarter, managing partner and CEO of Impendi, said that as part of Accenture the firm will be able to capture greater value for clients.