Accenture buys procurement spend management specialist ClearEdge Partners

Accenture has acquired ClearEdge Partners, a Boston-based company that specializes in procurement spend management, for an undisclosed price.

ClearEdge Partners is said to enable its clients to better manage their expenditure on digital transformation.

The company brings with it proprietary methodologies, solutions, and deep know-how in information technology (IT) spend management as well as software asset management, said Accenture. These capabilities of ClearEdge Partners along with the SynOps platform of Accenture will give the latter the ability to extend insights and buying expertise to assist clients in generating savings in costs while drawing increased value out of existing IT investments.

Jack Garrahan — co-founder and CEO of ClearEdge Partners said: “Since starting ClearEdge 15 years ago, we’ve built unrivaled expertise and capabilities for helping clients maximize the value of their digital transformation spend. Together with Accenture, our shared vision of the future and combined capabilities will accelerate our ambition and enable us to have an even bigger impact.”

ClearEdge Partners has a workforce of nearly 100 professionals who will be added to Accenture Operations. The company also offers advisory, spend optimization, and sourcing support services to help clients enhance supplier negotiations and better manage their spending on IT.

Manish Sharma — Accenture Operations group chief executive said: “While the pandemic accelerated the speed of digital adoption, organizations are now at an inflection point where sustaining growth will be defined by those that create value faster and maximize the impact of those investments.

“We’re delighted to welcome ClearEdge to our team, adding significant IT category expertise to our procurement business while extending our ability to deliver value for clients.”