New York, November 2, 2023 – Accenture (NYSE: ACN) has recently completed the acquisition of The Shelby Group, a prominent provider of digital procurement and optimization services. This acquisition further strengthens Accenture’s expertise in sourcing and procurement technology transformation. The financial terms of the transaction have not been disclosed.
Established in 2002 and headquartered in Schaumburg, Illinois, The Shelby Group specializes in procurement technology consultancy, with a particular focus on Coupa and Ivalua solutions. Their core mission is to assist clients across various industries, including manufacturing, financial services, consumer, healthcare, and technology, in streamlining procurement operations by enhancing spend visibility, task automation, and cost reduction. The Shelby Group’s team, comprising 172 highly skilled sales and delivery professionals, will integrate into the Connected Solutions group within Accenture Technology. This move reinforces Accenture’s status as a Coupa Global Elite partner and strengthens its relationship with Ivalua.
Emma McGuigan, Senior Managing Director and Enterprise & Industry Technologies lead at Accenture, commented, “In an environment marked by continuous disruptions, businesses are increasingly seeking sustainable savings, risk reduction, and support for their growth. The Shelby Group’s extensive experience in digital procurement equips us to meet the rising client demand for sourcing and procurement transformation.”
Jim Kandilas, CEO, and co-founder of The Shelby Group, remarked, “For over two decades, we have assisted our clients in reimagining the strategic value of their procurement function. Our commitment to delivering savings, operational efficiencies, enhanced treasury and risk management through digitization remains unwavering. As part of Accenture, we look forward to scaling our solutions and expediting innovation, which will present exciting opportunities for our team and valued clients.”
Accenture’s strategy to support its clients’ supply chain, sourcing, and procurement transformations has involved several acquisitions, including Xoomworks Group, a London-based consulting and technology company specializing in procurement technology, digital innovation, and software solutions development; ClearEdge Partners, headquartered in Boston and focusing on procurement spend management; MacGregor Partners, a supply chain consultancy and technology provider specializing in intelligent logistics and warehouse management with headquarters in Raleigh, North Carolina; and Blue Horseshoe, a supply chain management and strategy consulting firm and systems integrator based in Carmel, Indiana.
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