NEW YORK; Nov. 2, 2023 – Global professional services company Accenture (NYSE: ACN) has announced its acquisition of The Shelby Group, a prominent digital procurement and optimization services provider. This strategic move is set to bolster Accenture’s expertise in sourcing and procurement technology transformation. Financial details of the transaction have not been disclosed.
Founded in 2002 and headquartered in Schaumburg, Illinois, The Shelby Group specializes in procurement technology consulting, particularly with a focus on Coupa and Ivalua solutions. Its primary mission is to assist clients in various industries, including manufacturing, financial services, consumer, healthcare, and technology, in transforming their procurement operations. This transformation involves enhancing spend visibility, task automation, cost reduction, and risk mitigation. The Shelby Group employs a team of 172 highly skilled professionals in sales and delivery.
The acquisition of The Shelby Group positions Accenture’s Connected Solutions group as a Coupa Global Elite partner and strengthens its partnership with Ivalua.
Emma McGuigan, Senior Managing Director and Enterprise & Industry Technologies Lead at Accenture, commented on the acquisition, saying, “In a business landscape marked by continuous disruptions, organizations are increasingly focused on achieving sustainable savings, risk reduction, and supporting growth. The Shelby Group’s deep expertise in digital procurement aligns perfectly with the growing demand for sourcing and procurement transformation among our clients.”
Jim Kandilas, CEO and co-founder of The Shelby Group, expressed optimism about the acquisition. He stated, “For over two decades, we have worked with clients to redefine the strategic significance of their procurement functions. Our commitment to delivering savings, operational efficiencies, and improved treasury and risk management through digitization remains unchanged. Joining Accenture allows us to scale our solutions further and accelerate innovation, opening up new possibilities for our team and valued clients.”
Accenture has a history of strategic acquisitions aimed at supporting its clients’ supply chain, sourcing, and procurement transformations. These acquisitions include Xoomworks Group, a London-based consulting and technology company specializing in procurement technology, digital innovation, and software solutions; ClearEdge Partners, a Boston-based firm specializing in procurement spend management; MacGregor Partners, a supply chain consultancy and technology provider based in Raleigh, North Carolina; and Blue Horseshoe, a Carmel, Indiana-based firm specializing in supply chain management, strategy consulting, and systems integration.
About Accenture Accenture is a global leader in professional services, working with businesses, governments, and organizations worldwide to build their digital capabilities, optimize operations, drive revenue growth, and enhance citizen services. With a workforce of approximately 733,000 professionals serving clients in over 120 countries, Accenture is at the forefront of driving technological change. The company’s comprehensive services and deep expertise in cloud, data, AI, and more enable it to deliver tangible results, fostering innovation and creating value. Accenture operates across various domains, including Strategy & Consulting, Technology, Operations, Industry X, and Song, and is committed to creating 360° value for clients, shareholders, partners, and communities. Visit www.accenture.com for more information.
Forward-Looking Statements This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could impact the company’s results include economic and political conditions, client demand, technological changes, competitive pressures, tax considerations, foreign exchange rates, and more. For a detailed discussion of these factors and associated risks, please refer to Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with the Securities and Exchange Commission. The statements in this news release speak only as of the date they were made, and Accenture does not undertake any obligation to update forward-looking statements in light of subsequent events or changes in expectations.
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