Accenture acquires Insight Sourcing to boost sourcing, procurement services
NEW YORK and ATLANTA, UNITED STATES — Business process outsourcing company Accenture has acquired Insight Sourcing, a sourcing and procurement services firm for the private equity industry.
The acquisition, subject to regulatory approvals, will expand Accenture’s sourcing and procurement services for private equity firms and consumer goods, retail, technology, and industrial industries.
Insight Sourcing will provide 220 sourcing consultants to Accenture’s Sourcing & Procurement practice within its Supply Chain & Operations arm. The deal will include Insight Sourcing’s platform of over 40 procurement tools
“Accenture and Insight Sourcing will combine expertise across direct, indirect and capital expense cost reduction with complementary data and technology capabilities to drive efficiency and resilience across our clients’ supply chains,” said Rob Fuhrmann, global lead for sourcing and procurement at Accenture.
Founded in 2002, Insight Sourcing helps private equity firms optimize costs when sourcing and negotiating contracts for direct materials, indirect materials, services related to capital expenditures, and energy procurement management. It is headquartered in Atlanta.
Insight Sourcing is the third private-equity-centered sourcing and procurement firm that Accenture recently added to its business portfolio. It acquired The Shelby Group in November 2023 and Impendi last month.
The deal includes Insight Sourcing’s energy and procurement business, Insight Energy.
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