Accenture Acquires ClearEdge to Help Clients Better Manage Digital Transformation Spend
November 09 2021 - 10:09AM
Business Wire
Accenture (NYSE: ACN) has acquired ClearEdge Partners, a firm
specializing in procurement spend management, to help clients
better manage their digital transformation spend. Terms of the
transaction were not disclosed.
ClearEdge brings proprietary methodologies, solutions and deep
expertise in information technology (IT) spend management and
software asset management. These capabilities combined with
Accenture’s SynOps platform will give Accenture the ability to
extend insights and purchasing expertise to help clients generate
cost savings and extract greater value out of existing IT
investments.
Expanding digital transformation agendas continue to drive
rising IT spending among enterprise organizations. An industry
forecast by Gartner® projects worldwide IT spending to reach $4.1
trillion by the end of 2021, up 8.4% from 2020[1]. However,
Accenture estimates that as much as 30% of value from IT spending
gets lost to licensing complexities and lack of spending
controls.
“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,” said Manish Sharma,
group chief executive of Accenture Operations. “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.”
Headquartered in the Boston area, ClearEdge brings approximately
100 professionals to Accenture Operations, as well as deep category
expertise, advanced analytics and software asset management. It
also provides advisory, sourcing support and spend optimization
services to help clients improve supplier negotiations and better
manage IT spend.
Jack Garrahan, co-founder and chief executive officer of
ClearEdge, added: “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.”
About Accenture Accenture is a global professional
services company with leading capabilities in digital, cloud and
security. Combining unmatched experience and specialized skills
across more than 40 industries, we offer Strategy and Consulting,
Interactive, Technology and Operations services—all powered by the
world’s largest network of Advanced Technology and Intelligent
Operations centers. Our 624,000 people deliver on the promise of
technology and human ingenuity every day, serving clients in more
than 120 countries. We embrace the power of change to create value
and shared success for our clients, people, shareholders, partners
and communities. Visit us at www.accenture.com.
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information and discussions contained herein, statements in this
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actual results to differ materially from those expressed or
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transaction might not achieve the anticipated benefits for
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Accenture’s results of operations and share price could be
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risks, uncertainties and other factors discussed under the “Risk
Factors” heading in Accenture plc’s most recent Annual Report on
Form 10-K and other documents filed with or furnished to the
Securities and Exchange Commission. Statements in this news release
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[1] Gartner Press Release, Gartner Forecasts Worldwide IT
Spending to Reach $4 Trillion in 2021, April 7, 2021 GARTNER is a
registered trademark and service mark of Gartner, Inc. and/or its
affiliates in the U.S. and internationally and is used herein with
permission. All rights reserved.
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Jenn Francis Accenture +1 630 338 6426
jennifer.francis@accenture.com
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