Accenture buys procurement consultancy Insight Sourcing

14 February 2024 Consulting.us 2 min. read
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Accenture has signed an agreement to acquire Insight Sourcing, an Atlanta-based strategic sourcing and procurement consulting firm.

Founded in 2002, Insight helps clients optimize costs when sourcing and negotiating contracts for direct and indirect materials, services related to capital expenditures, and energy procurement management. The firm has depth of expertise in cost takeout strategy powered by category and supplier market intelligence.

Insight specializes in working with private equity clients and their portfolio firms across consumer goods, retail, technology, and industrials. The firm serves over 60 private equity firms, including 10 of the 25 largest funds in North America.

Accenture’s acquisition of Insight includes the firm’s suite of more than 40 technology procurement tools and Insight Energy, its energy procurement and management business.

Accenture buys procurement consultancy Insight Sourcing

Approximately 220 consultants will join Accenture’s sourcing & procurement practice within its supply chain & operations function. Terms of the transaction were not disclosed.

“Insight Sourcing will be the latest investment we are making to address growing demands from private equity investors, who seek tailored and repeatable solutions that drive value,” said Muqsit Ashraf, global lead for Accenture Strategy. “Combined with Accenture’s proven expertise across strategy, advisory, technology and managed services, Insight Sourcing will provide critical spend and sourcing capabilities to our private equity clients and their portfolio companies.”

Accenture recently acquired two other US procurement consultancies: New York-based Impendi in January 2024 and Chicago-based The Shelby Group in November 2023.

“Over two decades, we have built a skilled team of professionals who are passionate about being the best in their craft and driving impactful results,” said Tom Beaty, founder and CEO of Insight Sourcing. “As part of Accenture’s sourcing and procurement strategy, we will reach new levels of continued success with increased resources and opportunities.”

Accenture last month acquired Navisite, an Andover, MA-based digital transformation and managed services firm.