8 October 2010 | Lindsay Clark
Accenture has agreed to buy the sourcing services and business process outsourcing operations of procurement technology company Ariba in a deal worth $51 million.
Accenture said it will take over Ariba’s category, sourcing process and strategic sourcing services units in order to strengthen its offering in these areas. Around 160 Ariba employees are expected to join Accenture when the transaction is concluded.
Ariba will keep its software business and the services operations that support it. The sale will enable the company to focus on developing its spend control and analysis software.
Kevin Costello, Ariba president, said: “We remain committed to delivering innovative technologies – including sourcing applications – that enhance the entire commerce process.”
Mike Salvino, group chief executive, BPO, Accenture said: “Ariba is a leader in spend management and this acquisition will extend and strengthen Accenture’s existing sourcing and procurement services by adding deeper category expertise.”