Accenture Acquires The Shelby Group, Expanding Sourcing And Procurement Transformation Capabilities; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Accenture (NYSE:ACN) has acquired The Shelby Group, a provider of digital procurement and optimization services. The acquisition is expected to enhance Accenture's sourcing and procurement technology transformation capabilities. The Shelby Group's team of 172 professionals will join Accenture Technology's Connected Solutions group. Financial terms of the deal were not disclosed.
November 02, 2023 | 5:15 pm
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Accenture's acquisition of The Shelby Group could strengthen its position in the sourcing and procurement technology transformation sector. The addition of The Shelby Group's team to Accenture Technology's Connected Solutions group could also enhance Accenture's service offerings.
The acquisition of The Shelby Group, a company with deep experience in digital procurement and optimization services, could significantly enhance Accenture's capabilities in this area. This could potentially lead to increased business opportunities and revenue for Accenture, positively impacting its stock price in the short term.
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