M&A Deal Summary

Accenture Acquires Xoomworks

On October 19, 2021, Accenture acquired information technology company Xoomworks

Acquisition Highlights
  • This is Accenture’s 107th transaction in the Information Technology sector.
  • This is Accenture’s 26th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-10-19
Target Xoomworks
Sector Information Technology
Buyer(s) Accenture
Deal Type Add-on Acquisition

Target

Xoomworks

London, United Kingdom
website
Xoomworks is a consulting and technology company that specializes in procurement technology, digital innovation, and software solutions development. Xoomworks was founded in 2000 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Accenture

Dublin, Ireland

website


Category Company
Founded 1951
Sector Business Services
Employees624,000
Revenue 61.6B USD (2022)
DESCRIPTION

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Accenture was founded in 1951 and is based in Dublin, Ireland.


DEAL STATS #
Overall 245 of 315
Sector (Information Technology) 107 of 141
Type (Add-on Acquisition) 218 of 280
Country (United Kingdom) 26 of 33
Year (2021) 51 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 BRIDGEi2i

Bengaluru, India

BRIDGEi2i is specializes in data-driven digital transformation for companies across industries and global markets by combining data engineering, advanced analytics, proprietary AI accelerators and consulting services. BRIDGEi2i was founded in 2011 and is based in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 ClearEdge Partners

Needham, Massachusetts, United States

ClearEdge Partners is a firm specializing in procurement spend management, to help clients better manage their digital transformation spend. ClearEdge brings proprietary methodologies, solutions and deep expertise in information technology (IT) spend management and software asset management. ClearEdge Partners was founded in 2006 and is based in Needham, Massachusetts.

Buy -