French IT services firm Capgemini Group said that it has acquired Swedish procurement technology company IBX and launched an on-demand procurement-as-a-service offering.
The companies said that they have joined forces in order to drive development of a new global procurement service offering and expand the addressable market for IBX’s technology. The deal adds IBX’s strength in software-as-a-service purchasing technology to Capgemini’s global sourcing, business process outsourcing (BPO) and transformation expertise.
According to Capgemini Group, the new BPO procurement offering will include a full suite of products and services including business process outsourcing, the software-as-a-service procurement platform, and a global supplier network.
Hubert Giraud, global leader of Capgemini BPO, said: “Procurement platforms can provide immediate gains for companies looking to outsource processes. In addition, we enable clients to manage their sourcing strategy on a global basis, helping them manage their business better.
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“Now that our unique offering provides the end-to-end capabilities from transformation consulting to global sourcing, organisations need only seek a single partner for procurement outsourcing. Not only does the fully integrated approach achieve significant savings faster, the required investment to recognise and achieve the saving is also less.”
The transaction is expected to be finalised by the end of February, subject to the approval of the relevant anti-trust authorities.
