Accenture (NYSE: ACN) has acquired ClearEdge Partners, a firm specializing in procurement spend management, to help clients better manage their digital transformation spend. Terms of the transaction were not disclosed.
ClearEdge brings proprietary methodologies, solutions and deep expertise in information technology (IT) spend management and software asset management. These capabilities combined with Accenture's SynOps platform will give Accenture the ability to extend insights and purchasing expertise to help clients generate cost savings and extract greater value out of existing IT investments.
Expanding digital transformation agendas continue to drive rising IT spending among enterprise organizations. An industry forecast by Gartner® projects worldwide IT spending to reach $4.1 trillion by the end of 2021, up 8.4% from 2020. However, Accenture estimates that as much as 30% of value from IT spending gets lost to licensing complexities and lack of spending controls.
