RTTNews | Oct 19, 2021 06:24AM EDT

06:23 Tuesday, October 19, 2021 (RTTNews.com) - Accenture (ACN) announced the acquisition of Xoomworks Group, a consulting and technology company that specializes in procurement technology, digital innovation and software solutions development. Terms of the deal were not disclosed.

Headquartered in London, Xoomworks operates two distinct businesses: Xoomworks Procurement, a specialist consultancy focused on sourcing and procurement transformation, and Xoomworks Technology, a software development business.

Accenture said the acquisition will expand the company's capabilities for helping clients accelerate technology-led business and procurement transformation.

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