Procurian has 780 employees, and offers procurement-related BPO services. The all-cash deal is expected to close by year's end. ICG (ICGE +13.3%), which had a market cap of only $527M going into today, has jumped on the news. (PR)
Accenture (ACN -0.4%), which has been buying companies at an increasingly frequent pace as organic growth slows, says Procurian will augment its existing procurement BPO offerings. In particular, Accenture touts the company's strategic sourcing, analytics, and delivery capabilities.
Procurian is based out of Pennsylvania, has delivery locations in the U.S. and several other countries.