Accenture Acquires Advantium (including XPAN) and Meridian Informed Purchasing

August 4, 2006

Accenture acquired Advantium Inc. (including related entity XPAN LLC) of Hudson, Ohio, and Meridian Informed Purchasing Ltd. of St. Albans, United Kingdom, to enhance its finance and accounting business process outsourcing (BPO) and procure-to-pay analytics capabilities. The purchases add proprietary software and profit-recovery analytics that strengthen Accenture Finance Solutions' ability to detect, prevent and recover lost profits from payables and procurement processes; terms were not disclosed.

Buyers
Accenture
Targets
Advantium Inc., XPAN LLC, Meridian Informed Purchasing Ltd.
Industry
Consulting
Location
Ohio, United States
Transaction Type
Buyout

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