Outsourcing company Accenture will acquire the assets of software and services vendor Savista , in a bid to expand its back-office business process outsourcing capabilities.
The acquisition will supplement Accenture's outsourcing capabilities in the human resources, finance and accounting, learning, customer care and procurement fields. The company typically targets the middle market -- organizations with fewer than 12,000 employees. Savista specializes in providing business-process outsourcing services for companies in the hospitality and restaurant industries. Its offerings include human resources management, finance and accounting services and benefits administration.
The acquisition is expected to close in the next month. Financial terms were not disclosed.
Approximately 400 Savista professionals will join Accenture in the deal, bringing the total number of Accenture professionals performing outsourcing work to more than 18,000.
"With this acquisition, Accenture is gaining both a seasoned and successful management team and a leverageable platform and set of services that are unparalleled in the middle market," said Kevin Campbell, global managing director of Accenture's BPO organization. "We are excited to be able to expand our bundled BPO offering to an additional set of clients."Savista chief executive Jeff Bizzack, will join Accenture and lead the unit responsible for midmarket offerings.
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