Charlotte, NC; August 4, 2006 - DecisionPoint International ("DecisionPoint"), a boutique investment bank providing merger and acquisition services to middle-market services and technology clients, announced that its client, Advantium, Inc., has been acquired by Accenture (NYSE:ACN), a global management consulting, technology services and outsourcing company. Advantium is an international post audit firm specializing in the recovery of lost profits for businesses. Terms of the deals were not disclosed. By agreeing to acquire Advantium, Accenture is enhancing its finance and accounting business process outsourcing (BPO) capabilities that help clients prevent, detect and recover "lost profits" through analysis of payables data and processes. It will also boost Accenture's existing capabilities around the procure-to-pay process by providing clients with insights and analytics-based services that can be used to drive high performance. Accenture will offer profit and recovery analytics services to business process outsourcing and consulting clients. This announcement represents another step in Accenture's strategy to offer industry-defining outsourcing services and capabilities to serve a wide range of clients in each area of its outsourcing business.
"Advantium will further differentiate Accenture's offering of tools and capabilities to help clients increase profitability, optimize payment terms, improve working capital, tighten operating controls, enhance compliance, and gain insight into their spending among suppliers," said Kevin Campbell, senior managing director of Accenture's BPO organization. "As the market leader in finance-and-accounting BPO, we're dedicated to expanding our offering with enhanced services related to profit recovery and analytics."
Advantium, Inc. is an innovative audit recovery firm headquartered in Hudson, Ohio, USA. The company works with some of the leading retail, manufacturing and healthcare companies in America to recover lost profits and improve their payment processes. For more information, visit www.advantiuminc.com.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 133,000 people in 48 countries, the company generated net revenues of US$15.55 billion for the fiscal year ended Aug. 31, 2005. For more information, visit www.accenture.com.
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.