Accenture has widened its enterprise performance management (EPM) offering with the acquisition of UK-based PureApps.
PureApps helps clients use financial insight and analysis to improve organisational effectiveness through better cost management and strategy execution.
The acquisition will strengthen Accenture’s end-to-end EPM capabilities and enable it to help CFOs "transform" the finance function using emerging digital technologies, said the outsourcer and consulting firm. The value of the deal has not been disclosed.
PureApps specialises in implementing performance management solutions based on the Oracle Hyperion EPM and Oracle business analytics range of products. Its solutions integrate strategy, planning and execution across management and operational systems.
PureApps will be integrated into Accenture’s finance and enterprise performance practice, part of Accenture Strategy.
“EPM is experiencing strong growth, driven by the demands of CFOs who are being asked to play a more central role in enhancing the organisational agility of businesses in response to rapidly changing markets,” said Chris Wright, managing director of the Accenture finance and enterprise performance practice.
Founded in 1998, PureApps is a privately held company headquartered in Winchester in the UK. The company also has small offices in Benelux.
Accenture has acquired at least five technology firms in the last five years. Last month it acquired Oracle integrator Enkitec.