Accenture on Monday, the 6th of March ’06, said it would acquire key assets of Savista, expanding the range of bundled, back office Business Process Outsourcing (BPO) capabilities the company offers, to include those designed specifically for the mid-market organizations with fewer than 12,000 employees. The market for these services is estimated by industry analysts to approach $17 billion, and is expected to grow to more than $25 billion by 2009.
The acquisition will supplement Accenture’s market-leading business process outsourcing capabilities in human resources, finance and accounting, learning, customer care and procurement. The acquisition is expected to close in the next month.
Savista, an Accel-KKR company, provides human resources and finance outsourcing systems for the hospitality industry, and is moving quickly to capture opportunities in the financial services and high-tech sectors. The acquisition of these BPO capabilities will enable Accenture to expand its client base in a lucrative and growing market.
