Business process management firm WNS has acquired two services firms in Europe.
UK-headquartered The Smart Cube is a research and analytics services company focused on procurement and supply chains, and OptiBuy is based in Poland and is a provider of procurement platform consulting and implementation solutions.
The Smart Cube leverages its proprietary digital AI knowledge management platform, Amplifi Pro, to help clients drive improved procurement and market intelligence and insight-based decision making.
The company has over 800 employees globally, and has been acquired for $125m, including an up-front payment and expected earn-outs.
OptiBuy helps clients leverage the capabilities of leading third party procurement and supply chain platforms, including Ivalua, Jaggaer and O9, and complements WNS’ existing offerings with platforms such as Coupa and Ariba. OptiBuy also provides consulting, optimisation, outsourcing and training services to its clients.
Currently focused on the EMEA market, the company has about 90 employees. WNS will expand its services offering to North America. This acquisition will cost WNS €30m, including an up-front payment and expected earn-outs.
“These companies have blue-chip customer bases with extensive cross-selling opportunities, and proven track records of delivering strong top line growth, healthy margins and high levels of customer satisfaction,” said Keshav Murugesh, WNS chief executive officer.
