WNS, a provider of global business process management services, has acquired the Smart Cube, a research and analytics company focused on procurement and supply chain, and OptiBuy, a European procurement consulting and implementation services company.
Smart Cube, headquartered in London, offers services in procurement and supply chain, commercial sales and marketing, digital and analytics and strategy and investment research. OptiBuy is headquartered in Warsaw, Poland and provides procurement platform consulting and implementation services as well as optimization, outsourcing and training services to its clients. Both assets aim to complement WNS’ existing offerings and strengthen the company’s capabilities in procurement and analytics. WNS has funded the up-front payments for these acquisitions with a combination of cash on hand and around $88 million of long-term debt.
“Both of these companies possess unique, digitally-led/human intelligence capabilities which are complementary to WNS’ existing procurement and analytics offerings, and are also complementary with each other,” comments Keshav Murugesh, WNS’ CEO. “The Smart Cube and OptiBuy bring experienced leadership teams, highly specialized resources, and differentiated technology offerings to the WNS portfolio.”