Procurement Intell Specialist Spend Matters Sold

GenAI strategy consultancy The Hackett Group has completed the acquisition of procurement and supply chain market intelligence specialist Spend Matters, for an undisclosed sum.

The Hackett Group has developed two platforms, AI XPLR and ZBrain, promising to help clients realize the potential of AI in everything from 'ideation through implementation'. The firm says its expertise is 'grounded in ... best practices insights from benchmarking the world's leading businesses' - including 97% of the Dow Jones Industrials and 90% of the Fortune 100.

Spend Matters was founded in 2004 and provides insights, analysis and solutions that help organizations optimize their procurement processes. The firm is led by Carina Kuhl (pictured), who will now head up a combined market intelligence practice at Hackett, and comments, 'We're thrilled to join The Hackett Group... Over the past 20 years, Spend Matters has built a reputation for powering critical technology, product marketing, and investment decisions for buyers, vendors, consultants, and investors in procurement and supply chain. Now, by joining forces with The Hackett Group, we'll elevate that intelligence, embedding it into a broader, data-driven advisory model that delivers even greater strategic value for both buyers and vendors.'

Ted Fernandez, CEO of The Hackett Group, comments: 'This acquisition not only deepens our procurement and supply chain insights but also positions us to extend our market intelligence into adjacent domains, enabling broader impact for our clients across the enterprise.'

Web site: www.thehackettgroup.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.