International enterprise course of outsourcing agency WNS introduced that it acquired The Good Dice, AI and analytics agency targeted on procurement and provide chain, alongside OptiBuy, a world consultancy specialising in procurement administration. With this acquisition, the corporate seems to be to strengthen its choices and capabilities in high-end procurement and superior analytics.
WNS acquired The Good Dice for about $125 million. The corporate mentioned the acquisition will add roughly $9 million to WNS’s internet income in fiscal 2023. OptiBuy, however, was acquired for $30 million. It’s mentioned that the acquisition is anticipated so as to add about $2 million to WNS’ internet income in fiscal 2023. Furthermore, WNS has funded the up-front funds for these acquisitions with a mixture of money and £83 million of long-term debt.
The Good Dice chief Gautam Singh mentioned that over twenty years, they’d constructed a powerful enterprise based mostly on delivering worth for his or her shoppers by leveraging AI+HI (synthetic intelligence + human intelligence) methodology. “We’re delighted to affix WNS within the subsequent part of our development journey,” he added.
Based in 2003, The Good Dice offers digitally-led market intelligence and analytics options. The corporate provides providers in 4 key areas: digital and analytics, procurement and provide chain, industrial gross sales and advertising and marketing, and technique and funding analysis. Earlier this month, The Good Dice was licensed as a Greatest Agency for Information Scientists by Analytics India Journal.
Headquartered in London, UK, and workplaces in Noida (India), Timișoara (Romania), Switzerland, and Chicago (USA), The Good Dice has over 800 international staff, together with a seasoned management workforce, and greater than 600 R&A specialists.
OptiBuy managing director Mateusz Borowiecki mentioned that it believes that the acquisition will allow the creation of holistic digital procurement and provide chain options for the worldwide market.
Based in 2010, OptiBuy is among the main European suppliers of procurement administration options. The corporate helps shoppers use the capabilities of third-party procurement and provide chain platforms, together with Jaggaer, Ivalua, and O9, and enhances WNS’ present choices with platforms equivalent to Coupa and Ariba. It additionally offers its shoppers with consulting, optimisation, outsourcing, and coaching providers.
At the moment targeted on the EMEA (Europe, Center East, Africa) market, the corporate has about 90 staff. Nevertheless, with the latest acquisition, WNS seems to be to increase these capabilities into the North American market as a major alternative.
WNS’ chief Keshav R. Murugesh mentioned that each corporations possess capabilities that complement their present procurement and analytics choices. He mentioned that The Good Dice and OptiBuy would improve their WNS-Denalu (procurement) and WNS-Triange (analytics) options.
WNS is among the main enterprise course of administration (BPM) corporations. With over 400 shoppers throughout varied industries, the corporate provides a spectrum of BPM options, together with analysis and analytics , industry-specific choices, buyer expertise providers, finance and accounting, human sources, and procurement. As of September 30, 2022, the corporate has about 57,503 staff working throughout 60 supply centres globally, alongside facility centres in India, Sri Lanka, China, Canada, Costa Rica, the Philippines, Poland, Romania, South Africa, Spain, Turkey, the UK, and the US.
