Key Points
WNS’ recent acquisitions of The Smart Cube and OptiBuy come at a juncture when global businesses look to build resilient ecosystems by expanding the role of procurement and analytics beyond cost reduction and efficiency.
Analyst firm HFS Research, in their latest blog, describes these acquisitions as timely and well-thought-through. They believe this move will empower WNS to facilitate comprehensive procurement transformation for clients through enhanced procurement analytics and advisory capabilities. While The Smart Cube is a platform-driven research and analytics leader focused on procurement and supply chain, OptiBuy is a leading provider of procurement platform consulting and implementation solutions.
HFS Research notes that while WNS has always been proficient at procurement data management and analytics, The Smart Cube acquisition fortifies WNS’ front-end advisory capabilities and opens up new growth prospects in Europe. Meanwhile, acquiring OptiBuy will enable WNS to develop customized and differentiated end-to-end digital procurement transformation solutions and capitalize on the opportunities the North American market offers.