Accenture acquires Epylon
- By Dan Caterinicchia, Dan Caterinicchia
- Aug 21, 2001
To capitalize on the growing market in state government electronic procurement,
Accenture has acquired Epylon Corp., a privately held provider of e-procurement
solutions for government and education institutions.
Epylon will be an Accenture affiliate company, wholly owned by the firm.
The acquisition, announced last week, was completed shortly before Accenture's
initial public offering in June, said David Wilkins, managing partner for
ventures and new business in Accenture's government unit.
More than 450 school districts and government agencies use Epylon solutions,
and Wilkins said that number should grow as e-procurement continues to remain
at the top of many states' priority lists.
"It's the natural evolution of [enterprise resource planning] systems,"
he said. "Half of the U.S. states are either buying or recently bought e-procurement
systems. It's at the front of the food chain at state administrations...and
with Epylon, we're providing both software and services to hold them all
Epylon's senior management team and all of its approximately 90 employees
were offered continued employment "and all accepted jobs into Accenture,"
Jay Mohr of Accenture will join Epylon as acting chief executive officer.
Mohr is a partner and entrepreneur in residence with Accenture Technology
Stephen George, Epylon's founder, said Accenture was "the logical company
for us to sell to and we are extremely optimistic about this new chapter
in Epylon's life."
Epylon had revenue of about $4 million in the last fiscal year and will
continue to operate under that name. Financial terms of the deal were not