SAN FRANCISCO -- Accenture, a publicly traded consulting firm, said it acquired Epylon, an e-procurement software provider for the public sector, at the end of June. No financial details of the acquisition were disclosed.

Accenture, which was an investor in Epylon's Series B round through Accenture Technology Ventures, said the acquisition came about through mutual discussions after Accenture realized how often it utilized Epylon's software in its government consulting division. The working relationship between the two companies began in early 2000.

Epylon will be an Accenture affiliate company, fully owned by Accenture but operating with a different management structure. Jay Mohr, a partner at Accenture, is replacing Epylon's founder Stephen J. George, as Epylon's acting CEO. Mr. George remains executive vice president of sales and strategy. Epylon said it has not decided when it will look for a permanent CEO. The company will also retain all of its 90 employees and continue to operate out of its San Francisco office.

Epylon had raised more than $50 million, including a $47 million Series B round in June 2000, from Accenture Technology Ventures, Brand Equity Ventures, Deloitte Consulting, Highland Capital Partners, Information Technology Ventures, Intel Capital, ITV/Infinity Capital, Osprey Ventures, Palladin Capital Group, The Galleon Group, and individuals.

Back to more announcements