WNS buys Denali Sourcing for $40 mn

WNS and technology for enterprise
BPO major WNS (Holdings) is set to acquire Denali Sourcing Services (Denali), a provider of strategic procurement BPM solutions, for $40 million.

Denali delivers sourcing and procurement services to brands in the High-Tech, Retail/CPG, Banking and Financial Services, Utilities, and Healthcare verticals.

Denali provides Source-to-Contract (S2C) solutions, including Category Management, Strategic Sourcing, Contract and Supplier Management, and Spend Analytics.

Denali Sourcing Services has built a smart technology system to perform spend analytics, and a procurement value management and tracking platform called SmarTrak. Denali Sourcing Services has also developed Denali Academy, a training platform to enable strategic procurement capabilities for clients.

Denali currently manages over $30 billion in spend on behalf of over 25 clients via a multi-location global delivery network. Over 90 percent of Denali’s revenue is recurring in nature, and over 95 percent of revenue is derived from clients in the United States.

“The acquisition of Denali Sourcing Services adds a strategic procurement capability to our existing Finance and Accounting solutions. Denali is a unique asset which we believe helps position WNS as an industry leader in F&A, and enhances our Industry Specific Solutions,” said Keshav Murugesh, WNS’ Chief Executive Officer.

In combination with WNS’s existing Procure-to-Pay (P2P) capabilities, the acquisition of Denali will enable the BPO major to offer complete end-to-end Source-to-Pay (S2P) solutions.

Alpar Kamber is the founder and CEO, Denali Sourcing Services.

The acquisition is expected to contribute approximately $3 million in revenue for WNS in the fiscal year ending March 31, 2017, and to be accretive to fiscal 2017 earnings. Denali currently employs over 200 cost and procurement professionals globally.

WNS offers business value to 200+ clients in industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities.

As of September 30, 2016, WNS had 31,719 professionals across 42 delivery centers worldwide including China, Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, United Kingdom and the United States.