Avasant completes acquisition of Global Equations
Avasant announced the acquisition of Global Equations LLC, an Austin, TX based management consulting firm focusing on Sourcing and Globalization Advisory services. This acquisition will further strengthen Avasant's position as the leading Sourcing and Globalization Advisory firm. Avasant's Global CEO Kevin S. Parikh described this as a strategic move and added, "Avasant has continued to grow its global advisory practice and the acquisition of Global Equations will further expand our current delivery footprint. Today Avasant supports its clients globally, including in several emerging regions: Africa, the Middle East, Central and Latin America, and Eastern Europe." As a part of this acquisition, Anupam Govil, CEO of Global Equations will join Avasant as a Partner and continue to drive the growth of this important line of business. Additionally, Anupam will also assume the role of President of Avasense, Inc. AvaSenseTM is a Sourcing Governance solution offering state-of-the-art contract analytics and governance tools via a Cloud based technology platform. Commenting on this transaction, Mr. Govil stated, "This acquisition was a logical move. Avasant now has the most comprehensive set of globalization solutions to advise and assist emerging regions, service providers and multinationals in leveraging global sourcing." Parikh added, "This move is part of a deliberate corporate acquisition strategy to grow the firm; we are proactively targeting inorganic growth options." Following the announcement, Avasant's CFO, Bob Randolph added, "AvaSense's approach of providing needed financial and business analytics to support contract governance is being well received by the market. Bringing in Anupam to head this company will provide the necessary impetus to make AvaSense the industry's leading solution for Contract Governance.