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McKinsey & Company acquire Orpheus GmbH

Friday 7th February, 2020

Orpheus GmbH, a leading provider of spend analytics technology and a recognised innovator in digital procurement has been acquired by global global management consultancy firm, McKinsey & Company. Founded in Germany in 2005, Orpheus develops software that helps organisations optimise their external expenditure throughout their operations, by analysing purchasing data streams for value-capture opportunities and measuring realised procurement impact.

With this acquisition, McKinsey brings a new offering to clients: Spend Intelligence by McKinsey—a service that will enable spend transparency, spend and cost analytics, and value-capture management. The offering is a powerful combination of Orpheus’ advanced platform technology with McKinsey’s industry expertise and content-rich services in digital procurement.

By infusing best-in-class technology and AI-based analytics with deep supply-market and category-sourcing expertise, and by innovating with service-delivery models including outsourcing, Spend Intelligence by McKinsey helps clients unlock the value hidden in their purchasing data: actionable insights that help capture more impact in procurement, sustainably.

Spend Intelligence by McKinsey will support CPOs, CFOs, and category managers with actionable insights to effectively and efficiently address and manage these focus areas, resulting in significant bottom-line benefits.