Ardian and PRGX Announce Acquisition Close
Ardian’s North America Direct Buyouts Completes Transaction, Positioning PRGX to Expedite Technology Roadmap and Accelerate Growth
Michael Lustig Named PRGX CEO
PRGX is the world’s largest Accounts Payable and Merchandise Recovery Audit firm, serving clients in more than 30 countries in
PRGX provides leading technology-enabled source-to-pay solutions to businesses by mining client data to deliver actionable insights that increase cash flow and profitability through cost reduction, business process improvement and risk management. PRGX’s advanced solutions include recovery audit, preventive audit, contract compliance, and advanced analytics, which leverage artificial intelligence and machine learning to minimize leakage, maximize value, optimize cash flow, and strengthen operations – creating a complete audit assurance program, not only recovering cash, but improving internal controls and resolving systemic issues to drive total improvement. The company leads its industry in protecting the privacy and security of client data through a robust combination of technical, administrative and physical controls, in addition to rigorous data privacy and security business practices.
With Ardian’s support, the company will develop core markets, including accelerating the roll-out of the company’s proprietary platform, the Verigon® Solution Suite, and grow strategic revenue streams, including the launch of new advanced analytics solutions.
“With digital transformation at the forefront of business strategies across the globe, PRGX’s state-of-the-art platform for recovery audit, contract compliance, advanced analytics, and predictive audits, is tremendously impressive,” said
“With market leadership, innovative technology and with the full support of
Commenting on the news,
The transaction, which was initially announced on
The Ardian North American direct buyout fund focuses on lower middle market buyouts, specifically middle market industrial and business service companies across a range of sectors in
PRGX helps companies spot value in their source-to-pay processes that other sophisticated solutions didn’t get to before. Having identified more than 300 common points of leakage, we help companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data. We pioneered this industry nearly 50 years ago, and today we help clients in more than 30 countries take back
Source: PRGX Global, Inc.
Financial Community Information
Inquiries from institutional investors, financial analysts, registered representatives, portfolio managers and individual shareholders should be directed to:
PRGX Global, Inc.
600 Galleria Parkway
Atlanta, GA 30339
Victor A. Allums
Phone: (770) 779-3011
BDO USA, LLP