Efficio works with clients across the world to help them achieve breakthrough and sustainable results in their procurement functions. Since their foundation in 2000 the company has evolved significantly to offer a much broader spectrum of services than traditional procurement consulting. Efficio has developed a long-term managed services business, which now accounts for a third of revenues, and eFlow, a suite of best-in-class procurement technologies that help clients to manage and sustain benefits over the long term.
Liz Jones at Livingbridge said, “Efficio is a business we have admired for some time and we are delighted to partner with such a successful international consultancy. We look forward to supporting the team’s global ambitions and rapidly expanding managed services offering, as well as looking to future growth with their exciting new procurement technologies.”
Since investment Efficio have continued to pursue their growth strategy, including the acquisition of Dedoko, a leading web application development company, three weeks after investment. After our investment we also introduced a chairman, who used to run Bain Consulting in Europe, to support the management team.
“In Livingbridge we have found a partner who understands our ambitions for the business and will work with us as we turn them into reality. This investment will enable us to continue our international expansion and will help us to further develop our managed services and technology offerings.”
Jens Pedersen, Chief Executive
Livingbridge completes a minority investment
Successful acquisition of the development and management team of Dedoko a leading web application development company