Endava and Velocity Partners Announce Merger to Become a Truly Global IT Player
8.1.2018 18:01:00 EET | Business Wire | Press release
Endava, a global technology company with a growing footprint in North America and Western Europe, today announced a merger with Velocity Partners, an innovative software development company with a strong presence in Latin America. This strategic move will expand technology services, scalability, geography, and capabilities to current and new clients on a global scale.
The resulting organisation will have over 4,600 people, and the additional six agile software development centres across Argentina, Uruguay, Venezuela, and Colombia will complement Endava’s existing delivery capability from centres across Romania, Moldova, Bulgaria, Serbia, Macedonia, and Colombia.
This will enable Endava, which provides agile, digital, and automation solutions to some of the world’s leading finance, insurance, telecommunications, media, technology, and retail companies, to further expand its footprint in North America and offer the world-class nearshore delivery model which has fuelled its success over the years. The company has a strong business performance with revenues up 38% year on year, supported by a mix of solid organic growth and acquisition-led international expansion.
Peter Stroeve, Managing Partner at Velocity Partners said: “We always aimed to be the nearshore Agile software leader, where talented people achieve their potential and clients gain a partner they trust. By becoming part of the Endava group, our clients will have access to an expanded set of solutions and services, while giving our staff access to new career paths, which will translate into new opportunities to work in global projects, as well as improved work environments and access to better training programmes.”
John Cotterell, Endava’s CEO said: “The Velocity team has distributed Agile in their DNA and an innovative approach, which will mean added capabilities to help our clients on their journey from idea to production and enable them to be more engaging, responsive, and efficient. We are building a global technology company and we are an aspirational brand for IT professionals in the regions in which we operate, attracting the best talent and offering great career and people development opportunities.”
ABOUT VELOCITY PARTNERS
Velocity Partners is an innovative global nearshore software development outsourcing company with over 12 years of experience delighting its clients and employees. The company offers high-value, high quality team augmentation solutions to companies of all sizes. Effective use of local talent in their development centres along with their deep roots in Lean and Agile processes allows Velocity Partners to provide a superior final product to all industries.
Velocity Partners has over 500 employees located in offices in North America and delivery centres located in Argentina, Uruguay, Colombia, and Venezuela.
Velocity Partners understands that employees are the key to success and it's important to meet their personal and professional needs. Teams are foundational to success at Velocity Partners. Through teamwork and collaboration their client success is achieved and there is a strong belief in leadership setting the vision and then empowering employees to work together towards one goal – customer success.
ABOUT ENDAVA
Endava is a privately-owned, global technology company, with over 17 years of experience of working with some of the world’s leading Finance, Insurance, Telecommunications, Media, Technology, and Retail companies. Through their Digital Evolution, Agile Transformation, and Automation solutions, Endava is helping clients be more engaging, responsive and efficient.
Endava has over 4,000 employees located in offices in North America and Western Europe and delivery centres in Colombia, Moldova, Romania, Macedonia, Serbia, and Bulgaria.
Along with investing in long term customer relationships, Endava recognised the importance of providing rewarding and challenging careers for people and, by doing so, has established itself as the employer of choice for the best and brightest engineers.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180108006269/en/
Contact information
CooperKatz & Company, Inc. for Endava
Laura Vinci,
1-917-595-3095
lvinci@cooperkatz.com
or
Velocity
Partners
Peter Stroeve, 1-503-754-7108
peter.stroeve@velocitypartners.net
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Enry’s Island Unveils “Enry’s Island Adventures”: Venture Capital Becomes a Videogame and Launches the “Strap” Movement on Kickstarter3.4.2026 10:47:00 EEST | Press release
Enry’s Island SpA (WBAG: EIOS), the world’s first publicly traded Venture Builder, today announced the upcoming Kickstarter launch of Enry’s Island Adventures (EIA), developed by its New York-based portfolio company, Enry’s Island Adventures LLC. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260402548535/en/ The game is designed to make venture capital accessible to new generations, transforming startup creation into an engaging and social gaming experience. After three years of R&D, EIA introduces a "bleisure" model (business + leisure): players learn to launch and manage startups through gameplay that includes real business KPIs, a customizable and evolving personal island, synchronous and asynchronous multiplayer modes, social events, and community-driven seasonal missions. The “VC revolution”: teaching and democratizing through play "I agree with Elon Musk that the best way to teach is through a video game, and this is
SES Announces Results of the Annual General Meeting2.4.2026 17:49:00 EEST | Press release
SES (the “Company”) held the Annual General Meeting (“AGM”) of Shareholders today in Betzdorf, Luxembourg. Following the recommendations made by the Board of Directors of SES, the shareholders have voted in favor of all resolutions, including the Company’s 2025 annual accounts and the proposed annual dividend of EUR 0.50 per A-share (EUR 0.20 per B-share). The total dividend amount comprises the interim dividend of EUR 0.25 per A-share (EUR 0.10 per B-share), which has already been paid to shareholders on October 16, 2025. The final dividend of EUR 0.25 per A-share (EUR 0.10 per B-share) will be paid to shareholders on April 16, 2026. “I would like to sincerely thank our shareholders for their active engagement, visionary support and continued confidence in SES’ strategy,” said Adel Al-Saleh, CEO of SES. “The outcomes of today’s AGM underscore our shared commitment to a bold multi-orbit approach, with Medium Earth Orbit as the strategic backbone of a dynamically evolving global interco
Forrester: Three Years Into GenAI, Enterprises Are Still Chasing Its True Transformative Value2.4.2026 17:00:00 EEST | Press release
According to Forrester’s (Nasdaq: FORR) latest report, Accelerate Your AI Voyage, most enterprises are struggling to turn growing AI adoption and investment into measurable business impact. One of the key factors holding businesses back is low artificial intelligence quotient (AIQ) — Forrester’s measure of AI aptitude — with many employees lacking a clear understanding of how to use AI. Other barriers include an overemphasis on productivity-focused use cases, difficulty measuring impact, and siloed adoption within individual functions. While these challenges can leave firms frozen in doubt or indecision, the wait-and-see approach to AI adoption is no longer viable. To unlock AI’s full potential, organizations need to focus on four key areas: Define the business outcomes and success metrics for what they want AI to achieve; identify specific use cases for AI deployment aligned to those business outcomes; establish a structured runway to plan, test, and strategically time the deployment
Andersen Consulting Adds Multiplica2.4.2026 16:30:00 EEST | Press release
Andersen Consulting enters into a Collaboration Agreement with Multiplica, a digital consulting firm that helps organizations design, build, and scale impactful digital experiences. Founded in Spain with a presence in Latin America and the U.S., Multiplica focuses on user research and discovery, customer experience research, digital strategy, data modeling and analysis, report automation and data visualization, conversion rate optimization, product design, and user experience design. The firm helps organizations accelerate digital transformation by building digital capabilities, teams, and assets that advance expertise across digital products, consulting, and talent development. Multiplica enables clients to forecast emerging trends in digital experience and transform their businesses through enhanced digital channels and customer engagement. “Collaborating with Andersen Consulting represents an exciting opportunity to extend our reach and impact,” said David Boronat, CEO of Multiplica
Brightfin Unifies Brand Following Proven Optics Merger, Delivering a New Standard for Technology Cost Optimization2.4.2026 16:00:00 EEST | Press release
Brightfin today announced that, following its merger with Proven Optics, the combined company will operate under a single brand: Brightfin. The unified company brings together deep expertise in Technology Expense Management (TEM) and IT Financial Management (ITFM) to help organizations better understand, manage, and reduce total technology spend. Technology spending will exceed $6 Trillion this year, and for most organizations, it remains one of the least understood. CIOs can tell you what they’re spending. Far fewer can tell you whether it’s working. “Over the past several months, we’ve brought these two businesses together around a shared purpose: help enterprise businesses better understand and optimize their technology spend,” said Joel Martins, CEO of Brightfin. “What we are seeing now is a shift. Visibility alone isn’t enough. Teams need to be able to act, tied to real financial outcomes. See Clearly. Spend Better. That is our north star, and that is what our platform is built to
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom