Intuitus, an industry-renowned provider of technology and digital due diligence and other technology advisory services to the private equity sector, announced today that it has been acquired by Endava plc (NYSE “DAVA”), a leading next-generation technology services provider.
“We are delighted to be joining Endava. Our due diligence expertise, combined with Endava’s technology know-how and international platform, will enhance our existing capabilities and bring significant new growth opportunities for the combined team” said Calum Stewart, CEO of Intuitus. “We remain fully committed to the private equity sector and to both serving and further strengthening our relationships with our existing client base,” Calum added.
Endava helps its clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. It services clients across several industries including Payments and Financial Services, TMT, Consumer Products, Retail, Logistics and Healthcare.
Private equity is also a fast-growing area for Endava. The acquisition of Intuitus will enhance its technology due diligence capability and accelerate its penetration of this market segment. Additionally, the depth and breadth of Endava’s digital product and software engineering capabilities will now be available to Intuitus’ client base.
“The Private Equity space has always been an area of focus and strength for Endava, driven by the ability to drive increased equity value through digital transformation. Joining forces with Intuitus strengthens this position, bringing increased execution capability and a great portfolio of clients” said John Cotterell, CEO of Endava.
As part of the transaction Intuitus was advised by Equiteq (Corporate Finance), Johnston Carmichael (Finance and Tax) and MBM Commercial (Legal).
About Endava PLC
Endava is a leading next-generation technology services provider and helps accelerate disruption by delivering rapid evolution to enterprises. Using distributed enterprise agile at scale, Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions. Endava helps its clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. It services clients in the following industries: Payments and Financial Services, TMT, Consumer Products, Retail, Logistics and Healthcare.
Endava had 5,754 employees as of June 30, 2019 located in offices in North America and Western Europe and delivery centres in Romania, Moldova, Bulgaria, Serbia, North Macedonia, Argentina, Uruguay, Venezuela, and Colombia.