January 8 (SeeNews) - UK-based IT solutions provider Endava, which operates delivery centres in several countries of Southeast Europe, on Monday announced its merger with US-based software developer Velocity Partners, which has a strong presence in Latin America.
"The merger [...] will create a global IT player able to bring to clients more options in terms of service, technology, scalability and geography," Endava said in a statement.
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The resulting organisation will have over 4,600 people, and the additional six agile software development centres across Argentina, Uruguay, Venezuela, and Colombia will add to Endava's existing delivery capability in Romania, Moldova, Bulgaria, Serbia, Macedonia, and Colombia.
Endava said the deal will enable it to further expand its footprint in North America and offer nearshore delivery model which has fuelled its success over the years.
Endava is a privately-owned, global technology company, with over 17 years of experience of working with companies from the finance, insurance, telecommunications, media, technology, and retail sectors.