Digital engineering company Infostretch is expanding its UK reach after acquiring global technology consultancy Saggezza.
Saggezza - which has 500 employees across six offices in the UK, US and India - was named among the Inc. 5000 as one of the fastest-growing companies in the US and has grown rapidly since its formation in 2005, also seeing rapid expansion at its Sunderland base.
Based in the Sunderland Software Centre, Saggezza offers software technology solutions to national and international clients and currently has around 60 members of staff on Wearside, its UK Centre of Excellence, as well as a team in London.
The company’s acquisition by Infostretch will see the company continue to expand its headcount over the next 12 months, with the creation of a further 40 roles.
The deal marks Infostretch’s first acquisition since the firm’s private equity investment from Goldman Sachs Merchant Banking and Everstone Group in August 2020 and will play a key role in the company’s expansion into the UK and India.
Rutesh Shah, Infostretch CEO, said: “Saggezza’s deep expertise in software design and implementation is a perfect complement to our digital engineering and data analytics capabilities.
“With the addition of their CRM capabilities, we see an opportunity to quickly grow our footprint in our existing client base and leverage those expanded capabilities to win new business. This combination is a positive development for the clients of both companies, which include several Fortune 500 clients.”
Saggezza CEO Arvind Kapur said: “Competing and winning in the future will depend increasingly on an organisation’s ability to seamlessly blend human and digital assets into their customer engagement and business operations.
“By joining forces with Infostretch, we can expand upon our suite of transformative, advisory and execution services to keep our current and prospective clients at the forefront of the digital frontier.”
Saggezza will become a wholly owned subsidiary of Infostretch with executives joining the Infostretch leadership team.
The transaction is subject to customary closing conditions and is expected to be completed within the second quarter this year.
