NTT DATA acquires digital design, software development and product engineering company Umvel. Financial terms of the deal were not disclosed.
This is technology M&A deal number 850 that ChannelE2E has covered so far in 2022.
Mexico City-based Umvel was founded around 2014 – although ChannelE2E does not know the exact date of incorporation. The company has approximately 140 employees who focus on software development and digital design services.
The Umvel deal aligns with previous NTT Data acquisitions such as Nexient, Vectorform and Postlight, the buyer noted.
NTT Data buys Umvel: management insights
In a prepared statement about the deal, Wayne Busch, Group President, Consulting and Digital Transformation, NTT DATA Services, said:
“We are committed to bringing the best and brightest talent to our clients. Our intention to acquire Umvel supports NTT DATA’s strategy to be the preferred digital innovation partner in the market. The growth of our Mexico-based team expands our ability to provide digital engineering services to our customers in Mexico and enhances our digital product movements from ideation to launch throughout North America.
Added Umvel CEO Jaime Reixach Arias:
“Joining the NTT DATA family of companies is recognition of the excellence in digital product development that we have sought since our inception. We are very excited to join NTT DATA and work together to continue to create a world-class work culture that the most ambitious digital talents aspire to. »
Frank van de Ven, Chief Strategy Officer of Umvel, concluded:
“Our talented team of digital design experts provide end-to-end capabilities to help our clients excel in the digital economy. By joining forces with a global brand, we can help deliver greater impact for our clients and an equally exciting opportunity for our team.
NTT Business Evolution: Buying and Selling Assets
Meanwhile, NTT Data’s parent company continues to refine its overall revenue mix and business focus around the world. In addition to acquiring various assets, the company may seek to sell some assets while merging the huge NTT Data and NTT IT services organizations.