Telecom News Hubb
Advertisement
  • Home
  • News
  • Telecom
  • Contact us
No Result
View All Result
  • Home
  • News
  • Telecom
  • Contact us
No Result
View All Result
Telecom News Hubb
No Result
View All Result
Home News

Software Engineering M&A: Exadel Acquires Codete

admin by admin
November 20, 2022
in News


by Ty Trumbull • Nov 18, 2022

Software engineering and consulting company Exadel, backed by private equity firm Sun Capital Partners, has acquired software development and consulting services company Codete for an undisclosed sum.

This is technology M&A deal number 963 that ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

Exadel Acquires Codete

Exadel, founded in 1998, is based in Concord, California. The company has 1,530 employees listed on LinkedIn. Exadel’s areas of expertise include integration of middleware, SOA, open source, mobile development tools, software development, enterprise services, DevOps, extended & dedicated teams, big data & analytics, QA automation & testing, IoT, application support, UX/UI, product development, enterprise mobile development, PaaS, SaaS, healthcare tech solutions, and financial services tech solutions.

Codete, founded in 2010, is based in Kraków, Poland. The company has 264 employees listed on LinkedIn. Codete’s areas of expertise include web development, mobile development, enterprise application, software development, big data, machine learning, AI, data science, IoT, consulting and R&D.

The addition of Codete’s eCommerce, UX, big data, and cloud capabilities will complement Exadel’s existing MarTech and engineering practices, according to the company.

Exadel Acquires Codete: Increased European Presence

Fima Katz, chairman of the board, Exadel

Fima Katz, Chairman of the Board, Exadel, commented:

“We’re very excited about Codete’s presence in the EU market. Exadel always had strong engineering capabilities in Europe, and Codete’s portfolio of European logos positions us to provide outstanding development for the biggest names in Europe. All current relationships will remain in place, as continuity with the Codete leadership team is a huge priority. We’re sure this acquisition will open up new opportunities to become an even more integral part of our client’s success.”

Artur Olechowski, managing director, Codete, said:

“Joining Exadel represents the next level of growth for our employees and our company as a whole. We have a lot to offer Exadel in terms of our European vision for expansion, and we’re looking forward to benefiting from Exadel’s larger engineering and HR practices.”

Elizabeth De Saint-Aignan, managing director, Sun Capital, added:

“Our strategy of creating a prominent engineering base in Poland is greatly advanced with the acquisition of Codete. Codete brings the perfect blend of engineering excellence, overlapping corporate culture, and regional presence that we are confident will make a lasting positive impact on Exadel.”

Exadel Private Equity Backing

Exadel is no stranger to M&A activity having acquired Seattle-based technology consultancy Coppei in October 2021. In addition to its offices in Concord, Exadel has locations in Europe, North America, and Asia. Sun Capital Partners, a private equity firm, has owned Exadel since March 2021.

The private equity firm, active since 1995, has invested in more than 425 companies worldwide with revenues in excess of $50 billion. Sun Capital typically invests in the business services, consumer, healthcare, industrial and technology sectors. The firm has offices in Boca Raton, Florida, Los Angeles and New York and an affiliate with offices in London, the United Kingdom.



Source link

Previous Post

How a Pomodoro timer app helped me regain my focus

Next Post

How Wi-Fi 7 addresses Wi-Fi 6 pitfalls

Next Post

How Wi-Fi 7 addresses Wi-Fi 6 pitfalls

Recommended

Woman Issues PSA About Impostor Porn Accounts on Instagram

November 7, 2022

Customer Uses Capsule to Take Perfume, Asks if It’s ‘Illegal’

December 24, 2022

Meta gives up on NFTs for Facebook and Instagram

March 13, 2023

Ultra-wideband and Multi-antenna Accelerate All Bands to 5G for Higher-Quality All-Scenario Mobile Networks

March 18, 2023

Almost 1000 private networks have already been deployed globally

December 12, 2022

Don't miss it

News

Today’s the last day to switch away from Twitter’s SMS 2FA method

March 20, 2023
News

Huawei FDD Beamforming Series Win GSMA GLOMO’s ‘Best Mobile Technology Breakthrough’ Award

March 19, 2023
Telecom

Woman Catches Date Talking To Girl Rated ‘7/10 BJ’ in His Phone

March 19, 2023
News

Maybe it’s because you’re a Londoner that 5G’s not much faster

March 19, 2023
News

Rogers launches 5G challenge to develop apps for mining industry

March 19, 2023
News

Carahsoft Technology Corp Announced AECOM Partnership

March 19, 2023

Telecomm-white

© 2022 Telecomm News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Telecom
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Telecom
  • Contact us

© 2022 Telecomm News Hubb All rights reserved.