NTT DATA, a digital business and IT services leader, announced it has signed a definitive agreement to acquire Umvel, a digital design and engineering firm. Headquartered in Mexico City, Umvel provides high-end design and digital product development services and brings a strong culture of talented and in-demand designers and engineers.
“We are committed to bringing the best and brightest talent to our clients,” said Wayne Busch, Group President, Consulting and Digital Transformation, NTT DATA Services. “Our intent to acquire Umvel supports NTT DATA’s strategy to be the preferred digital innovation partner in the market. Growing our Mexico-based team expands our ability to deliver digital engineering services to our clients in Mexico and enhances our digital product motions from ideation through launch across all of North America."
Once the transaction is closed, Umvel will build on NTT DATA’s successful acquisitions in the digital design and engineering space including Nexient, Vectorform and Postlight. More than 140 team members will join NTT DATA.
“Joining the NTT DATA family of companies is a recognition of the excellence in digital product development we have strived for since our inception,” said Jaime Reixach Arias, Chief Executive Officer, Umvel. “We are very excited to join NTT DATA and work together to continue creating a best-in-class work culture that the most ambitious digital talent aspires to be part of.”
“Our talented team of digital design experts deliver end-to-end capabilities to help our clients excel in the digital economy,” said Frank van de Ven, Chief Strategy Officer, Umvel. “By joining forces with a global brand, we can help make a bigger impact for our clients and an equally exciting opportunity for our team.”
Umvel clients and employees will benefit from access to NTT DATA’s powerhouse of innovation resources, including a $3.6 billion average annual R&D investment and a team of 5,000 research professionals worldwide. NTT DATA recently announced the launch of 6 innovation centers across the globe to focus on bringing advanced technologies to clients with an Innovation Studio co-located in Plano, TX.
The transaction is subject to customary closing conditions and is expected to close in the following weeks.
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