UK software firm Amdaris joins Insight Enterprises
US digital transformation firm Insight Enterprises has purchased UK software developer Amdaris for an undisclosed fee. The deal was supported by advice by consultants from KPMG and PCB Partners.
Founded in 2009, Amdaris is a UK-headquartered software company with offices across Europe and the Middle East. With more than 800 people in the company’s workforce, Amdaris helps clients across the financial services sector to produce enterprise and consumer software applications.
Due to this heritage, the firm was identified as an ideal addition to Insight Enterprises’ global modern applications and data and AI practices. Amdaris will now work as part of Insight to help produce customised solutions for back-end, cloud, mobile, data analytics and web front-end use, helping clients digitally transform faster and more efficiently.
“The acquisition marks an important milestone for Insight as a leading Solutions Integrator,” said Joyce Mullen, president and CEO of Insight. “With the addition of Amdaris, Insight will scale robustly, enhance its technological capabilities and deliver an even broader range of services and solutions to clients in EMEA. They are a perfect fit to help Insight go faster and help our clients achieve their desired business outcomes.”
Since its launch in 1988, Insight Enterprises has grown to a headcount of more than 11,000 staff. The Arizona-based technology company focuses on business-to-business and information technology capabilities for enterprises. While the deal helps enhance Insight’s position as a solutions integrator, Amdaris clients will in turn gain access to Insight’s expertise in cloud, data, AI, cybersecurity and intelligent edge, augmented by Insight’s longstanding relationships with more than 6,000 technology partners around the globe.
“Amidst the fast-paced growth of the IT industry, our acquisition by Insight speaks volumes of their unwavering trust in the exceptional software development skills and talents that Eastern Europe has to offer,” said Vlad Nanu, co-CEO of Amdaris. “There’s also a lot of excitement that this level of investment will generate significant impact and development in the region.”
The deal was advised upon by a number of professional services firms. Armstrong Teasdale acted as counsel to Insight, while Amdaris was represented by TLT.
Meanwhile, Big Four advisory and audit firm KPMG served as the exclusive financial advisor to Amdaris in connection with the transaction. And PCB Partners – a consultancy which provides buy-side and sell-side services with a focus on knowledge economy entities – acted as M&A advisors to Insight.