{"id":450658,"date":"2021-03-04T08:12:02","date_gmt":"2021-03-04T13:12:02","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450658"},"modified":"2021-03-04T08:12:02","modified_gmt":"2021-03-04T13:12:02","slug":"endava-announces-the-acquisition-of-pet-minuta","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/endava-announces-the-acquisition-of-pet-minuta\/","title":{"rendered":"Endava Announces the Acquisition of Pet Minuta"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b><span class=\"bwuline\">Endava Announces the Acquisition of Pet Minuta<\/span><\/b><\/p>\n<p>LONDON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEndava (NYSE: DAVA) announced today the acquisition of Pet Minuta d.o.o. of Croatia and its U.S. subsidiary, Five Minutes Studio, Inc. (together \u201cFIVE\u201d).\n<\/p>\n<p>\nFIVE, based in Brooklyn, NY and Croatia, is a digital agency delivering a full spectrum of services, including product strategy, the design, build and delivery of digital experiences, and ongoing growth marketing using agile methodology combined with a scientific\/metrics-driven approach to product design.\n<\/p>\n<p>\nWith this acquisition, Endava increases its capacity in the ideation, design and delivery of intelligent digital experiences and enhances its capabilities in digital product strategy and performance optimization services.\n<\/p>\n<p>\nFIVE brings to Endava a list of clients primarily based in the United States. This list includes well-known companies such as Rosetta Stone, Bullhorn Inc. and Napster. FIVE partners with clients to create new revenue streams and applies its results-driven focus to help those clients increase revenue, and user engagement, while lowering acquisition costs, all results that are critical to digital product success in the long term.\n<\/p>\n<p>\nFIVE has a team of 157 operational employees based in Brooklyn, NY and Croatia. The majority of its people are based in delivery centers in Croatia\u2019s four largest cities.\n<\/p>\n<p>\nThe transaction is expected to be earnings enhancing in year one.\n<\/p>\n<p>\n\u201cI am delighted to welcome FIVE into the Endava family. They are a wonderful team who bring additive skills into Endava, particularly in the product strategy and growth optimization space, which we believe many of our clients will find compelling. Additionally, their credentials as a leading New York agency with delivery centers in Croatia is aligned with our business model and further strengthens our footprint in the Adriatic region,\u201d said John Cotterell, Endava\u2019s CEO.\n<\/p>\n<p>\n\u201cWe are thrilled to be joining Endava. We saw early on the cultural fit and were very excited about Endava\u2019s interest in our people and core services, including Product Strategy, Design and Growth Marketing. We believe being part of a larger platform and joining forces with Endava will open up even more opportunities for our talent and provide our clients with additional capability and capacity,\u201d said Viktor Marohni\u0107, Founding Partner at FIVE.\n<\/p>\n<p><b>ABOUT ENDAVA:<\/b><\/p>\n<p>\nEndava is a leading next-generation technology services provider and helps accelerate disruption by delivering rapid evolution to enterprises. Using distributed enterprise agile at scale, Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions. Endava helps its clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. It serves clients in the following industries: Payments and Financial Services, TMT and &#8220;Other,&#8221; which includes Consumer Products, Retail, Mobility and Healthcare.\n<\/p>\n<p>\nEndava had 7,464 employees (including directors) as of December 31, 2020 located in North America, Western Europe and Australia and delivery centres in Romania, Moldova, Bulgaria, Serbia, North Macedonia, Slovenia, Bosnia &amp; Herzegovina, Argentina, Uruguay, Venezuela, and Colombia.\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.endava.com%2F&amp;esheet=52390739&amp;newsitemid=20210304005567&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.endava.com%2F&amp;index=1&amp;md5=e1df2329b682f295aa1edebd5fae2cf3\">https:\/\/www.endava.com\/<\/a><\/p>\n<p><b>ABOUT FIVE:<\/b><\/p>\n<p>\nFIVE is a result driven digital agency delivering a full spectrum of services from product strategy, through the design, build and delivery of those experiences, to ongoing growth marketing using integrated Agile development teams.\n<\/p>\n<p>\nFIVE serves clients based primarily in the US with 157 operational employees located in Brooklyn, NY and Croatia.\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffive.agency%2F&amp;esheet=52390739&amp;newsitemid=20210304005567&amp;lan=en-US&amp;anchor=https%3A%2F%2Ffive.agency%2F&amp;index=2&amp;md5=f6a5ffa10e7369386e2a8ad35ab8baa6\">https:\/\/five.agency\/<\/a><\/p>\n<p><b><i>Forward-Looking Statements <\/i><\/b><\/p>\n<p><i>This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of the words \u201canticipate,\u201d \u201cexpect,\u201d &#8220;intend,&#8221; \u201copportunities,\u201d or &#8220;will,&#8221; and other similar forward looking words or phrases and include, but are not limited to, the statements regarding the expected benefits to, and the anticipated impact on, Endava\u2019s business and earnings resulting from the acquisition of FIVE. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: Endava\u2019s ability to successfully integrate acquired businesses and personnel; the size of Endava\u2019s addressable market and market trends; Endava\u2019s ability to adapt to technological change and innovate solutions for its clients; Endava\u2019s plans for growth and future operations, including Endava\u2019s ability to manage its growth; Endava\u2019s ability to effectively manage its international operations; Endava\u2019s ability to retain existing clients and attract new clients; and the effects of increased competition as well as innovations by new and existing competitors in Endava\u2019s market, as well as other risks and uncertainties discussed in the \u201cRisk Factors\u201d section of Endava\u2019s Annual Report on Form 20-F filed with the Securities and Exchange Commission on September 15, 2020. In addition, the forward-looking statements included in this press release represent Endava\u2019s views and expectations as of the date hereof and are based on information currently available to Endava. Endava anticipates that subsequent events and developments may cause its views to change. While Endava may elect to update these forward-looking statements at some point in the future, Endava specifically disclaim any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing Endava\u2019s views as of any date subsequent to the date hereof.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005567r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210304005567\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210304005567\/en\/<\/a><\/span><\/p>\n<p>\nINVESTOR CONTACT:<br \/>\n<br \/>Endava Plc<br \/>\n<br \/>Laurence Madsen, Investor Relations Manager<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Investors@endava.com\">Investors@endava.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Technology Other Technology Data Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Endava Announces the Acquisition of Pet Minuta LONDON&#8211;(BUSINESS WIRE)&#8211; Endava (NYSE: DAVA) announced today the acquisition of Pet Minuta d.o.o. of Croatia and its U.S. subsidiary, Five Minutes Studio, Inc. (together \u201cFIVE\u201d). FIVE, based in Brooklyn, NY and Croatia, is a digital agency delivering a full spectrum of services, including product strategy, the design, build and delivery of digital experiences, and ongoing growth marketing using agile methodology combined with a scientific\/metrics-driven approach to product design. With this acquisition, Endava increases its capacity in the ideation, design and delivery of intelligent digital experiences and enhances its capabilities in digital product strategy and performance optimization services. FIVE brings to Endava a list of clients primarily based in the United States. This list &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/endava-announces-the-acquisition-of-pet-minuta\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Endava Announces the Acquisition of Pet Minuta&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450658","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Endava Announces the Acquisition of Pet Minuta - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/endava-announces-the-acquisition-of-pet-minuta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Endava Announces the Acquisition of Pet Minuta - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Endava Announces the Acquisition of Pet Minuta LONDON&#8211;(BUSINESS WIRE)&#8211; Endava (NYSE: DAVA) announced today the acquisition of Pet Minuta d.o.o. of Croatia and its U.S. subsidiary, Five Minutes Studio, Inc. (together \u201cFIVE\u201d). FIVE, based in Brooklyn, NY and Croatia, is a digital agency delivering a full spectrum of services, including product strategy, the design, build and delivery of digital experiences, and ongoing growth marketing using agile methodology combined with a scientific\/metrics-driven approach to product design. With this acquisition, Endava increases its capacity in the ideation, design and delivery of intelligent digital experiences and enhances its capabilities in digital product strategy and performance optimization services. FIVE brings to Endava a list of clients primarily based in the United States. 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