Munich, Germany – November 4, 2021 – intive announced today that it is further extending its global reach and has acquired SimTLiX, a US and LATAM based digital transformation partner for some of the biggest Fortune 500 companies. This acquisition boosts intive’s regional presence in the Americas and further strengthens its domain expertise and value offering for customers in FinTech, Telecom, Healthcare and Retail. Their combined reach is expected to accelerate growth across existing geographies, enhancing both scale and breadth of design and engineering competencies with a complementary portfolio to generate additional business impact for customers.
intive's latest acquisition is in line with the company’s growth strategy announced in 2020 and follows the achievement of this year’s consecutive strong quarters of business growth. With over 7 years in the market and more than 350 digital natives, SimTLiX is working with leading technologies such as blockchain, machine learning and cloud to accelerate agile product development to American customers. Bringing SimTLiX into the intive Group deepens intive’s design-led digital engineering domain expertise in Telecom, FinTech, Healthcare and Retail and complements the intive group market offering with deep digital transformation and innovation competencies.
“Last year has driven up demand for human-centered design and effective digital solutions and intive is experiencing unprecedented growth. We sought to find a trusted digital transformation partner with matching culture & values, who would complement our existing tech expertise, and share our passion for accelerating the business transformation of our customers by designing and engineering new dimensions of excitement to their products.” – said Gurdeep Grewal, Chief Executive Officer of intive. “We have found that synergy in SimTLiX and I am excited to continue the journey together to further strengthen our growth and offering to our global customers. Building on SimTLiX’s people-centric culture, their desire to deliver simplified technology for a life changing experience and with a US and LATAM presence, we can boost and diversify our delivery, and strengthen our team with forward-thinking and like-minded technology experts.”
SimTLiX currently operates a strong position out of the US and LATAM, where intive already have a presence. This acquisition demonstrates intive’s clear commitment to further leveraging LATAM as a nearshore location for the intive group, fueling significant growth opportunities for the newly combined companies. intive has acquired 100 percent of the stakes in SimTLiX, which will continue to be led by Diego Rubio, SimTLiX CEO, who will join intive’s executive team.
“The need for successful digital transformation is at an all-time high. At SimTLiX, our teams combine in-depth industry expertise with world-class technical knowledge, providing our customers with a truly simple but powerful service. In intive, we’ve found the same mindset and values that have been guiding us throughout our seven-year company history,” – said Diego Rubio, joint founder of SimTLiX. “Joining the intive Group marks a new milestone in our journey. I’m confident that our complementary company culture and combined domain expertise and passion for customer centricity and satisfaction will bring tangible value to our long-standing relationships with customers and new growth opportunities for our people. Together, we’re able to expand our global footprint and continue to be the best partner to our customers.”
Zinnov acted as the financial buyer side advisor to intive on the transaction.
intive is a global digital powerhouse headquartered in Munich, Germany and a partner to some of the worlds’ leading producers of people-centric digital products. With a challenging, exploratory and agile mindset and international teams of software, design and business experts, intive partners with market leaders in accelerating digital transformation and creating digital excitement in the products and services of tomorrow. intive’s solutions driven by enthusiasm, expertise and world-class innovation add value along the whole application lifecycle – from product conceptualization to its maintenance. The company’s operations include 13 development centers and 6 design studios in Germany, Ireland, Poland, Ukraine, Romania and Argentina, as well as regional offices in the UK and the USA. intive has won the trust of, and creates unprecedented customer satisfaction in some of the world’s largest companies such as Audi, BASF, BMW, Credit Suisse, Discovery, Esprit, Facebook, Google, ViacomCBS and Vorwerk.
Founded in 2014, SimTLiX is world-class technology company that provides AAA software engineering solutions. Known in the market as key problem solvers for their customers, they have become a first choice vendor in technology services. SimTLiX, from its very beginning in Cordoba, Argentina, has had a strong relationship with several local universities, underpinning the ethos that knowledge and education is a key pillar of the industry and of the Company. SimTLiX has more than 350 digital natives working across the FinTech, crypto, healthcare and telco market in USA and Latin America. Learn more at www.simtlix.com