Endava Announces Third Quarter Fiscal Year 2021 Results
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Endava plc: Endava Announces Third Quarter Fiscal Year 2021 Results
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Endava announces the acquisition of FIVE digital agency
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Endava acquiring Croatian digital agency Pet Minuta, US arm
Mar 05, 2021 11:22 EEST
ZAGREB (Croatia), March 5 (SeeNews) - UK-based IT solutions provider Endava said it is acquiring Croatian mobile design and development agency Pet Minuta and its US-based subsidiary, Five Minutes Studio Inc.
The transaction is expected to increase Endava s earnings starting the first year after completion, the UK company said in a statement on Thursday.
The value of the deal was not disclosed by the parties, but Croatian daily Jutarnji reported the transaction is worth $40 million (33.5 million euro).
Pet Minuta, employing 157 people in the US and Croatia, provides a range of services, such as product strategy and marketing, as well as design and development of digital experiences. Some of its clients include Rosetta Stone, Bullhorn Inc. and Napster.