VISIT THHEALTHCARE.COM - The Healthcare & Life Sciences division of Technology Holdings

Technology Holding advises German Digital Transformation specialist, Exozet, on its strategic sale to Endava

Dec 2019
Has been acquired by

Digital Transformation

View Transaction Details
Technology Holding advises German Digital Transformation specialist, Exozet, on its strategic sale to Endava
Seller Exozet
Buyer Endava
Focus Sector Digital Transformation
Date December 2019

Technology Holdings is pleased to announce that it has acted as the exclusive advisor to Exozet GmbH on its strategic sale to Endava plc.

quote Technology Holdings has been an instrumental partner throughout the process and their global reach, sector expertise and dedicated team delivered multiple offers and an exceptional outcome for us. We were delighted with the guidance and support TH provided in helping us choose Endava as our preferred partner. We think this acquisition will be great for our clients and our people, and we are excited about the opportunities this creates in Germany and beyond to accelerate our growth, enhance our capabilities and extend our services. From start to finish, we have been extremely impressed with TH’s diligent, professional and structured approach, they provided invaluable advice and managed the process seamlessly, we could not have done this without them, and we couldn’t recommend them highly enough!
Frank Zahn Founder and CEO, Exozet GmbH

Founded in 1996 in Berlin, Germany, Exozet is an award-winning full-service digital agency with a focus on delivering a combination of innovation, creative and deep technical expertise to drive digital transformation.

Exozet is well recognized in Europe for its market-leading digital transformation capabilities from digital consulting to brand strategy to service design to agile development. The acquisition by Endava, a leading next-generation technology services provider, expands its DACH footprint and adds a client list that includes well-known German multinationals: Audi, Deutsche Telekom, Siemens and Europa Park, as well as experience in the media sector working with the likes of ZDF, BBC, and Media Broadcast.

Frank Zahn, CEO and founder of Exozet commented “We are delighted to be joining Endava. We think this acquisition will be great for our clients and our people, and we are excited about the opportunities this creates in Germany and beyond to accelerate our growth, enhance our capabilities and extend our services. Technology Holdings has been an instrumental partner throughout the process and their global reach, sector expertise and dedicated team delivered multiple offers and an exceptional outcome for us.”

The transaction is a further testament to Technology Holdings’ expertise in advising digital transformation specialists, with the sale of Exozet being our 12th transaction in the digital transformation space.

quote "The strategic sale of Exozet represented a majority stake exit for German Startups Group. As a leading German listed venture capital provider in Germany, we were able to achieve significantly higher capital gains on the transaction than expected. Technology Holdings ran a thorough and structured sale process, delivering 9 offers, and securing a premium offer from Endava. We were tremendously impressed with the diligence and professionalism of the whole team at Technology Holdings and we would highly recommend them to any company or private equity fund looking for an exit for its portfolio companies! On top of the pure financial success it was also a pleasure working with the TH."
Christoph Gerlinger Founder and CEO, German Startups Group GmbH
Group 9
Transactions
Group 9
Jun 2024
Will be acquired by

Digital Engineering

View Transaction Details
Technology Holdings advises Chamonix IT, a leading Digital Engineering company, on its strategic sale to Synechron
Jun 2024
Will be acquired by

AI and Data Science

View Transaction Details
Technology Holdings advises Exposé, a leading AI and Data Science company, on its strategic sale to Synechron
Apr 2024
Has been acquired by

Digital Design & Innovation Consulting

View Transaction Details
Technology Holdings advises Magnetic, a full service design and innovation specialist, on its strategic sale to Newton
Apr 2024
Has been acquired by

Financial Services Management Consulting

View Transaction Details
Technology Holdings advises Axis Corporate, a leading financial services management consultancy, on its strategic sale to Accenture
Mar 2024
Has been acquired by

Marketing Automation

View Transaction Details
Technology Holdings advises The Lumery, a leading MarTech consultancy, on its strategic sale to Accenture
Feb 2024
Majority acquired by

Insurance Technology Services & IP

$66 Million
View Transaction Details
Technology Holdings advises InsurTech specialist Aggne, on the acquisition of a majority stake by Wipro for $66 Million
Dec 2023
Has been acquired by

Salesforce Consulting & IP

View Transaction Details
Technology Holdings advises ForeFront, a Salesforce Summit Partner, on its strategic sale to NEORIS
Nov 2023
Has been acquired by

ServiceNow Consulting & Managed Services

View Transaction Details
Technology Holdings advises ServiceNow Elite Partner Unifii on its strategic sale to Bain Capital backed Inetum
Nov 2023
Has been acquired by

Management Consulting & Digital Transformation

View Transaction Details
Technology Holdings advises Management Consulting led Digital Transformation Specialist, WINNING Consulting on its strategic sale to Alan Allman Associates
Nov 2023
Has been acquired by

Digital Transformation Agency

View Transaction Details
Technology Holdings advises Digital Transformation Agency, Cyber-Duck on its strategic sale to CACI
Oct 2023
Private Equity Buyout

B2B Marketing Services & Marketing Automation

View Transaction Details
Technology Holdings advises B2B Marketing & Marketing Automation Specialist, Quarry on its sale to private equity fund, RTC Partners
Aug 2023
Has been acquired by

Fintech Software Engineering

View Transaction Details
Technology Holdings advises Woodridge Software, a Fintech Software Development Company, on its sale to RCG Global Services