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

Technology Holdings advises DEK Technologies, a Software Engineering and Embedded Systems Specialist, on its strategic sale to Endava

Jun 2023
Has been acquired by

Software Engineering, Telco & Embedded Systems

View Transaction Details
Technology Holdings advises DEK Technologies, a Software Engineering and Embedded Systems Specialist, on its strategic sale to Endava
Seller DEK Technologies
Buyer Endava
Focus Sector Software Engineering, Telco & Embedded Systems
Date June 2023

Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to DEK Technologies, a software engineering and embedded systems specialist headquartered in Melbourne, Australia on its strategic sale to Endava.

quote Technology Holdings was an outstanding adviser to us throughout the sale process - their attention to detail and thorough approach was critical in ensuring the deal could get done. Their advice, support and assistance throughout the process was invaluable and the TH team managed and guided us through the complex deal negotiations exceptionally well. They have incredible deal experience within the technology, digital and software engineering space and remained dedicated and supportive throughout the entire journey. Thanks to TH for helping us achieve an incredible outcome!
Drini Mulla CEO, DEK Technologies

Founded in 1999 by Drini Mulla, Eddie Yim and Kerim Tanovic, DEK Technologies specialises in software and hardware engineering, and embedded systems. DEK provides cutting edge software and hardware solutions across a diverse range of sectors, with a team of ~700 people located in offices across Australia, Sweden and Vietnam. The team has extensive experience in a range of applications, including embedded software, real-time solutions, hardware design, telecoms and data communications and can provide product development services, from initial design concept through to implementation, verification, delivery and field support.

With the acquisition of DEK, Endava will enhance its Asia Pacific (APAC) reach, its presence and customer base in Sweden and a strong telecommunications vertical capability. DEK’s delivery capacities in Vietnam will also serve as a “major delivery” location in the Asia-Pacific. “DEK brings with it great talent, with particular expertise in the globally innovative domains of telecoms and embedded tech,” said John Cotterell, Endava’s CEO. “We’re excited by the opportunity to cross-sell our capabilities to each other’s clients.”

Drini Mulla, Founder and CEO of DEK Technologies said “Since our first contact with Endava, we have been impressed by their culture, quality and energy and we wanted to bring our businesses together. We are delighted to do so now. This is a positive move, as we now gain access to a broader array of skillsets, not to mention our people and businesses with the now accelerated growth potential.”

Vivek Subramanyam, Founder and CEO of Technology Holdings said, “It has been a great pleasure working with DEK Technologies – their capabilities and team are exceptional and we are thrilled to have delivered the perfect strategic partnership with Endava. This is our 7th engineering services transaction and further demonstrates our deep expertise and leadership in the space.”

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