Brazilian digital transformation firm Compass UOL, which is backed by holding firm Digital Companies, has acquired Avenue Code for an undisclosed sum.
That is expertise M&A deal quantity 955 that ChannelE2E has lined up to now in 2022. See greater than 2,000 expertise M&A offers involving MSPs, MSSPs & IT service suppliers listed right here.
Compass UOL Acquires Avenue Code
Compass UOL, based in 1996, relies in São Paulo, Brazil. The corporate has 3,042 staff listed on LinkedIn. Compass UOL’s areas of experience embrace outsourcing, integration, implementation, consulting, e-commerce, cloud, DevOps, agile improvement, atmosphere administration and automatic testing.
Avenue Code, based in 2008, relies in San Francisco, California. The corporate has 883 staff listed on LinkedIn. Avenue Code’s areas of experience embrace technique and consulting, enterprise agile teaching and transformation, net interface improvement, microservices, DevOps, native apps, machine studying and information science, platform implementations, enterprise integrations, cost methods, utility administration companies and design.
Avenue Code has further workplaces round the US, Canada, Europe and Brazil. By becoming a member of the Compass UOL group, Avenue Code crew members can now change into international executives, the corporate mentioned.
That is Compass UOL’s sixth acquisition and is a part of the corporate’s total technique to broaden its providing to its international buyer base, in response to the corporate.
Compass UOL Acquires Avenue Code: Government Perception
Alexis Rockenbach, CEO, Compass UOL, commented:
“Avenue Code joins forces with Compass UOL to ship digital transformation options in a market that’s quickly evolving with the appearance of recent traits such because the metaverse, blockchain, and tech-augmented actuality. Collectively, we’re positioned to uplevel the worldwide companies business and we’re dedicated to accelerating the expansion and the enlargement of Avenue Code’s enterprise imaginative and prescient and to additional spend money on their nice digital expertise and management, that are essentially the most related property on this deal.”
Zeo Solomon, CSO, Avenue Code, mentioned:
“Compass UOL’s tradition and imaginative and prescient is in full concord with our aspiration for the Avenue Code’s journey. Moreover, Compass UOL professes an formidable international development plan, which we now are extraordinarily completely happy to be part of —the alignment of values and the imaginative and prescient for constructing the following technology of world expertise companies had been pivotal in closing the take care of Compass UOL.”
Gil Torquato, CEO, Digital Companies, added:
“This acquisition is a crucial milestone that places us in a strategic place within the digital transformation market, taking part in head-to-head with international rivals. We’re genuinely excited and assured about an ever extra promising future for our enterprise.”