Avendus Capital Advises Mid Europa on Its Acquisition of Intive

We are excited to be teaming up with intive's management team and have been particularly impressed by the Company's highly-skilled workforce and their ability to develop best-in-class software and digital applications for leading companies worldwide. Combined with a strong reputation and a unique geographical delivery footprint, intive is well-positioned to continue benefiting from the accelerating digital transformation trend driving the demand for software engineering and design services.

We like to invest in companies able to leverage their CEE heritage, competitive advantages and talent when expanding internationally. Mid Europa will support intive's creative and ambitious team in building a truly global player in next-generation technology.

Mid Europa has a long and successful track record of supporting high growth companies and driving industry consolidation. On behalf of the Company, I am pleased to welcome them as a strong partner for the next phase of intive's development, leveraging Mid Europa's international network to drive our expansion on a pan-European and global level.

The Software engineering industry has been experiencing explosive growth driven by the rapid pace of digital transformation and accelerating demand for design services. Under the stewardship of a world-class management team, intive has developed a successful nearshore-onshore delivery model, with a high-quality team of software engineers and a strong customer focus. Mid Europa’s resources, global network and its experience in driving inorganic expansion coupled with intive’s strong organic growth profile will accelerate intive’s transformation into a truly global player.