Mudbath’s merger with Endava marks strategic expansion in APAC
NEWCASTLE, AUSTRALIA — Technology solutions provider, Mudbath, announced a strategic merger with globally recognized technology firm, Endava, enhancing its global reach while reinforcing its tech capabilities.
Headquartered in London, Endava is listed on the New York Stock Exchange.
This merger marks an important phase in Mudbath’s growth journey and aligns with Endava’s ongoing expansion strategy in the Australian market, following its entry in 2021 and a merger with Lexicon in 2022.
Mudbath’s teams, located in Newcastle, Sydney, and Melbourne, will bolster Endava’s expanding nearshore capability in Malaysia and Vietnam.
“Mudbath brings a new and exciting client base, a very talented team and strengthens our leadership bandwidth in Australia. Together, we see exciting potential to do more for existing and new clients, whilst creating attractive opportunities for our people,” said Endava CEO John Cotterell.
Mudbath will operate under the name ‘Mudbath, an Endava company’ during the nine-month merger process.
The benefits of the merger are extensive, including strengthening Mudbath’s team with a global tech leader and accelerating strategic goals, supporting Endava in establishing an APAC presence, enriching Endava’s UX/UI capabilities, and broadening client relationships under the Endava brand.
“Endava’s wealth of experience, expertise and steadfast commitment to being a technology partner presents a significant opportunity for our region, and we are thrilled to be joining the Endava family. This merger will enhance the scope and scale of services we can deliver to our clients,” said Mudbath Founder and CEO Josh Doolan.
Endava services clients in Asia-Pacific, Middle East, North America and Western Europe and delivery locations in Argentina, Bosnia & Herzegovina, Bulgaria, Colombia, Croatia, Malaysia, Mexico, Moldova, North Macedonia, Poland, Romania, Serbia, Slovenia, Uruguay and Vietnam.
In February this year, Endava announced it is expecting that revenues for the full fiscal year 2023 will be in the range of £812.0 million to £817.0 million, representing constant currency growth of between 19.0% and 20.0%.
The projections are based on the exchange rates as of the end of January 2023, with 1 British Pound equaling 1.23 U.S Dollar and 1.14 Euro.
