Software Engineering M&A: Exadel Acquires Codete

Software program engineering and consulting firm Exadel, backed by non-public fairness agency Sun Capital Partners, has acquired software program growth and consulting companies firm Codete for an undisclosed sum.

That is know-how M&A deal quantity 963 that ChannelE2E has lined to this point in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

Exadel Acquires Codete

Exadel, based in 1998, is predicated in Harmony, California. The corporate has 1,530 staff listed on LinkedIn. Exadel’s areas of experience embody integration of middleware, SOA, open supply, cell growth instruments, software program growth, enterprise companies, DevOps, prolonged & devoted groups, massive information & analytics, QA automation & testing, IoT, utility help, UX/UI, product growth, enterprise cell growth, PaaS, SaaS, healthcare tech options, and monetary companies tech options.

Codete, based in 2010, is predicated in Kraków, Poland. The corporate has 264 staff listed on LinkedIn. Codete’s areas of experience embody net growth, cell growth, enterprise utility, software program growth, massive information, machine studying, AI, information science, IoT, consulting and R&D.

The addition of Codete’s eCommerce, UX, massive information, and cloud capabilities will complement Exadel’s current MarTech and engineering practices, based on the corporate.

Exadel Acquires Codete: Elevated European Presence

Fima Katz, chairman of the board, Exadel

Fima Katz, Chairman of the Board, Exadel, commented:

“We’re very enthusiastic about Codete’s presence within the EU market. Exadel at all times had sturdy engineering capabilities in Europe, and Codete’s portfolio of European logos positions us to supply excellent growth for the largest names in Europe. All present relationships will stay in place, as continuity with the Codete management staff is a large precedence. We’re certain this acquisition will open up new alternatives to develop into an much more integral a part of our consumer’s success.”

Artur Olechowski, managing director, Codete, mentioned:

“Becoming a member of Exadel represents the subsequent degree of development for our staff and our firm as a complete. Now we have loads to supply Exadel when it comes to our European imaginative and prescient for growth, and we’re trying ahead to benefiting from Exadel’s bigger engineering and HR practices.”

Elizabeth De Saint-Aignan, managing director, Solar Capital, added:

“Our technique of making a distinguished engineering base in Poland is enormously superior with the acquisition of Codete. Codete brings the right mix of engineering excellence, overlapping company tradition, and regional presence that we're assured will make an enduring constructive affect on Exadel.”

Exadel Non-public Fairness Backing

Exadel isn't any stranger to M&A exercise having acquired Seattle-based technology consultancy Coppei in October 2021. Along with its workplaces in Harmony, Exadel has places in Europe, North America, and Asia. Solar Capital Companions, a non-public fairness agency, has owned Exadel since March 2021.

The non-public fairness agency, energetic since 1995, has invested in additional than 425 firms worldwide with revenues in extra of $50 billion. Solar Capital usually invests within the enterprise companies, client, healthcare, industrial and know-how sectors. The agency has workplaces in Boca Raton, Florida, Los Angeles and New York and an affiliate with workplaces in London, the UK.



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