Saggezza has been acquired by Silicon Valley-based digital engineering company, Infostretch.
It’s part of the Goldman Sachs’ backed company’s plans to expand its UK footprint.
“Saggezza’s deep expertise in software design and implementation is a perfect complement to our digital engineering and data analytics capabilities,” explained Rutesh Shah, Infostretch CEO.
“With the addition of their CRM capabilities, we see an opportunity to quickly grow our footprint in our existing client base and leverage those expanded capabilities to win new business. This combination is a positive development for the clients of both companies, which include several Fortune 500 clients.”
The deal is Infostretch’s first acquisition since the firm’s private equity investment from Goldman Sachs Merchant Banking and Everstone Group in August 2020.
Global technology consultancy Saggezza has its UK base in Sunderland and it recently launched its Salesforce consulting and implementation practice from the North East.
As a result of this and the acquisition it plans to expand its headcount over the next 12 months, with the creation of a further 40 roles.
“Competing and winning in the future will depend increasingly on an organisation’s ability to seamlessly blend human and digital assets into their customer engagement and business operations,” added Saggezza CEO Arvind Kapur.
“By joining forces with Infostretch, we can expand upon our suite of transformative, advisory and execution services to keep our current and prospective clients at the forefront of the digital frontier.”
Saggezza will become a wholly owned subsidiary of Infostretch with executives joining the Infostretch leadership team.
