Global IT consultancy Xebia has acquired SwissQ, an Agile consulting and training firm based in Switzerland. Financial terms of the deal were not disclosed.
This is technology M&A deal number 64 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021, and 2020 listed here.
Xebia Acquires SwissQ for AI, Cloud, DevOps Engineers
SwissQ, founded in 2006, is a consulting and training firm with offices in Zurich and Bern that specializes in agile, product and technical engineering and system testing. The company has approximately 120 employees with expertise in AI, cloud, DevOps and SRE services. More than 90% of its revenue is generated through consulting, according to SwissQ.
Xebia, founded in 2001, began as a small Java company and is now a full-service digital consultancy offering software development services, DevOps and SRE consulting, enhanced data and AI consulting and partnerships with Amazon Web Services, Microsoft Azure and Google Cloud, according to the statement.
Xebia has has more than 4,000 specialists working worldwide with offices in the United States, Europe, India, Vietnam, Singapore, United Arab Emirates and the UK, and clients include Disney, Levi’s, Ahold Delhaize, Tesco, Philips and ING Bank.
Xebia Acquires SwissQ: Executive Perspectives
Anand Sahay, CEO and co-founder of Xebia Global Services, said:
“Xebia has set the industry standard for providing true end-to-end capabilities for digital transformation. SwissQ has joined us to integrate its products from a global center of engineering talent base to Swiss customers. We are confident that this partnership will help SwissQ provide unique value propositions to meet your customers’ digital needs with innovative and cutting-edge solutions. This partnership also brings together greater hearts to share knowledge, innovate and create great new opportunities.”
Xebia’s M&A Activity
Xebia has been actively pursuing an M&A strategy, with five deals throughout 2021. In October, it acquired PGS Software in Poland, G-company in September and Oblivion in the Netherlands in July 2021 and Appcino and CoMakeIT in June 2021.