The logo of Endava and Lexicon
Source: Endava, Lexicon
Oct.11.2022, Auckland ------ Software development company Endava (NYSE "DAVA") announced today the acquisition of Lexicon Digital Pty Ltd and Lexicon Consolidated Holdings Pty Ltd, headquartered in Melbourne, Australia (“Lexicon”). Lexicon is an Australian-based technology consulting, design and engineering firm who partners with clients to build new digital solutions or accelerate digital transformation programs across enterprise systems, products and IoT using an agile delivery methodology.
Oct.11.2022, Auckland ------ Software development company Endava (NYSE "DAVA") announced today the acquisition of Lexicon Digital Pty Ltd and Lexicon Consolidated Holdings Pty Ltd, headquartered in Melbourne, Australia (“Lexicon”). Lexicon is an Australian-based technology consulting, design and engineering firm who partners with clients to build new digital solutions or accelerate digital transformation programs across enterprise systems, products and IoT using an agile delivery methodology.
An image from Lexicon
Lexicon’s clients include Australia’s market leaders in the insurance and wealth management sectors and an array of companies in other sectors, including entertainment, retail, agribusiness and automotive. In the year ending 30 June 2022, 94% of Lexicon’s revenue was from Australian clients and 6% from the USA, with close to 90% of revenue from large corporates.
Currently, Lexicon has 127 billable staff in Australia (with offices in Melbourne and Sydney) and Vietnam (Ho Chi Minh).
Currently, Lexicon has 127 billable staff in Australia (with offices in Melbourne and Sydney) and Vietnam (Ho Chi Minh).
A page from Endava's Presentation Q4 Fiscal Year 2022
The acquisition of Lexicon enhances Endava’s existing presence in Australia and provides a strong foundation for accelerated in-market growth. In addition, Lexicon provides Endava with a nearshore delivery location in Vietnam which complements our existing operations in Singapore and Malaysia.
John Cotterell, CEO, Endava
John Cotterell, Endava’s CEO, commented “We see Lexicon as a high-performing business providing high-quality services in an attractive market with good clients, bringing a strong talent base across delivery, support and leadership. We are excited about our cultural alignment and therefore what we can achieve together.”
Chris Carydias, Founder and Managing Director, Lexicon
Chris Carydias, Founder and Managing Director of Lexicon, said “High on our criteria for a merger partner were a strong alignment on capability, strategy and culture. With Endava we have found that. We are very excited about the opportunities ahead for our people and our clients.”
An image from Endava
About Endava
Endava is reimagining the relationship between people and technology. By leveraging next-generation technologies, our agile, multi-disciplinary teams provide a combination of product & technology strategies, intelligent experiences, and world class engineering to help clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions.
Endava services clients in Payments and Financial Services, TMT, Consumer Products, Retail, Mobility and Healthcare. As of June 30, 2022, 11,853 Endavans served clients from locations 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 and Uruguay.
https://www.endava.com/
Endava is reimagining the relationship between people and technology. By leveraging next-generation technologies, our agile, multi-disciplinary teams provide a combination of product & technology strategies, intelligent experiences, and world class engineering to help clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions.
Endava services clients in Payments and Financial Services, TMT, Consumer Products, Retail, Mobility and Healthcare. As of June 30, 2022, 11,853 Endavans served clients from locations 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 and Uruguay.
https://www.endava.com/
An image from Lexicon
About Lexicon
Lexicon was founded in 2016 by Chris Carydias. Lexicon partners with established corporate clients and scale-ups to build new digital products and accelerate large-scale transformation. Lexicon’s cultural values include truth, courage & respect. Lexicon’s strong software delivery pedigree, a pragmatic approach to problem-solving and a sustainable approach to commercial conduct and social responsibility has enabled them to win many awards; including Deloitte’s Technology Fast 50 in 2020, CRN Fast 50 2020 & 2021, LinkedIn Top Startups 2021, Statista fast growth 2022 and Great Place to Work 2022-23.
https://www.lexicon.com.au/
Lexicon was founded in 2016 by Chris Carydias. Lexicon partners with established corporate clients and scale-ups to build new digital products and accelerate large-scale transformation. Lexicon’s cultural values include truth, courage & respect. Lexicon’s strong software delivery pedigree, a pragmatic approach to problem-solving and a sustainable approach to commercial conduct and social responsibility has enabled them to win many awards; including Deloitte’s Technology Fast 50 in 2020, CRN Fast 50 2020 & 2021, LinkedIn Top Startups 2021, Statista fast growth 2022 and Great Place to Work 2022-23.
https://www.lexicon.com.au/
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