Announced
Completed
Financials
Sources
Tags
Private
Completed
Single Bidder
software developer
Cross Border
digital services
Friendly
Majority
Software
United Kingdom
Acquisition
Synopsis
DataArt, a global software engineering firm, completed the acquisition of Lola Tech, a software development agency. Financial terms were not disclosed. “We have witnessed strong interest in this region from our clients and, together with the Lola Tech team, we will continue to add value and offer customers a premier level of service. The acquisition will drive continued progress in building a more agile, diverse, and global organization. We look forward to serving Lola Tech’s impressive client base, strengthening these relationships, and bringing to bear the full power of our combined capabilities. Romania has a vibrant tech sector and a wealth of exceptional talent. We’re confident that our decision to expand into the country is a significant step forward in our global business,” Eugene Goland, DataArt CEO.
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