22 March 2022
Endava expands into Mexico
Endava (NYSE: DAVA), the British next-gen technology services provider, announces its business expansion into Mexico with a new IT excellence and technical centre in Monterrey, well-equipped with certifications and partnerships in key cloud platforms and leading emerging technologies.
Endava, with a market capitalisation of 7billion USD as of March 18, 2022, will serve the Mexican, greater LATAM, and North American industry and enterprise markets with agile and modern IT and business consultancy services.
The demand for Endava's IT services in Mexico is driven by prolonged waves of technology-enabled changes like banking transformation, cybersecurity risks, frictionless payments, data insights, the transition to the cloud, and e-commerce, all areas where Endava adds value for customers.
"With an extensive market for IT demands and high-quality internet infrastructure, Mexico is playing a key role in the digital evolution in LATAM,
" said Justin Marcucci, Chief Digital Officer, Endava
. "Our strategy is to be close to our customers, so the geographical capabilities are very relevant to client support in Mexico. At the same time, we aim to provide 'near shore' capabilities from Mexico to support our rapid growth in the US and across LATAM. We view Monterrey as a key innovation and transformation hub for the Americas.
Strong Growth in the Americas
As part of Endava's strategy for growth – particularly in North America, in April 2021, Endava acquired Levvel, an award-winning U.S. technology strategy, consulting, and engineering firm focused on helping companies create great technology through human-centred problem-solving with extensive industry expertise, especially in digital banking, payments, and financial services. That expertise led to the Endava investment in Mexico. Endava is successfully growing its business globally, particularly in North America.
"Our operations in Mexico resulted from the signing of a multiyear agreement to launch a digital technology centre of excellence in Monterrey for an Endava client, one of the world's leading banks with an initial focus on trading and end-user experience,
" said Nelson Longa, Endava's Delivery Unit Manager in Monterrey
. "Over the next two years, Endava will be building the remit and size of this team as part of a strategic commitment by the client and Endava to build a long-term partnership and expertise in this area. This centre in Monterrey will further enable Endava to support the growth of the company's business in Mexico and across North America and LATAM.
Growth as an Employer of Choice
Endava's global growth has been underpinned by its leadership, commitment, and ambition to be an employer of choice in each of its markets. The company prides itself on having a low attrition level of 12.5 per cent globally and hiring and retaining personnel even in the face of strong headwinds of retention and high turnover at many companies. This helps the company find great talent and is appreciated by customers for the retention of skills and knowledge to drive long-term project success.
"People are the most important aspect we consider when choosing a new country for Endava to enter, including the technical skillset of those people, and the cultural match between them and our clients is key,
" said David Churchill, Chief People Officer for Endava globally
. "In Mexico and across LATAM, we see a strong tech community and a large population of technology professionals. Endava's investments in recruiting talent to join our growing team reflect our enthusiasm in how such talent can help us drive our customers' success by growing our presence.
Endava supports over 10,000 employees globally, has a presence in 23 countries with 13 languages, and has a cross-functional team of different specialisations and seniority. In addition to the new centre in Monterrey, Endava has near-shore Latin American delivery capabilities in Argentina, Columbia, Uruguay, and Venezuela and currently employs more than 1,600 employees in LATAM.
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 has clients in Payments and Financial Services, TMT, Consumer Products, Retail, Mobility, and Healthcare. As of December 31, 2021, 10,391 Endavans served clients from locations in Australia, North America, Singapore, and Western Europe and delivery centres in Bosnia & Herzegovina, Bulgaria, Croatia, Moldova, Poland, North Macedonia, Romania, Serbia, Slovenia, Argentina, Colombia, Mexico, Uruguay, and Venezuela.