Endava Acquires Financial Services Firm Levvel For Undisclosed Sum

April 1, 2021 10:13 AM | 29 seconds read | Make a Comment

Software development company Endava PLC DAVA acquired technology strategy, consulting, and engineering firm Levvel LLC.
The financial terms of the transaction were not disclosed.
Levvel’s strong focus in the Payments and Financial Services, Logistics/Mobility and TMT segments, and combining forces will fast-track Endava’s U.S. expansion while consolidating its client exposure in the core market sectors.
Endava held cash and cash equivalents of £84.2 million as of Dec. 31, 2020.
Price action: DAVA shares are trading higher by 0.79% at $85.35 on the last check Thursday.

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