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Endava Acquires Financial Services Firm Levvel For Undisclosed Sum

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Endava Acquires Financial Services Firm Levvel For Undisclosed Sum
  • Software development company Endava PLC (NYSE: DAVAacquired 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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