Intellias to strengthen its financial services
offering and UK capabilities
LONDON, Aug. 5, 2024
/PRNewswire/ -- Intellias has announced the acquisition of
NorthLink Digital, a UK-based IT consultancy specializing in
financial services and insurance (FS&I). The latest in a series
of strategic acquisitions, this deal will enable the global
software engineering company to expand its offering in FS&I in
EMEA and beyond.
Founded in 2016, NorthLink Digital focuses on IT consulting,
full stack development and digital design. The company has deep
expertise in financial services and insurance, with a client roster
that includes FinTech companies, hedge funds, and international
banks. In addition to FS&I, NorthLink also serves customers in
eCommerce, transportation and logistics industries from its
London and Tees Valley
offices.
"Banks around the globe are under significant pressure to
continuously improve the customer experience while relying on
technology that is compliant with regulatory requirements.
NorthLink Digital brings their expertise in digital transformation,
web and mobile development, and visual and UX design that is
relevant for all of our financial services clients, in Europe, North
America, and Middle East,
as well as expertise in technological MiFID II compliance
particularly important to our European clients."
- Vitaly Sedler, co-founder and
CEO of Intellias
Intellias will support NorthLink Digital's offerings and expand
the company's reach, while NorthLink will leverage Intellias's
global network and both companies will collaborate for the benefit
of clients in the FS&I sector. The acquired company will be
incorporated into Intellias's structure with Graham Orrell becoming VP of Financial Services
& Insurance Business, UK. Graham, who has 25 years of financial
services technology experience, brings strong relationships having
held senior roles at Barclays, Merrill Lynch and Credit Suisse, as
well as consulting roles at UBS and HSBC.
"The digital transformation of the financial services
industry is a large-scale, intricate process that demands extensive
domain knowledge, a scalable workforce, and robust technological
expertise. By joining Intellias, we are now able to provide our
clients with not only the experience necessary to comprehend and
address their challenges but also a vast global execution
capability, encompassing both engineering capacity and regional
expertise"
- Graham Orrell, CEO and founder of NorthLink Digital
An active player in the FS&I market, Intellias has been
representing companies in the industry for more than 20 years, with
a focus on banking, payments, capital markets, insurance and
lending. In addition to niche software development companies in the
sector, its current clients include the Swissquote banking group,
payments app NabyPay, Resolute Asset Management and the financing
platform FinCompare, as well as 360T, an FX trading solutions
marketplace, and CRX Markets, a marketplace for working capital
financing.
"M&A strategy is one of the cornerstones of our long-term
vision for corporate growth. It is designed to integrate
specialized companies such as NorthLink Digital, ensuring we are
positioned at the forefront of our focus industries and can offer
competitive solutions on the market. This acquisition brings
valuable local expertise that will help us better serve our clients
in the UK and globally."
- Michael Puzrakov, Executive Chairman & co-founder of
Intellias
This is the second acquisition Intellias undertook in 2024. In
April, the company bought C2 Solutions, a US-based digital health
and medical devices company. It is also the second acquisition in
the UK: in September 2022, Intellias
acquired Digitally Inspired, a UK-based provider of product
engineering in retail and eCommerce.
About Intellias
Intellias is a global software engineering and digital
consulting company and a trusted technology partner to top-tier
organizations that helps them accelerate their pace of sustainable
digitalization. We empower businesses operating in North America, Europe, Middle
East, and Asia to embrace
innovation at scale. For more than 20 years, Intellias has been
building mission-critical projects and delivering measurable
outcomes to ensure lasting change for our clients. We are
contributing to the success of the world's leading brands that
include HERE Technologies, Rand
McNally, TomTom, HelloFresh, and Travis Perkins.
About NorthLink Digital
NorthLink Digital is a UK-based IT consultancy offering
full-stack web and app development, digital design and
cybersecurity consulting from its offices in London and Tees Valley. The company delivers
software development solutions to the world's leading financial
institutions and payment providers.
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