Munich and Buenos Aires, May 30th, 2017 - intive, a global Digital Product Development company with its roots in Europe, is investing in FDV Solutions, an Argentine software development company, to strengthen and expand its business in the American markets by adding more customers and expanding its structure. intive acquired 51 percent of the stakes in FDV Solutions from its founding partners. FDV Solutions will continue to operate the company locally, while at the same time it will jointly lead the development of projects in the North American market with its partner.
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intive and FDV Solutions join forces to boost business in the US
intive takes a stake in FDV Solutions to strengthen its business in the American, especially the US market. Clients will benefit from an even more flexible delivery set-up.
We want to grow our business in the US market and investing in FDV Solutions is a great way to achieve this. FDV Solutions already has a talented team of professionals, a good portfolio of clients in the US and is in the time zone of our US clients. We have already cooperated with FDV Solutions in the past and
sensed common values and ways of working, so I am looking very much forward to working together even closer.
"What it is all about is to take advantage of mutual technical, business and management knowledge to boost results,” explained Andrés Vior, CEO of FDV Solutions. And he added: "In intive, we have found an excellent partner that will bring international presence to scale business opportunities and the current offer of products and services.”
With this agreement, the FDV Solutions operation is expected to grow by more than 30 percent in terms of revenue and profit and 35 percent in staff, reaching 150 employees in 2017 (today they are more than 120 professionals). Moreover, the brands will be presented together to enhance the positioning of both companies. From now on, FDV Solutions will be called intive FDV.
With more than 1,300 highly qualified specialists, intive co-creates software solutions that accelerate the digital transformation of its customers, adding value throughout the application lifecycle, from design to maintenance. The company comprises 12 development centers in Germany and Poland, as well as regional offices in the US, the UK and France. Among its clients are Audi, BMW, Credit Suisse, Deloitte, ING, Microsoft, Orange, Viacom, Vodafone, Volkswagen and Zalando.
About FDV Solutions
FDV Solutions is an Argentine company that specializes in custom software development for different segments and types of companies with a clear objective: to help its clients to strengthen their relationships with their own customers and prospects through technology. It is among the 30 largest software companies in Argentina (CESSI), has a team of more than 100 highly trained professionals, with offices in Buenos Aires, New York and San Francisco (US) and was recognized as a Rockstar Company in The Sadosky 2016 Awards.