Valtech acquires Dubai-based digital-experience design specialist, Revonic
Global digital agency, Valtech, is acquiring Dubai-based digital-experience design specialist, Revonic from Metdist Limited, a family owned, private investment vehicle. The move is aimed at growing its Middle East and North Africa (MENA)’s business transformation programs with customer-centric approaches and confirms Valtech’s ambition to deliver transformative work and services to clients across the region.
This follows the recent announcement that Valtech will receive a new investment from funds advised by BC Partners. The transaction values Valtech at $1.4 billion and is subject to receipt of customary regulatory approvals. Today’s acquisition is the latest addition in a series of recent acquisitions for the company.
Valtech’s expansion comes at a pivotal time for the region which is seeing an appetite to digitalize and automate everything from citizen services to logistics, amid a rapid adoption of ecommerce. In line with this, enterprises are implementing frictionless customer experiences across multiple industries.
Olivier Padiou, Group Chief Executive Officer at Valtech, said, 'We are excited to welcome Revonic into the Valtech group and to be part of our expansion across MENA. We are not only welcoming an impressive set of new clients, but also an impressive and talented team that will help to strengthen and develop our international brand and increase our reach.”
“The acquisition of Revonic to the group shows Valtech’s continued commitment to creating real impact across the MENA region,” added Kareem Monem, Regional Managing Director for Valtech MENA. He added that the addition of both team and their clients will “further accelerate the region’s drive towards digital adoption”.
Valtech’s regional operations launched more than 18 months ago, and the company was soon in talks with Revonic, drawn to the similarities in its culture, focus on talent and dedication to client centricity. Revonic is a regional leader in the design of digital experiences at all points along the digital-transformation journey – from strategy and conceptualization to implementation and evaluation. The company works with its customers including Emirates Airlines and many others to combine function, brand, and business objectives and deliver experiences that make a lasting impact for end users.