MUNICH, Jan. 24, 2022 /PRNewswire/ -- Nagarro, a global
leader in digital engineering, has reached an agreement with the
shareholders of RipeConcepts, a leader in global digital creative
services, to bring the companies together.
Headquartered in Salt Lake
City, USA, with the
majority of its employees in Cebu, Philippines, RipeConcepts positions itself as
'digital lightning in a bottle' and delivers high quality,
multi-channel creative content at scale. The company especially
excels in the creative digital disciplines of design, illustration,
3D modelling, animation and marketing. Its clients include Fortune
500 companies as well as Silicon Valley unicorns. It has over 650
full-time employees and 2021 revenues in the region of 10 million Euro. The company has won several
design awards.
For Nagarro, the transaction strengthens its design and creative
capabilities. These enhanced capabilities could be deployed to
improve existing offerings and also to develop new offerings
related to a vision of a 'metaverse' future. In addition, the
transaction provides Nagarro access to the highly educated
workforce in the Philippines.
Paul Lyon, founder/CEO at
RipeConcepts, and an award-winning entrepreneur,
states, "We at RipeConcepts consider ourselves a unique boutique
and, like Nagarro, love to solve problems for our Fortune 500 and
unicorn clients. After 30 years of successful entrepreneurship and
multiple M&A processes, I can say that it's rare to meet a more
'authentic' group of forward-thinking global entrepreneurs than the
folks at Nagarro, especially given their corporate design and
culture to match. We couldn't be more thrilled to be partnering
with a like-minded team of savvy world-class digital engineers. I
am excited about our future together."
Manas Fuloria, co-founder at Nagarro, states,
"Some things are meant to happen. We were lucky to be introduced to
RipeConcepts and Paul by a valued client some years ago, and we
stayed in touch. Paul's entrepreneurial vision and energy coupled
with the execution ability of his colleagues, especially that of
President and COO Miles Nepomuceno,
have resulted in a truly impressive business. This is a deliberate,
strategic acquisition for Nagarro given the direction in which
consumer technology is heading. We believe that by putting together
our traditional capabilities with those of our friends at
RipeConcepts, we will be able to conjure up exciting new
possibilities for our clients around the world."
About Nagarro:
Nagarro, a global digital engineering leader, helps clients
become innovative, digital-first companies and thus win in their
markets. The company is distinguished by its entrepreneurial,
agile, and global character, its CARING mindset, and its approach
of thinking breakthroughs. Nagarro employs over 12,000 people in 27
countries.
For more information, visit www.nagarro.com
FRA: NA9 (SDAX/TECDAX, ISIN DE000A3H2200, WKN
A3H220)
About RipeConcepts:
RipeConcepts is a fast-growing company recognized for
world-class services in graphic design, 3D modelling, animation,
web development, digital marketing, and more. Their clients
range from Fortune 500 companies, award-winning agencies, tech
firms, retail shops, to small and medium businesses around the
world. The company in based out of Salt
Lake City, US and has established state-of-the-art creative
hubs in the central business districts of Cebu City, Philippines with over 650 employees.
For more information, visit: www.ripeconcepts.com
For media queries, reach out to press@nagarro.com
Photo:
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