Canaccord Genuity is pleased to announce it has advised technology strategy, consulting, and engineering firm Levvel LLC, which focuses on helping companies create sophisticated technology through human-centered problem-solving, on its sale to London-based Endava (DAVA:NYSE).
Levvel is an award-winning, U.S.-based firm that brings the full suite of business domain knowledge, design prowess, and technical expertise to create success for clients across the entire project lifecycle. The firm’s comprehensive digital transformation capabilities include agile transformation, cloud and container automation, design ops strategy, design systems and component libraries, dev ops and automation planning, enterprise architecture, full stack development, SDLC, UX/UI design, and quality assurance testing, among other capabilities. The company has 172 operational employees equipped with certifications and partnerships with key cloud platforms and leading and emerging technologies, including AWS, Azure, Google, Hashicorp, IBM, and Red Hat, as well as with leading and emerging financial service providers, including Early Warning (Zelle), The Clearing House, Finxact, Plaid, Marqeta, Savana, DWOLLA, and Apiture, among many others.
Levvel is headquartered in Charlotte, N.C. with additional offices in New York, Raleigh, Atlanta, and Monterrey, Mexico. The firm prides itself on strong performance underpinned by a strong employee culture, having won Inc. Magazine’s national “Best Workplaces” award in multiple years, as well as being named to Inc. Magazines’s annual Inc. 5000 list of the fastest-growing companies in the U.S. annually since 2018.
Endava is a leading next-generation technology services provider that helps accelerate disruption by delivering rapid evolution to enterprises. Using distributed enterprise agile at scale, Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation, and delivering robust solutions. Endava helps its clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms, and solutions. It serves clients in the Payments and Financial Services, TMT, and "Other" industries, which includes Consumer Products, Retail, Mobility, and Healthcare. Endava had 7,464 employees as of December 31, 2020, located in North America, Western Europe, and Australia and delivery centres in Romania, Moldova, Bulgaria, Serbia, North Macedonia, Slovenia, Bosnia and Herzegovina, Argentina, Uruguay, Venezuela, and Colombia.
The acquisition of Levvel, which has a strong focus on the Payments and Financial Services, Logistics/Mobility, and TMT segments, will accelerate Endava’s expansion in the United States, while deepening exposure to clients in these core market sectors. Joining forces wth Endava will offer Levvel’s team additional opportunities and its clients access to a global platform with rich talent in the United States, Latin America, and Europe.
Canaccord Genuity, with a team led by JP Michaud and Evan Gabriel, served as exclusive financial advisor to Levvel.