Bristol's Amdaris snapped up by US-based global tech giant Insight Enterprises

Bristol-based software specialist Amdaris has been snapped up by the US-based global tech giant Insight Enterprises - a Fortune 500 company.

Amdaris is an award-winning software and digital firm with service delivery centres in several eastern European countries and it says the deal, among other factors, underlines the significant IT potential of the region.

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Through the acquisition, Insight will add Amdaris’ software development, application support, managed services and consultancy services to the former's broad portfolio of solutions and IT supply chain capabilities.

Andy Rogers, the co-CEO of Bristol's Amdaris, said: "We're thrilled to bring our proven track record of innovative software development and business-critical modernisation expertise to Insight.

"Insight has established an award-winning reputation as a trusted partner, committed to helping organisations perform to their full potential.

"By joining forces, we look forward to leveraging Insight's global expertise and delivery network, particularly its global managed cloud service and leading knowledge of modern data warehouses and generative AI. Its expansive partnerships and accreditations will undoubtedly help our existing clients think even more ambitiously about their transformation goals."

Vlad Nanu, co-CEO of Amdaris, added: "Amidst the fast-paced growth of the IT industry, our acquisition by Insight speaks volumes of their unwavering trust in the exceptional software development skills and talents that Eastern Europe has to offer.

"There’s also a lot of excitement that this level of investment will generate significant impact and development in the region," he added.

Joyce Mullen, president and CEO of Insight, noted that the deal would help the group to deliver a broader range of services and solutions to clients in Europe, the Middle East and Africa (EMEA).

Adrian Gregory, Insight's EMEA president, added: "With the business landscape in a constant state of change, IT products and services have become integral: every business must be digital now, and they must move quickly to achieve it.

"Organisations need a partner to advise, design, build and implement their future business models using technology, accelerating their digital journey.

"With Amdaris, Insight’s position as a leading Solutions Integrator will be enhanced, and clients will be provided with even more capabilities in application development and digital consulting," he said.

"Amdaris clients in turn gain access to our deep expertise in cloud, data, AI, cybersecurity and intelligent edge, augmented by Insight’s longstanding relationships with more than 6,000 technology partners across the globe."

Armstrong Teasdale LLP acted as counsel to Insight, while Amdaris was represented by TLT LLP.

Accountants KPMG served as exclusive financial advisor to Amdaris in connection with the transaction, while PCB Partners acted as M&A advisors to Insight.

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