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Grid Dynamics Holdings, Inc. (NASDAQ:were able) (“Grid Dynamics”), a leader in enterprise-level digital transformation, today announced It got Tacit knowledge, Pitney Bowes (NYSE:PBI) Owns Companies and leading providers of end-to-end digital commerce solutions for global brands.
Founded in 2002, Tacit Knowledge is a global digital business solution provider serving customers in the UK, North America, Continental Europe and Asia. The company serves global leading brands in the technology, consumer goods, financial and retail markets, with Visa, LVMH and Shimano being its top customers. As part of the acquisition, more than 180 employees (including senior executives) from the United Kingdom, Mexico, Moldova and the United States will join Grid Dynamics. The funding for the acquisition comes from the available cash reserves of Grid Dynamics.
“We are very pleased to welcome Tacit Knowledge to the Grid Dynamics family. Tacit Knowledge has always demonstrated values that are very consistent with the values of Grid Dynamics. They are good at providing consulting to top global brands, distinguishing themselves by focusing on digital transformation, and delivering consistently The highest level of quality. The location of Tacit Knowledge is highly complementary to that of Grid Dynamics, allowing us to expand our capabilities and serve more customers from near shore locations.” Leonard Livschitz, CEO of Grid Dynamics.
“We believe that Grid Dynamics is an excellent partner for tacit knowledge. They have the scale and reputation to deal with the Fortune 500, and more importantly, Grid Dynamics has a comprehensive understanding of the digital commerce field. We are very happy to be one of them. Members of the big family and look forward to this new growth phase.” James Block, General Manager, Tacit Knowledge.
About tacit knowledge
Tacit Knowledge is a global consulting company focused on digital commerce. Since 2002, Tacit has been committed to the connection between business and content, applying Silicon Valley’s innovation and expertise to global retailers and brands.For more information, please visit www.tacitknowledge.com.
About grid dynamics
Grid Dynamics (Nasdaq stock code:were able) Is a digital native technology service provider that can accelerate the growth and strengthen the competitive advantage of Fortune 1000 companies. Grid Dynamics provides digital transformation consulting and implementation services in omni-channel customer experience, big data analysis, search, artificial intelligence, cloud migration and application modernization. Grid Dynamics has achieved rapid time to market, quality and efficiency through the use of technology accelerators, agile delivery culture and its global engineering talent pool. Grid Dynamics was founded in 2006 and is headquartered in Silicon Valley, with offices in the United States and Western, Central and Eastern Europe.To learn more about grid dynamics, please visit www.griddynamics.com.
Forward-looking statements
This communication contains “forward-looking statements” referred to in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are not historical facts and involve risks and uncertainties that may lead to the actual results of Grid The dynamics are very different from the expected and predicted dynamics. These forward-looking statements include, but are not limited to, statements about the quality and capabilities of our products.
These forward-looking statements involve significant risks and uncertainties, which may cause actual results to differ materially from expected results. Most of these factors are outside the control of Grid Dynamics and are difficult to predict. Factors that may cause such differences include, but are not limited to, any factors that cause problems with the quality and functionality of our products, and other risks and uncertainties indicated in the documents submitted by Grid Dynamics to the SEC.
Grid Dynamics cautions that the above list of factors is not exclusive, and reminds readers not to rely too much on any forward-looking statements, which are only effective from the date of publication. Grid Dynamics does not undertake or accept any obligation or commitment to publicly release any updates or revisions to any forward-looking statements to reflect any changes in its expectations or any changes in the events, conditions or circumstances on which such statements are based. For more information about the factors that may have a significant impact on Grid Dynamics (including its operating results and financial status), please refer to the “Risk Factors” section of the company’s quarterly report on Form 10-Q submitted on May 6, 2021 and others Regularly report the documents submitted by Grid Dynamics to the SEC.
View the source version on businesswire.com: https://www.businesswire.com/news/home/20210529005007/en/
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