The two companies have signed a 5-year deal worth £75m net new revenue to support the delivery of Equiniti’s product and engineering transformation. This deal strengthens Endava and Equiniti’s existing three-year relationship and delivers significant growth for Endava’s Capital Markets business.
London - NYSE “DAVA” - Endava, a leading next-generation technology services provider, today expands its strategic relationship with Equiniti, a leading international provider of tech-enabled shareholder, retirement and remediation services.
Endava and Equiniti have partnered on many successful projects over the past three years, during which Endava has gained a strong understanding of Equiniti’s technology landscape and strategy. There is clear alignment with Equiniti’s cultural values, quality of talent, ways of working and a shared enthusiasm for Equiniti’s transformation journey ahead. This cultural alignment and understanding of current and target technology states, positions Endava to deliver critical tech solutions quickly.
With the extension of this partnership, Equiniti has become one of Endava’s top 10 clients globally.
Together with Equiniti, Endava’s focus will remain on accelerating the delivery of Equiniti’s transformative product and technology roadmap, to deliver best-in-class digital journeys for their clients and for the millions of end customers that benefit from their services.
Capital Markets as a practice within Endava continues to be high-growth (particularly Market Infrastructure). It is an area where the business has deep experience and one its people actively seek to engage in.
This partnership supports Endava’s know-how and expertise in this field, and will provide domain-aligned, diverse, critical projects to engage in with Equiniti.
John Cotterell, Endava’s CEO, said, “We take great pride in our partnership with Equiniti and I am very excited to extend this relationship in such a strategic fashion. Equiniti and Endava’s cultural alignment is visible and provides a solid foundation for our wider partnership. We both put people first and focus on creating valuable experiences for employees and clients alike through fostering a culture of innovative thinking, open collaboration and technical excellence – we have seen this in practice in our engagements to date and through the strong relationships that have already been established across our teams. We are thrilled to be supporting the delivery of Equiniti’s transformative Product and Technology roadmap ahead, and look forward to executing on this vision collaboratively together. This strategic partnership we embark on is proof of the great relationships and business outcomes that Endavans can create together with our clients.”
Craig Smiley, Equiniti’s Chief Product & Technology Officer, said, "We’re excited to deepen our proven partnership with Endava and accelerate our journey to being a truly product-led organisation. The partnership forms part of a wider investment in technology across Equiniti as it continues its transformation journey and supports our strategic vision to be the leading global share registrar, offering complementary services to its client base."
About Endava
Technology is our how. And people are our why. By combining world-class engineering, industry expertise and a people-centric mindset, we consult and partner with our customers to create technological solutions that drive innovation and transform businesses. From ideation to production, we support our customers with tailor-made solutions across various industries and all around the world.
Endava services clients in payments, banking and capital markets, insurance, TMT, consumer products, retail, mobility and healthcare. As of September 30, 2023, 11,761 Endavans provided services from our locations in European Union countries (Austria, Bulgaria, Croatia, Denmark, Germany, Ireland, the Netherlands, Poland, Romania, Slovenia and Sweden), non-European Union countries (Bosnia & Herzegovina, Moldova, North Macedonia, Serbia, Switzerland and the United Kingdom), Latin America (Argentina, Colombia, Mexico and Uruguay), Asia-Pacific (Australia, Malaysia, Singapore and Vietnam), North America (Canada and the United States); and the Middle East (United Arab Emirates).
About Equiniti Group (EQ)
EQ is a leading international provider of tech-enabled shareholder, retirement; and remediation services. With over 6,000 employees, it supports over 39 million people in the UK, US; and across the globe. EQ’s purpose is to care for every customer and simplify every transaction, whilst minimising our impact on the environment.
Find out more on equiniti.com