Endava Acquires DEK to Diversify and Expand in APAC Region

Endava has acquired DEK to further its diversification and expansion in the Asia Pacific (APAC) region.

With the addition of DEK, Endava will gain expertise spanning several industry sectors and extend its reach in the APAC region, Endava said in a Friday (June 9) press release.

“DEK brings with it great talent, with particular expertise in the globally innovative domains of telecoms and embedded tech,” Endava CEO John Cotterell said in the release. “We’re excited by the opportunity to cross sell our capabilities to each other’s clients.”

This transaction follows Endava’s acquisition of two other Australian-headquartered businesses: Lexicon in October 2022 and Mudbath in May, according to the press release.

Endava leverages multi-disciplinary teams and technology to help clients become “digital, experience-driven businesses,” the release said.

The company it has acquired, DEK, develops software and hardware solutions for applications that include embedded systems, real-time solutions, telecoms and data communications, per the release.

“Since our first contact with Endava, we have been impressed by their culture, quality and energy and we wanted to bring our businesses together,” DEK CEO and Co-Founder Drini Mulla said in the release. “We are delighted to do so now. This is a positive move, as we now gain access to a broader array of skillsets, not to mention our people and businesses with the now accelerated growth potential.”

One of the skillsets of Endava is in open banking.

Open banking will follow a natural progression, Endava Senior Vice President and Head of Payments for the Americas Glenn Geil told PYMNTS’ Karen Webster in an interview posted in September 2021.

Consumers will move beyond simple account aggregation and toward active management of their finances, consolidating into one dashboard the activities of multiple accounts, each created with an eye toward better budgeting or mapping to long-term goals, Geil said at the time.

“Then it gets to the pushing of payments, and being able to orchestrate those in a much better manner than having to go through a single bank account,” Geil said. “You’ll look at a dashboard and then decide where and when to push money out from any number of accounts.”