Concentrix to acquire Tigerspike to expand Digital Services

Concentrix Corporation and Tigerspike have entered into a definitive agreement in which Concentrix will acquire Tigerspike. Alex Burke, CEO of Tigerspike will stay as the leader of Tigerspike and join Concentrix’ senior executive staff, reporting to Chris Caldwell, President of Concentrix.

This transaction is intended to enhance Concentrix’ digital competencies and drive further differentiation and growth in the market place through Tigerspike’s digital domain expertise. Tigerspike is a digital products and strategy company founded in 2003. The company’s unique approach blends technology with human expertise to deliver business outcomes, such as improvements in efficiency, productivity and employee engagement, fast for its clients. It has a full suite of digital competencies (strategy, experience design, platform and mobile application development and systems integration), with a focus on enterprise mobility.

The transaction aligns with Concentrix’ stated strategy to further invest in digital and enabling technologies to create effortless, personalized customer engagements and improved business intelligence and performance for its clients.

“Tigerspike has established itself as a high-value enterprise player in digital products and strategy. Its capabilities and solutions in ‘Business Digital’ stand out and meet a fast-growing market demand, which we believe we will be able to leverage across our combined client base,” said Chris Caldwell, President of Concentrix. “This acquisition is intended to increase Tigerspike’s speed to market of these solutions and provide us new opportunities for expansion. Tigerspike’s approach of blending technology, human expertise, and the use of data and digital to enhance value to clients through analytics and business success metrics is both needed and extremely exciting to our clients.”

“This is an exciting step on our journey for Tigerspike as we continue to scale out our practice, products and approach globally,” said Alex Burke, CEO of Tigerspike. “Our vision is to transform businesses by empowering leaders to make better decisions, both now and in the future. Concentrix shares this vision and our ambition to deliver business results, faster. Our team, clients and partners can only benefit from Concentrix and Tigerspike coming together.”

Tigerspike has operations in Australia, Singapore, UAE, Japan, USA, Poland, and the UK, and adds approximately 300 staff to Concentrix.

It is anticipated that the transaction will close in Q3 2017, subject to the satisfaction or waiver of customary closing conditions. Until the transaction is completed, the companies will continue to operate independently.