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Endava plc (DAVA) is a next-generation technology services provider that helps enterprises accelerate digital transformation and enhance customer engagement. The company specializes in delivering enterprise platforms capable of handling millions of transactions daily, leveraging its engineering expertise and Agile methodologies. Endava serves clients across various industries, focusing on creating innovative, experience-driven digital platforms and transitioning businesses from legacy systems to modern solutions.
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Payments and Financial Services - Provides technology solutions for payments, banking, capital markets, and insurance industries, enabling clients to enhance transaction efficiency and customer experiences.
- Payments - Focuses on improving payment systems and processes for businesses.
- Banking and Capital Markets (BCM) - Offers solutions for banking operations and capital market transactions.
- Insurance - Delivers digital platforms for insurance providers to streamline operations and improve customer engagement.
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Technology, Media, and Telecommunications (TMT) - Develops digital platforms and strategies for technology, media, and telecom companies to enhance user experiences and operational efficiency.
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Mobility - Designs and implements technology solutions for the mobility sector, supporting advancements in transportation and logistics.
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Other Industries - Expands into diverse sectors such as consumer products, healthcare, and retail, offering tailored digital transformation services to meet industry-specific needs.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
John Cotterell ExecutiveBoard | Chief Executive Officer | None | Founder of Endava; CEO since inception in February 2000; holds a B.Eng. from the University of Bristol and an MBA from Alliance Manchester Business School. | View Report → |
David Churchill Executive | Chief People Officer | None | CPO since July 2021; promoted to executive team in July 2023; joined Endava in 2016 as Head of People and Organisation; previously held HR leadership roles at BT and Arqiva. | |
Julian Bull Executive | Chief Operating Officer | None | COO since July 2023; joined Endava in 2001; previously Chief Commercial Officer (2016-2023) and Sales & Marketing Director (2001-2016); holds a B.A. in Business and French from Bournemouth University. | |
Mark Thurston Executive | Chief Financial Officer | None | CFO since April 2015; previously Group Finance Director at Paragon Education and Skills Ltd.; holds a Physics degree from Durham University and is a Chartered Accountant. | |
Matt Cloke Executive | Chief Technology Officer | None | CTO since July 2023; joined Endava in 2014; previously Chief Catalyst; prior experience includes roles at UBS Investment Bank and American Management Systems. | |
Rohit Bhoothalingam Executive | General Counsel | None | General Counsel since March 2019; oversees Legal, Compliance, and ESG initiatives; previously Associate General Counsel at VEON; holds an LL.M. from Georgetown University Law Center. | |
Ben Druskin Board | Independent Director | Board member at Zensar Technologies | Board member since September 2017; retired from Citigroup as Chairman of Global Technology, Media, and Telecom Investment Banking Group; holds a B.A. in Economics from Rutgers and an MBA from NYU Stern. | |
David Pattillo Board | Independent Director | Manager of Dapa, LLC | Board member since January 2017; previously CFO at ClearStar, Inc.; serves as Chairman of Endava's Audit Committee; holds a B.A. in Economics from Davidson College. | |
Kathryn Hollister Board | Independent Director | Board member at Clear Secure, Inc.; Trustee at Duke University, UC Health Foundation, Cincinnati Museum Center, and 318 Foundation | Board member since October 2022; retired Deloitte partner; holds a B.A. from Duke University and a J.D. from the University of Cincinnati College of Law. | |
Patrick Butcher Board | Independent Director | None | Board member since May 2023; previously CFO at Headlam Group plc and Capita plc; holds a B. Compt. (Hons) in Accounting and Finance from the University of South Africa. | |
Sulina Connal Board | Non-Executive Director | Managing Director of News and Books Partnerships for EMEA at Google | Board member since September 2019; previously held leadership roles at Facebook and Orange; holds an M.A. from the University of Oxford. | |
Trevor Smith Board | Chairman of the Board | None | Chairman since July 2016; joined the board in June 2013; previously CIO for EMEA Region at Goldman Sachs; holds a B.Sc. in Economics from UCW Aberystwyth. |
- Given the increased softness you've observed in the U.K. and Rest of World regions due to a worsening macroeconomic environment, how do you plan to address the unplanned ramp-downs and delays in your pipeline to stabilize revenue in these markets?
- With the shift from traditional digital transformation services to an AI-led model causing longer sales cycles and less predictable decision-making timing, how confident are you in your ability to convert your pipeline of large deals into revenue within your projected timelines?
- Can you provide more details on the £5 million restructuring charge due to headcount reductions, specifically which areas were impacted, and how these reductions might affect your capacity to deliver on new and existing projects?
- Regarding the integration of the GalaxE acquisition, what specific cost optimizations and efficiencies have you realized so far, and are these in line with the profitability improvements you anticipated for the back half of the year?
- Considering the unplanned ramp-downs from clients and the delays in budget confirmations for 2025, what level of visibility do you currently have into your clients' spending plans, and how are you adjusting your strategy to manage potential risks to your revenue guidance?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
GalaxE Group, Inc. | 2024 | Endava acquired 100% of GalaxE Group, Inc. with a total consideration of $405 million (including cash, stock, and contingent components) to expand its footprint in North America, bolster its expertise in U.S. healthcare (70% revenue from healthcare), and establish its first delivery operations in India with nearly 1,200 employees. |
EQ Tek | 2024 | Endava acquired EQ Tek on February 27, 2024, for a total consideration of £14.8 million (comprising initial cash and deferred payments), enhancing its delivery capabilities in Poland and strengthening its software R&D and IT support services across sectors like financial services, gaming, and technology-led B2C industries. |
TLM Partners, Inc. | 2023 | In August 2023, Endava acquired TLM Partners, Inc. for a total consideration of £16.5 million (including cash, deferred, and contingent components, with potential additional payments for employee retention), strategically boosting its gaming and digital entertainment capabilities and expanding expertise in design, engineering, and art/animation. |
DEK Corporation Pty Ltd, DEK Technologies Sweden AB, and DEK Vietnam Company Ltd | 2023 | Endava completed the acquisition of DEK on June 9, 2023 for a total consideration of £57.1 million (a mix of initial cash, equity, deferred, and contingent payments), which enhances its telecommunications and embedded solutions capabilities while strengthening its presence in the Asia-Pacific region and Sweden, and leveraging Vietnam as a key delivery hub. |
Mudbath & Co. Pty Ltd | 2023 | Endava acquired Mudbath & Co. Pty Ltd on May 10, 2023 for a total consideration of £15.1 million (including cash, equity, deferred, and contingent components), to solidify its presence in Australia and complement its nearshore operations in Malaysia and Vietnam, while adding a skilled team and new client relationships. |
Lexicon Digital Pty Ltd & Lexicon Consolidated Holdings Pty Ltd | 2022 | On October 6, 2022, Endava acquired Lexicon, an Australian-based technology consulting and digital transformation firm, for a total consideration of £55.0 million (comprising cash, shares, and deferred/contingent amounts), strategically enhancing its market presence in Australia and adding a nearshore delivery center in Ho Chi Minh, Vietnam. |
Business Agility Consulting Ltd. (BAC) | 2022 | Endava acquired BAC on February 8, 2022 for a total consideration of approximately £15.031 million (including cash, equity, deferred, and contingent components) with incremental goodwill of £12.78 million, strengthening its insurance software capabilities in the UK and expanding its Western European talent pool with 45 employees. |