CI&T (NYSE: CINT), a global digital specialist, announces today the execution of a sale and purchase agreement to acquire NTERSOL Consulting LLC ("NTERSOL"), a U.S. based digital transformation provider, to expand its financial services expertise in North America.
Headquartered in Irvine, CA, NTERSOL is a strategy and solutions firm providing digital transformation services to leading companies throughout the financial sector. Helping companies rethink and reshape their operations for the digital age, NTERSOL’s core industry expertise lies within the banking, financial services and insurance (BFSI) vertical.
“The NTERSOL teams are highly skilled entrepreneurs and talented digital practitioners, making them a great addition to our growing CI&T global family,” stated Cesar Gon, Founder and CEO of CI&T. “With the North American side of our business experiencing record growth, this acquisition enhances our ability to rapidly expand our team to meet the growing demands of existing and new clients as we continue to offer world-class digital transformation and digital efficiency capabilities at speed and scale.”
CI&T's digital transformation expertise has accelerated business impact for leading brands around the world. By combining insight-driven digital strategy, customer-centric design, and best-in-class engineering, CI&T brings ideas to market faster, generating immediate business results. As part of this strategic acquisition, NTERSOL will add more than 170 U.S.-based digital specialists to CI&T including an executive roster of seasoned veterans, a core team of developers and product and business strategists. This strategic acquisition further expands CI&T’s operations in North America and bolsters the company’s expertise and capabilities within the financial segment.
“The world’s most innovative financial institutions partner with CI&T to build digital experiences, co-create business strategies and implement superior customer-centric user experiences,” added Leo Mattiazzi, Partner and Executive Vice President of CI&T. “We are excited to combine our strengths and reinforce our capabilities with NTERSOL’s brilliant team to further expand our industry expertise and offer best in class digital solutions to BFSI companies across the globe."
“At a time when digital is moving faster than ever, we look forward to bringing the best of our expertise to CI&T and together drive the strategic digital and business transformation of leading companies in the financial services sector,” stated Tony Jenkins, CEO & Founder of NTERSOL. “CI&T and NTERSOL have a shared vision focused on delivering innovation and unlocking growth opportunities for clients, and by joining CI&T, we will be able to scale our offerings and tap into a global workforce to provide a full suite of capabilities and create ongoing value.”
The completion of this transaction is subject to the satisfaction of customary closing conditions and is expected to happen during the fourth quarter of 2022.
NTERSOL provides digital transformation solutions to banks, lenders, and financial institutions. With a team of more than 170 industry experts and technology veterans, NTERSOL is uniquely positioned to help clients improve their customer experiences, combat inefficiencies, and drive revenue through custom software solutions.
CI&T (NYSE:CINT) is a global digital specialist, a partner in digital transformation for 100+ large enterprises and fast growth clients. As digital natives, CI&T brings a 27-year track record of accelerating business impact through complete and scalable digital solutions. With a global presence in nine countries with a nearshore delivery model, CI&T provides strategy, data science, design, and engineering, unlocking top-line growth, improving customer experience, and driving operational efficiency. Recognized by Forrester as a Leader in Modern Application Development Services, CI&T is the Employer of Choice for more than 6,700 professionals.
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