AgileThought sells to AN Global

AgileThought, one of the leading software companies in the Tampa-St. Pete area, was acquired by AN Global, a technology firm in suburban Dallas.

Financial terms were not disclosed in a news release announcing the deal.

David Romine, co-founder and CEO, AgileThought

The new company will be headquartered in Irving, Texas and will keep the AgileThought name, the news release said. David Romine, CEO and co-founder of AgileThought, will be managing director of the combined company.

The new AgileThought will have a joint workforce of over 3,000 employees, and offices across three continents in markets that include the United States, Mexico, Argentina, Brazil, Chile, Costa Rica, Portugal, and Spain.

The deal creates an organization with wider, deeper, and more diverse expertise driven by a differentiated approach to delivering complex software at scale, Romine said.

“We look forward to the opportunities this new phase in AgileThought’s journey will bring to our team members and our clients. We believe the combined strengths and aligned cultures of the two organizations create a company with a very compelling end-to-end service line from product portfolio ideation, validation and management to continuous delivery and long-term maintenance of global enterprise technology solutions,” he said.

AgileThought, founded in 2004, provides custom software and consulting services for Fortune 1000 companies. The company had $56.6 million in revenue in 2017, when it was No. 2,525 on the Inc. 5000, with a three-year growth rate of 170 percent. It’s been on the Inc. 5000 every year since 2008.

AN Global is a privately owned firm that provides information technology and analytic services, including data warehousing and analytics, eCommerce implementation, user experience design, marketing, cloud implementation and business process outsourcing. Investor include Nexxus, a private equity firm in Mexico, and Credit Suisse, according to the AN Global website.

“While AgileThought’s exemplary delivery and consistent growth among high-end and high-value clients were impressive, its culture and brand promise to deliver for clients were both fundamental reasons for this transaction,” said Manuel Senderos, AN Global chairman and CEO. “We were impressed by AgileThought’s delivery of cutting-edge cloud solutions for their enterprise clients and their successful and innovative corporate culture.”

The AgileThought deal follows the December 2018 acquisition of 4th Source, a digital IT services firm in Tampa. Christopher Desautelle, who was president and CEO of 4th Source, will be managing director for the United States for the new AgileThought.