M&A Deal Summary

CI&T Acquires Somo Global

On January 14, 2022, CI&T acquired information technology company Somo Global for 49M GBP

Acquisition Highlights
  • This is CI&T’s 2nd transaction in the Information Technology sector.
  • This is CI&T’s largest (disclosed) transaction.
  • This is CI&T’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-01-14
Target Somo Global
Sector Information Technology
Buyer(s) CI&T
Deal Type Add-on Acquisition
Deal Value 49M GBP

Target

Somo Global

London, United Kingdom
website
Somo Global is an independent digital product agency, delivering digital ambitions at pace and scale for some of the world’s largest brands and coolest start-ups. Somo Global was founded in 2010 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

CI&T

New York, New York, United States

website

Category Company
Founded 1995
Sector Information Technology
Revenue 957M USD (2020)
DESCRIPTION

CI&T is a provider of design thinking, lean methodologies, and advanced technology including Machine Learning/AI, Advanced Analytics, and Cloud and Mobility services. CI&T, Inc. was founded in 1995 and is based in New York City.

DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 3 of 5
Country (United Kingdom) 1 of 1
Year (2022) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Dextra

Campinas, Brazil

Dextra is a Brazilian-based software development company that creates end-to-end digital products. Dextra is an expert in combining design methodologies, agile development, and data science to deliver digital products that boost our customers' businesses. Dextra was founded in 2013 and is based in Campinas, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Transpire

Melbourne, Australia

Transpire is an Australian technology consultancy that delivers digital experiences across several verticals, with a solid design-led, mobile-first, cloud-native approach. Transpire was founded in 2009 and is based in Melbourne, Australia.

Buy -
Mergr

Product

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