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  5. Grid Dynamics Acquires Tacit Knowledge

M&A Deal Summary

Grid Dynamics Acquires Tacit Knowledge

On May 29, 2021, Grid Dynamics acquired information technology company Tacit Knowledge from Pitney Bowes

Acquisition Highlights
  • This is Grid Dynamics’ 1st transaction in the Information Technology sector.
  • This is Grid Dynamics’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-05-29
Target Tacit Knowledge
Sector Information Technology
Buyer(s) Grid Dynamics
Sellers(s) Pitney Bowes
Deal Type Divestiture

Target

Tacit Knowledge

London, United Kingdom
Tacit Knowledge is a global consultancy focused on digital commerce. Tacit has worked at the nexus of commerce and content, applying Silicon Valley innovation and know-how to global retailers and brands. Tacit Knowledge was founded in 2002 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Grid Dynamics

San Ramon, California, United States
Category Company
Founded 2006
Sector Information Technology
Employees4,926
Revenue 351M USD (2024)
DESCRIPTION

Grid Dynamics is a provider of open, scalable, next-generation commerce technology solutions in the areas of omnichannel digital platforms, cloud enablement, and continuous delivery. Grid Dynamics was founded in 2006 and is based in San Ramon, California.

DEAL STATS #
Overall 3 of 5
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Daxx Soft

Wormerveer, Netherlands

Daxx Soft is a software development and technology consulting company. Daxx serves customers in the Netherlands, Germany, U.K., and U.S., enjoying long-term relationships with high-growth start-ups and established software companies operating in the fields of digital media, healthcare, education, and high tech. Daxx Soft was founded in 1999 and is based in Wormerveer, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 JUXT

Milton Keynes, United Kingdom

JUXT is a provider of software engineering services specializing in data-intensive information systems for banking and other financial institutions, with a particular focus on risk platforms, structured notes, equity derivatives, and financial reporting. JUXT was formed in 2013 and is headquartered in Milton Keynes, England.

Buy -

Seller(S) 1

SELLER

Pitney Bowes

Stamford, Connecticut, United States
Category Company
Founded 1920
Sector Business Services
Employees7,200
Revenue 2.0B USD (2024)
DESCRIPTION
Pitney Bowes facility in Danbury, Connecticut.
Pitney Bowes facility in Danbury, Connecticut.

Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 7 of 7
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 Pitney Bowes - Software Solutions Business

Stamford, Connecticut, United States

Pitney Bowes, Inc. - Software Solutions Business is a data management software provider.

Sell $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 CrescoData

Singapore, Singapore

CrescoData is a cloud-based technology business serving enterprise customers globally. CrescoData’s Commerce Connect Platform provides integration to over 85 commerce channels through a single API, and enables mapping and automating of product, stock, and order data between the platforms. CrescoData was founded in 2014 and is based in Singapore.

Buy -
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