Tangent targets global growth with Exadel deal
A London-based AI experience agency is set to expand its international reach and delivery capabilities following a multi-million-pound deal with a global software engineering firm.
Tangent has agreed terms to join Exadel, an AI and digital engineering business backed by US private equity firm Sun Capital Partners.
The deal will see Tangent continue operating under its existing brand, with chief executive Leigh Gammons remaining in charge of the firm.
Bosses at Exadel say the acquisition strengthens its AI consulting and delivery offer across the UK and Europe, adding enterprise client relationships including SAP, Vodafone, New Balance and IWG.
Michael Boustridge, chief executive of Exadel, said: “What set Tangent apart was not just its AI-driven technical capability, but the team’s unique combination of innovative product thinking and AI-accelerated delivery in a rapidly evolving market.
“Their approach to AI aligns closely with our vision: using intelligent systems not just to automate tasks, but to help people and businesses make faster, better decisions at scale.
“We’ve followed Tangent’s progress closely, and the combination of AI-powered consultancy and delivery within a single team is exactly what we were looking for in a UK and European partner.”
For Tangent, the agreement provides access to Exadel’s international delivery network across more than 25 locations in the Americas, Europe and Asia.
The two firms also plan to launch a joint AI accelerator programme designed to help enterprise organisations move AI projects from strategy into delivery.
Oli Green, chairman of Tangent, added: “Tangent has built a reputation for solving complex problems for enterprise clients.
“Exadel provides the scale and platform to take that capability further, opening up larger opportunities across more markets.
“We’re confident this combination will accelerate the next phase of growth.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs