Munich, Germany – November 9, 2020 – intive today published an update on its performance in the second and third quarter of 2020. As global markets grapple with the second wave of COVID-19, the company navigates the unprecedented crisis with a steady double-digit growth across Technology, Media and Communications (TMC) as well as its Automotive client portfolio.
The ongoing impacts of COVID-19 continue to disrupt markets globally. intive’s global customers form a varied group that includes businesses across multiple sectors. The company is experiencing the different market dynamics in each segment with growth in TMC and Automotive, and a slowdown in retail sales and the travel industry. Entering Q4 2020, intive has already seen growth and positive developments on the accounts affected by Covid earlier this year.
“Despite the challenging macroeconomic environment and amid high uncertainty, we’re seeing a growing demand for our services. The revenue in our Technology, Media and Communications vertical is experiencing double-digit growth globally, year on year, and we’re expanding our Automotive segment at the same pace” – said Gurdeep Grewal, CEO of intive. “Our top 10 accounts are expected to grow by more than 10% in 2020. This year, we’ve proven our strength and resilience, as well as our ability to support our long-standing partners’ business continuity and success.”
intive had adopted the principles of agility and measures to guarantee resilience of its operations before experiencing the pandemic-related disruption. With a flexible mobile workforce and diversified portfolio, the company reports to be stable and prepared to operate as planned.
“We are geared up to support our clients in ongoing projects as well as new engagements focusing on their new product releases and enriched competitiveness,” – said Sławomir Kupczyk, COO at intive. “We have always been equipped with the technical infrastructure to work and deliver in a fully remote setup. Now we have increased the capacity and redundancy of our core IT systems that enable our mobile work and implemented additional monitoring. We’re responding to the current challenges with careful planning and oversight to make sure the continuity of our operations is secured.”
intive is a global digital powerhouse headquartered in Munich, Germany. With a challenging, exploratory and agile mindset and international teams of software, design and business experts, intive partners with market leaders in accelerating digital transformation for products and services of tomorrow. intive’s solutions driven by world-class innovation add value along the whole application lifecycle – from product conceptualization to its maintenance. The company’s operations include 12 development centers and 6 design studios in Germany, Poland and Argentina, as well as regional offices in the UK and the USA. intive won the trust of the world’s largest companies such as Audi, BASF, BMW, Credit Suisse, Discovery, Disney, Esprit, Facebook, Google, ING, ViacomCBS and Vorwerk.