Munich, Germany – May 12, 2020 – intive today published an update on its performance in the first quarter, acquisition plans and the impact of the global spread of COVID-19 on its operations.
The company experienced a steady 11% year-over-year revenue growth in Q1 2020. Stable long-term partnerships with global brands as well as customer base expansion in Q1 demonstrate intive’s capacity for continuous positive performance. Gurdeep Grewal, intive’s CEO since November 2019, leads the company into the next phase of development and through the disruption caused by the COVID-19 pandemic.
“Our operating model and technical infrastructure put us in a position to address business challenges created by the current global health emergency with agility,” – said Gurdeep. “The continuity of our operations is secured and 98% of our employees now work remotely. I’m impressed by the flexibility of our teams that made this necessary transition incredibly swift. We are now actively focused on accelerating our clients’ digital transformation journey and digital engagement with their own customers, which current circumstances are increasingly requiring.”
Building on good financial results in Q1, intive is looking to grow and expand internationally, both organically and through acquisitions.
“As the whole industry adjusts to the new macroeconomic circumstances, we are planning ahead,” – said Kerim Turkmen, Board member of intive and Partner at Mid Europa Partners. “intive’s unique blend of design and engineering capabilities has helped its clients grow their top lines. We are also considering acquisitions that would complement our existing technology expertise and expand our delivery footprint. We would consider doubling our existing €90m revenue base through acquisitions.”
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 13 development centers and 7 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, Viacom and Vorwerk.