Biznextindia : Ness Digital Engineering has recently completed the acquisition of MVP Factory, a prominent corporate venture builder and product design studio based in Germany. With its headquarters in Berlin, MVP Factory has gained recognition for its comprehensive services in digital venture and product development. The company has been at the forefront of pioneering the venture studio model and has served clients worldwide, including esteemed organizations like DB Schenker. By leveraging lean and agile methodologies, MVP Factory empowers clients to conceptualize, validate, launch, and scale digital ventures. Furthermore, the studio’s cross-functional team possesses an entrepreneurial mindset, enabling them to identify fresh opportunities and innovative business models within rapidly evolving industries. The transaction is expected to close at the end of June 2023. Financial details were not disclosed.
“MVP Factory’s expertise in helping clients incubate and scale digital ventures and design software products further strengthens our strategy to be a specialist in digital engineering” said Ranjit Tinaikar, Chief Executive Officer, Ness. “We have been deeply impressed by MVP Factory’s leadership and team in their distinctiveness and design-based approach to digital innovation. We are truly excited to have them join our team”.
“Joining Ness Digital Engineering, backed by KKR, offers a fascinating opportunity for the global expansion of MVP Factory,” said Philipp Petrescu, MVP Factory’s Founder & CEO. “Through our combined offering, Ness can further solidify its position as one of the few at-scale pure digital engineering players that seamlessly manages projects from new venture ideation and incubation to technical execution. The synergies will offer immediate value to our clients”.