KUALA LUMPUR, Nov 19 (Bernama) -- HTEC Group, the global consulting, software engineering, and digital product development company founded in Serbia, has announced the acquisition of Momentum Design Lab, an award-winning Silicon Valley product design studio.
The acquisition, which will further strengthen HTEC’s product design capabilities alongside its core engineering offering, means the company now employs over 1,000 people globally across offices in the US, UK, Netherlands, Sweden, and Slovenia.
Since its inception in 2008, as a start-up in the Business Technology Incubator at the University of Belgrade, the company has grown from 250 employees in four development centres at the beginning of 2020, to now over 1,000 full-time employees spread across 12 locations in six countries across Southeast Europe.
According to a statement, Momentum will help HTEC build digital products that transform industries and businesses and improve the lives of people globally.
Momentum’s client roster ranges from 40 of the Fortune 500 companies to exciting start-ups. The company has propelled their technology clients to generate over US$41 billion in exits or valuation. (US$1 = RM4.179)
HTEC Group CEO, Aleksandar Cabrilo said: “I am delighted to welcome Momentum into our fast-growing team. In Momentum, we found values and a culture that matches our own — the urge for continuous learning and professional growth, a stellar reputation among its existing customers, and a clear passion for delivering excellence when designing digital platforms and products that matter.”
Momentum founder, David Thomson said: “As a company who is inventing the possible for our customers, it was important to find a partner that matched our design expertise and customer base with world class technology talent.
“HTEC’s deep technical knowledge exceeded our expectations and we're excited to join forces to build disruptive products, drive innovation and transform the way business is done from the inside out.”
-- BERNAMA
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