CI&T Acquires NTERSOL to Expand Financial Services Expertise in North America | New

NEW YORK–(BUSINESS WIRE)–Oct. 14, 2022–

CI&T (NYSE: CINT), a global digital specialist, today announced that it has entered into a sale and purchase agreement to acquire INTERSOL Consulting LLC (“NTERSOL”), a US-based digital transformation provider, to expand its financial services expertise in North America.

Based in Irvine, CA, NTERSOL is a strategy and solutions company that provides digital transformation services to leading companies in the financial industry. Helping businesses rethink and reshape their operations for the digital age, NTERSOL’s industry expertise lies in the banking, financial services and insurance (BFSI) vertical.

“NTERSOL’s teams are highly skilled entrepreneurs and talented digital practitioners, making them a great addition to our growing global CI&T family,” said Cesar Gon, Founder and CEO of CI&T. “With the North American side of our business experiencing record growth, this acquisition strengthens our ability to rapidly expand our team to meet the growing demands of existing and new customers as we continue to deliver digital transformation capabilities and world-class digital efficiency at speed and scale.”

CI&T’s expertise in digital transformation has accelerated the business impact of leading brands around the world. By combining an insight-driven digital strategy, customer-centric design, and cutting-edge engineering, CI&T brings ideas to market faster, driving immediate business results. As part of this strategic acquisition, NTERSOL will add more than 170 US-based digital specialists to CI&T, including a roster of seasoned veteran executives, a core team of developers, and product and business strategists. This strategic acquisition further expands CI&T’s business in North America and strengthens the company’s expertise and capabilities in the financial sector.

“The world’s most innovative financial institutions partner with CI&T to create digital experiences, co-create business strategies and implement superior customer-centric user experiences,” added Leo Mattiazzi, Partner and Vice President. executive of CI&T. “We are excited to combine our strengths and enhance our capabilities with the brilliant team at NTERSOL to further expand our industry expertise and deliver best-in-class digital solutions to BFSI companies around the world.”

“At a time when digital is changing faster than ever, we look forward to bringing the best of our expertise to CI&T and together driving the strategic digital and business transformation of leading companies in the financial services industry,” said Tony Jenkins. , CEO and Founder. from NTERSOL. “CI&T and NTERSOL have a shared vision focused on innovation and creating growth opportunities for customers, and by joining CI&T, we will be able to expand our offerings and tap into a global workforce. to deliver a full suite of capabilities and create ongoing value. ”

Completion of this transaction is subject to the satisfaction of customary closing conditions and is expected to occur during the fourth quarter of 2022.

About Intersol

NTERSOL provides digital transformation solutions to banks, lenders and financial institutions. With a team of over 170 industry experts and technology veterans, NTERSOL is uniquely positioned to help customers improve their customer experience, combat inefficiencies and drive revenue through customized software solutions.

About CI&T

CI&T (NYSE: CINT) is a global digital specialist, a digital transformation partner for more than 100 large enterprises and fast-growing customers. As digital natives, CI&T brings a 27-year track record of accelerating business impact through comprehensive and scalable digital solutions. With a global presence in nine countries with a nearshore delivery model, CI&T provides strategy, data science, design and engineering, unlocking revenue growth, improving customer experience and driving efficiency operational. Recognized by Forrester as a leader in modern application development services, CI&T is the employer of choice for more than 6,700 professionals.

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This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are statements that could be considered forward-looking statements. , including expectations relating to earnings and other financial or business measures; statements regarding customer relationships; and any other statement of expectation or belief. Forward-looking statements represent the beliefs and assumptions of our management only as of the date of this press release. You should read this press release knowing that our actual future results may differ materially from what we expect. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from the results expressed or implied in this release. Press. Additional information regarding these and other risks and uncertainties is contained in the “Risk Factors” section of CI&T’s Annual Report on Form 20-F. Except as required by law, CI&T undertakes no obligation and does not intend to update these forward-looking statements or to update the reasons why actual results could differ materially from those anticipated in these statements. forward-looking, even if new information becomes available in the future. .

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CONTACT: Investor Relations Contact:

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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE FINANCE CONSULTANCY BANKING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY BUSINESS

SOURCE: CI&T Inc.

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PUBLISHED: 10/14/2022 5:24 PM / DISK: 10/14/2022 5:24 PM

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