US-based IT company Ness Digital Engineering has announced its acquisition of MVP Factory, a German corporate venture builder and product design studio. MVP Factory offers end-to-end services for digital venture and product development using lean and agile methodologies. With clients such as DB Schenker, MVP Factory has successfully pioneered the venture studio model. By acquiring MVP Factory, Ness aims to strengthen its expertise in digital engineering and expand its capabilities in helping clients incubate and scale digital ventures. The transaction is expected to be completed by the end of June 2023.
Ness Digital Engineering, a US-based IT company, has acquired German corporate venture builder and product design studio MVP Factory. With clients including DB Schenker, MVP Factory provides a comprehensive service for digital venture and product building, utilizing lean and agile methodologies. This acquisition reinforces Ness’ position as a specialist in digital engineering, enhancing their ability to support clients in incubating and scaling digital ventures. The deal is expected to close by the end of June 2023.
MVP Factory’s expertise in assisting clients with digital venture incubation and scaling, as well as their design-focused approach to digital innovation, has impressed Ness. By joining forces, Ness can solidify its position as one of the few major players in pure digital engineering, managing projects from new venture ideation through to technical execution. These synergies are expected to provide immediate value to clients.
The cross-functional team at MVP Factory also brings an entrepreneurial mindset that helps identify new opportunities and business models in rapidly changing industries. By combining their offering with Ness’ capabilities, the two companies can seamlessly manage projects from the ideation and incubation of new ventures to their technical execution.
The acquisition is a strategic move for Ness as they aim to expand their digital engineering services and establish themselves as a leading player in the industry. By integrating MVP Factory’s expertise, Ness hopes to provide even greater value to their clients and strengthen their position in the market.
Overall, the acquisition of MVP Factory by Ness Digital Engineering is a significant development in the digital venture and product design space. It allows Ness to further enhance its digital engineering capabilities and offers immediate value to clients through the synergies created by the two companies. With the transaction expected to be completed by the end of June 2023, both Ness and MVP Factory are poised to embark on a new chapter of growth and innovation.
