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September 15, 2022
SEIDOR Acquires Opentrends and Strengthens its Cloud Application Transformation Strategy
- The business technology consulting firm SEIDOR becomes a majority shareholder of digital transformation solutions firm Opentrends.
- Opentrends has a 15-year track record and presence in Palo Alto, CA, Barcelona, Madrid, and Kerala (India).
- With this transaction, SEIDOR brings together its capabilities and those of Opentrends in a new unit comprised of over 500 professionals that will provide advanced cloud application services.
- With this union, both companies reinforce their commitment to innovation, design, and digital product development solutions in the United States.
SEIDOR and Opentrends announced a definitive merger agreement under which SEIDOR will acquire Opentrends, a digital transformation company specializing in cloud applications, customer experience solutions, and digital product design and development, thus reinforcing its strategy in these areas.
The business technology consulting firm is also strengthening its expertise in adopting new technologies, such as Artificial Intelligence (AI), the Internet of Things (IoT), and in areas such as Smart Cities or the Connected Car. In addition, both companies are consolidating their commitment to innovation, design, and digital product development, the main focus of Opentrends' activities in the US.
Opentrends has a high degree of specialization in the public sector and large multinational companies, including banking, automotive, education, manufacturing, and consumer goods.
This merger further enables SEIDOR to reinforce its presence in the USA and also incorporates a development center in Kerala. This allows SEIDOR to extend its global capabilities in developing applications and put them at the service of its customers worldwide.
SEIDOR will also expand its offering with Opentrends' digital agency services, which operate under the name Failfast and specializes in user experience (UX), visual design (UI), creativity, and digital content.
The current Opentrends management team will lead the area from the operation dedicated to developing advanced applications in the cloud, which will have a team of more than 500 professionals. Likewise, based on the data at the end of 2021, the aggregate annual revenue of the new unit exceeds 49.9 million USD.
In the words of Josep Benito, CEO of SEIDOR, "the integration of the Opentrends management team and consultants in SEIDOR allows us to continue driving our growth in specialized areas, such as the development of cloud applications and digital transformation, offering customers the best technology services in the market, as well as strengthening our international capillarity, thanks to our direct presence in India and the USA."
For his part, Xavier Buscallà, CEO of Opentrends Inc. and director of SEIDOR's new business unit, said that "our integration into SEIDOR realizes prime opportunity to grow our business and provide higher value to our current and new clientele, with a focus on application architecture and the transformation of solutions in the cloud." "This merger recognizes our successful track record and will also accelerate the professional development of both Opentrends and SEIDOR teams," Buscallà added.
With this deal, SEIDOR continues strengthening its partnership with Opentrends' main international technology providers, such as AWS, Google Cloud, Microsoft, Adobe, Liferay, and Drupal.
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