PR94623

LONDON, Feb. 22, 2022 /PRNewswire =KYODO JBN/ --

HOLD UNTIL 22/02/2022 18:05 SYDNEY TIME

- The publicly listed B Corp is driving global expansion with raft of

acquisitions in Europe and US

    Global digital transformation consultancy Kin + Carta

[https://www.kinandcarta.com/en/]has agreed to acquire Bulgarian software

development company Melon Group and its subsidiaries, including Melon

Technologies [https://melontech.com/] and Frakton LLC [https://frakton.com/].  

The purchase comes shortly after Kin + Carta purchased the remaining 50%

interest in Loop, [https://www.loopintegration.com/who-we-are/] the

Chicago-based e-commerce consultancy.

    The acquisitions bolster Kin + Carta's pure-play digital transformation

capabilities, while expanding the service capabilities and geographic reach of

the publicly listed B Corp's purpose-driven global growth strategy.

    Melon Group is a fast-growing software engineering business with a

300-strong team of web, mobile, and data specialists working across Bulgaria,

North Macedonia and Kosovo. Its sector experience includes medtech, fintech,

banking, and human resources. It is headquartered in Sofia and led by chief

executive Krum Hadzhigeorgiev. This pan-european expansion is part of Kin +

Carta's expansion in South Eastern Europe and complements Kin + Carta Greece,

as the company looks to build a new European delivery hub.

    The acquisition is subject to clearances from the North Macedonian and

Kosovan competition authorities and will complete following these clearances,

expected to be in the second quarter of 2022.

    Kin + Carta has also purchased the remaining 50% interest in Loop, the

Chicago-based e-commerce consultancy. Full ownership of Loop strengthens Kin +

Carta's digital commerce capabilities. Loop has delivered end-to-end commerce

consultancy, integration and optimisation since 2013 in increasingly tight

alignment with Kin + Carta's core technology, data, and experience services.

This shared approach accelerates efficiency and speed to value for enterprise

clients including Southwire and Royal Caribbean.

    J Schwan, Kin + Carta CEO, said: "The acquisitions of Melon Group and Loop

mark a significant move in our ambition to scale globally and accelerate our

growth. Identifying, acquiring and integrating brilliant new businesses into

Kin + Carta broadens our reach and creates opportunities to learn from experts

in their craft. In addition, expanding our nearshore production capabilities

allow us to serve more clients, creating new jobs both onshore and nearshore.

    "Significantly, Melon's culture aligns with our own mission to build a

world that works better for everyone, as we champion responsible business as a

core tenant of our strategy."

    Krum Hadzhigeorgiev, Melon CEO, added: "Joining the Kin + Carta family

enables us to make the most of the significant surge in demand for digital

transformation as a result of the pandemic. It's an exciting time for our

sector, a time of growth. We're excited to be part of a global business, one

that is as committed as we are to building a world that works better - for

everyone."

    Kin + Carta also recently announced the intellectual property acquisition

of Octain, a responsible AI data platform. Octain provides advanced insight,

predictions, and recommendations to clients governed by socially responsible AI

principles.

    Octain will integrate into Kin + Carta's existing data and AI capabilities,

which includes the December 2020 acquisition of Portland-based data science

company Cascade Data Labs. Both purchases give Kin + Carta the ability to

quickly and accurately predict supply chain shortages, detect fraud, measure

customer retention, and accelerate data-driven decision making.

    The raft of acquisitions follow the divestments of CRM specialist Edit, and

research and insights agency Incite.

    For further information, please contact:

    Tom Ingoldby

    E: tom@velvetpr.biz

    T: +44 (0) 7825 814 634

    About Kin + Carta

    Kin + Carta is a global digital transformation consultancy committed to

working alongside our clients to build a world that works better for everyone.

    Our 1,700 stategists, engineers, and creatives around the world bring the

connective power of technology, data, and experience to the world's most

influential companies, helping them to accelerate their digital roadmap,

rapidly innovate, modernise their systems, enable their teams, and optimise for

continued growth.

    As a Certified B Corp, our triple bottom line focus on people, the planet,

and profit is at the core of everything we do. For more information, please

visit www.kinandcarta.com.

    Source: Kin + Carta