Edinburgh-based mobile app and digital development company, xDesign, has bought fellow digital consultancy firm Bemo, which is headquartered at CodeBase, for an undisclosed sum.
The deal marks xDesign’s first-ever acquisition and adds a whole swathe of high profile clients to the company’s already impressive client database.
xDesign already includes PayPal, Heineken, Edinburgh Airport, Menzies Aviation, Rothschild and MoneySuperMarket among its clients.
Bemo brings with it PwC, Tesco Bank, Sainsbury’s Bank, STV, the BBC and its team of ten, including CEO Matt Farrugia. The new additions to xDesign will see the company’s headcount climb to more than 60 members of staff.
Founded in 2010, xDesign is a high-growth firm that is on track to achieve a three-fold increase in revenue in 2020 to more than £6 million, and is aiming to reach more than £10m in revenue and a headcount of 100-plus by 2022.
Euan Andrews, CEO and founder, xDesign, said: “We have experienced an exceptional phase of organic growth over the last couple of years and the Bemo deal enables us to grow even quicker.
“It’s a great business with fantastic people and we’re excited about the journey ahead to build a team with over 100 highly skilled digital specialists right here in Scotland.”
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Ben Hutton, xDesign’s MD, said: “Our business is in a period of rapid growth and we need people of the utmost skill and quality, so the opportunity to acquire a business full of people who share the same drive as we do was an opportunity we couldn’t pass up.”
Matt Farrugia, Bemo’s founder, said: “I know that xDesign will invest in the people and clients of Bemo and that the combined businesses will create a bigger and more innovative company.”