Publicis Acquires Software Engineering Firm Tremend – Branding in Asia Magazine – Branding in Asia Magazine
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Publicis announced the acquisition of Tremend, one of the largest independent software engineering companies in Central and Eastern Europe.
Based in Bucharest, Romania, Tremend was founded in 2005 Tremend currently reaches 60 million of its clients’ end users and will serve as a global delivery center for Publicis Sapient. It’s current client roster includes companies such as Carrefour, ING and Orange. Tremend has a 650 strong software engineering staff.
“We’re impressed with the Tremend team’s vision, the breadth of its skillset and capabilities around agile engineering and its deep industry expertise. Bringing Tremend into Publicis Sapient is a powerful expansion of our global distributed delivery model and we expect to rapidly grow headcount to 2,500 people by 2025 as well as our geographic footprint in the region,” said Nigel Vaz, CEO of Publicis Sapient.
“We’re also excited by the strong cultural match between the two organizations and look forward to driving even more client impact together.”
The transaction remains subject to approvals by the relevant competition authority.
“At Tremend, our purpose has always been to engineer the best products through our amazing team for our partners and to better manage disruptions, accelerate growth and add new value to their brands in today’s rapidly changing world,” said Tremend founders Ioan Cocan and Marius Hanganu. “Joining forces with Publicis Sapient will help propel our combined organization forward during a time when our clients are calling upon us for some of the most important and challenging initiatives to date.”
“In a context of growing demand for digital business transformation, Publicis Groupe is scaling its expertise in Europe to better serve its clients and help them win in commerce. The addition of Tremend will expand Publicis Sapient’s agile engineering capabilities and diversify its geographic footprint. After the innovative joint venture launched with SCB in December in South East Asia, this is a new step in the international expansion of Publicis Sapient,” said Arthur Sadoun, Chairman and CEO of Publicis Groupe.
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