Quantiphi, a US-headquartered digital product engineering company, has acquired Candyspace, a UK-based digital product development and customer experience specialist. TH Global Capital provided buy-side M&A advisory to the deal.
Founded in 2013 and headquartered in the Greater Boston area, Quantiphi is an AI-first digital engineering company that designs and deploys cloud, data, and artificial intelligence solutions to drive enterprise transformation. The company, which also has offices and delivery centres in the US, UK, Netherlands, Singapore and India, serves clients across industries including healthcare, financial services, consumer goods, and technology.
The acquisition of Candyspace expands Quantiphi’s presence in the UK and European markets, adding a team of around 90 employees.
Based in London, Candyspace is a digital product development and customer experience specialist focused on creating customer-centric digital solutions for brands. The company partners with clients to design, build, and optimise digital products that enhance user engagement and drive growth through technology and user-centred design.
Candyspace offers capabilities across web development, mobile applications, e-commerce solutions, and digital optimisation services for clients across sectors including media, automotive, manufacturing, and technology.
“We are witnessing one of the most profound transformations in computing history,” said Quantiphi Co-Founder Reghu Hariharan. “Computers can now perceive and understand our world in ways once unimaginable. Bringing together our capabilities, we are not just advancing technology – we are humanizing AI. We are shaping a new paradigm where intelligence is expressed through experiences that feel intuitive, empathetic and deeply personal — systems that truly understand, anticipate and inspire.”
Matt Simpson, Managing Director at Candyspace, added: “Joining forces with Quantiphi at this pivotal moment fills us with extraordinary excitement. Our passion has always been to build digital products that are loved by users and drive business outcomes for our clients. With Quantiphi’s AI capabilities, we can now create experiences that were once impossible – products that see, learn and respond in real time.”
The dealmaker: TH Global Capital
TH Global Capital, a global investment bank, acted as the exclusive financial advisor to Quantiphi.
Vivek Subramanyam, Founder and CEO of TH Global Capital, said: “We are delighted to have advised Quantiphi on its acquisition of Candyspace. This transaction represents a strong strategic fit, bringing together Quantiphi’s leadership in AI-driven digital engineering with Candyspace’s expertise in digital product development and customer experience. The combination creates significant synergies and strengthens Quantiphi’s ability to deliver innovative, end-to-end digital transformation solutions to global clients. We wish both teams continued success in their next phase of growth.”
Pablo Jorge, President at TH Global Capital, added: “Congratulations to the Quantiphi and Candyspace teams on this exciting milestone. Candyspace has built a strong reputation in digital product development and customer experience, with differentiated capabilities across native app development, UX consulting, and digital engineering. Combined with Quantiphi’s leadership in AI, data, and cloud technologies, this partnership creates a powerful platform to deliver next-generation digital transformation solutions to global enterprises.”
Reflecting on the collaboration with TH Global Capital, Dipen Shah, Corporate Development Head at Quantiphi, said: “TH Global Capital was a vital and highly effective partner in our successful acquisition of Candyspace. They quickly grasped our strategic vision, precisely identifying the ideal target company that aligned with our long-term goals and significantly accelerating the timeline.”
“They provided invaluable insights throughout the process, from the initial strategic assessment and valuation through the final negotiations. The team expertly managed the due diligence process while consistently maintaining clear alignment and focus among all stakeholders. We are extremely satisfied with the outcome and the support provided by TH Global Capital.”
Source link
#Global #Capital #advises #Quantiphi #acquisition #UKbased #Candyspace
