Prytek’s financial services division Delta Capita has acquired JDX Consulting to establish one of the largest specialists in capital markets consulting and managed services.
With this acquisition, Delta Capita will be established as a key force in global managed services and consulting at capital markets, leveraging its bank as a “one bank” infrastructure platform for its services.
The acquisition is part of a $500m (£369.4m) capital allocation to accelerate the construction and deployment of a one-bank infrastructure platform.
"We continue to listen to our clients, and this acquisition allows us to take on globally significant consulting and managed service engagements at scale,” said Joe Channer, CEO of Delta Capita Group. “We recognise JDX's expertise in its successful resource augmentation business across financial services, and in particular, capital markets, and I am delighted that the team joining us will allow Delta Capita to offer an enhanced capability to our clients.”
JDX is a global resource augmentation and consulting business headquartered in the UK, and its established presence in both the US and APAC provides Delta Capita with stronger capabilities in these regions. The merged company will have a comprehensive product and service offering as well as an enhanced UK and EU footprint.
Clients will also benefit from global expansion across complementary consulting services, technology and managed services, both firms said.
"I am delighted by the combination of JDX and Delta Capita and believe the combined firm now has the people, technology and solutions to much better address our clients' needs, “added Jonathan Davies, CEO of JDX. “There are also considerable benefits for our staff in being part of what will now be a larger and more diversified organisation."
With revenues of $130m (£96m) and more than 1,100 professional staff, Delta Capita’s acquisition of JDX Consulting is the third acquisition completed by the group in the last 15 months.