xDesign, an award-winning mobile app and digital development company, has acquired mobile apps and web developer Bemo – marking xDesign’s first acquisition to date.
Founded in 2010 by CEO Euan Andrews, xDesign is one of Scotland’s fastest-growing digital services scale-ups and counts Heineken, PayPal, Menzies Aviation, Edinburgh Airport, Rothschild and MoneySuperMarket among its client base.
The acquisition of Bemo, also founded in 2010, sees Bemo’s team of 10 including CEO Matt Farrugia join xDesign whose headcount now totals over 60. Bemo clients included PwC, Tesco Bank, Sainsbury’s Bank, STV and the BBC.
xDesign – which consults on, designs and engineers digital solutions for web and mobile – is on track to achieve a three-fold increase in revenue in 2020 to over £6 million and is aiming to reach over £10 million in revenue and a headcount of over 100 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.”
Ben Hutton, xDesign’s Managing Director, said: “xDesign’s acquisition of Bemo allows two decade-old businesses to combine their experience and serve our combined clients even better. 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: “Both businesses have spent the last ten years focussing on providing the highest quality teams and solutions to our clients. 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.”
xDesign has also further strengthened its management team with the appointment of Russell Henderson, a key figure in the Scottish technology scene as its Head of Commercial Services. Russell will work alongside xDesign’s leadership team to support the delivery of services to existing and new clients and industry sectors.