Endava plc

Overview

Endava plc was founded in 2000 by John Cotterell in London, initially operating as a software development and IT services company. Over two decades, it expanded from a consultancy into a publicly traded entity that also maintains an investment arm focused on technology and financial services. The firm targets enterprise software and financial services sectors, deploying capital through direct investments and co-investments alongside technology partners. Known portfolio positions include investments in digital transformation platforms and fintech infrastructure companies, spread across Europe and North America. Endava's investment team typically seeks majority or significant minority stakes. Endava went public on the New York Stock Exchange in 2018, raising approximately $100 million in its IPO. The firm also operates a venture capital arm, Endava Ventures, which makes minority investments in early-stage technology companies. As of 2024, Endava has over 12,000 employees globally, with additional offices in Romania, Germany, and the United States. A structural differentiator is Endava's hybrid model — it operates both as an IT services company and an investment vehicle, allowing it to source proprietary deal flow from its consulting relationships. This dual structure gives it access to companies that may become future acquisition targets or strategic partners.