Gen-i has agreed to sell Davanti Consulting to Davanti principal consultants Justin Hamilton, Matt Farrar and Robert Carter through a management buyout.
Davanti will continue to operate from Gen-i’s premises in Auckland and Wellington, according to Gen-i.
“It makes sense for both Davanti and Gen-i to move this part of our business to independent ownership," Gen-i CEO Tim Miles says in a statement. "Davanti is a great business, developed from the ground up by some very talented people. It’s fitting that they will now own the business they have built so successfully. Gen-i will continue to partner with Davanti to leverage their expertise for the benefit of our clients.”
“Having established the Davanti business nearly six years ago, we are genuinely excited by the opportunity to lead the business forward to the next stage of growth," says Davanti principal consultant Robert Carter.
Davanti was founded in 2007 and has grown to employ 80 consultants in its New Zealand business. The company says it provides strategic advice, business transformation, industry knowledge, and the design and delivery of cloud-based applications.