TH_NK acquired by American software firm

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TH_NK has been acquired by for an undisclosed sum by US software company, EPAM.

The agency has offices in Newcastle and Liverpool and it will become part of EPAM’s Consulting and Digital Engagement Practices, to strengthen its offering in the UK and Europe.

“Becoming a part of EPAM, which in our view, is one of the leading engineering businesses in the world, gives us an opportunity to deliver radically different solutions and more impactful experiences to our customers. EPAM is combining its engineering excellence with world-class creative, business and customer focused thinking, and we are thrilled to be part of that journey,” said Tarek Nseir, founding partner of TH_NK and co-president of the British Interactive Media Association (BIMA).

“For the last 15 years, we have built an exceptional team that prides itself on delivering truly game-changing strategies in collaboration with our global clients. The next wave of technology change requires a breadth of data, emerging technology and scaled engineering capability that few can genuinely attain. This is a unique opportunity for us to not only think big, but deliver big too. We can’t wait to get started.”

TH_NK was founded in 2004 and within 8 years it was turning over in excess of £10m, with almost 100 employees. Since then, turnover has dropped below the £6m required to submit full accounts.

“TH_NK’s collaborative, agile approach is different from traditional consultancies or agencies, and by bringing their model into EPAM, we can meet our customers’ demand for business and design-led consulting, creative thinking, digital platform innovation expertise, and the ability to deliver everything they need at speed and scale,” added Jason Harman, co-head global business, SVP, EPAM.

EPAM already has a presence in the North of England, following its acquisition of Great Fridays in 2014.

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