The HTEC Group acquires Momentum Design Lab

SAN FRANCISCO, November 18, 2021 (GLOBE NEWSWIRE) – HTEC Group, the global consulting, software engineering and digital product development company founded in Serbia, today announces the acquisition of Momentum Design Lab, a design by Silicon Valley studio’s award-winning products.

The acquisition, which will further strengthen HTEC’s product design capabilities as well as its core engineering offering, means the company now employs more than 1,000 people globally in its offices in the US, UK. United, the Netherlands, Sweden and Slovenia. Since its inception in 2008, as a start-up of Belgrade University’s business technology incubator, the company has grown from 250 employees in four development centers in early 2020 to over 1,000 full-time employees. spread over twelve sites in six South-Eastern European countries.

Momentum will help HTEC create digital products that transform industries and businesses and improve the lives of people around the world. Momentum’s client list ranges from 40 Fortune 500 companies to exciting start-ups. The company has propelled its technology clients to generate more than $ 41 billion in output or valuation.

Founded in 2002, Momentum Design Lab is a pioneer in UX, CX, and product design. Ranked as the world’s best UX agency on the B2B Clutch search platform for five years in a row, the company operates from four offices around the world: Silicon Valley, New York, London and Sydney. Momentum’s industry expertise covers key areas such as financial services, healthcare, advanced technology, media and entertainment, enterprise software and consumer products, complementing existing engineering skills. of HTEC in these areas.

“I am delighted to welcome Momentum to our growing team. At Momentum, we have found values ​​and a culture that match our own: a desire for continuous learning and professional growth, an excellent reputation with existing clients, and a clear passion for excellence when building designing digital platforms and products that matter. By merging the best technological talents from our engineering centers in Europe with this Silicon Valley mindset of innovation and product design, we are well positioned to offer comprehensive digital product development and digitization services. to the best companies in the world. We will continue to seek out companies that share our values ​​and culture, as part of our broader growth strategy and our goal of becoming the first company in Serbia to go public on the NYSE. »Commented, Aleksandar Cabrilo, CEO of the HTEC group.

Momentum Founder David Thomson commented, “We have blended technology, empathy and imagination in our pursuit of product value and have been looking for the right partner to help us evolve our capabilities for several years. . As a company that invents what is possible for our customers, it was important to find a partner who combined our design expertise and customer base with world-class technological talent. HTEC’s in-depth technical knowledge has exceeded our expectations and we are delighted to join forces to create disruptive products, drive innovation and transform the way business is done from the inside out.

About the HTEC Group

HTEC Group is a global consulting, software engineering, and digital product development company that provides the world’s top tech companies, startups, enterprises and Fortune 500 companies with insight into innovative product design and services from around the world. sophisticated engineering. With its head office in San Francisco and local offices in the United States, United Kingdom, Netherlands, Sweden and Slovenia, as well as 12 technology development centers throughout South Eastern Europe, HTEC is well positioned to deliver sophisticated digital products and platforms in areas such as healthcare. , Retail, Transport and mobility, Logistics, FinTech, Green energy, Media and Deep Technology.

About Momentum

Momentum is a Silicon Valley design studio headquartered in San Mateo, with offices in New York, London and Sydney. The company provides technology-driven, design thinking-based services in the areas of digital product innovation, customer experience management and digital transformation for which it has been ranked # 1 worldwide. UX agencies on for 5 consecutive years. Its clients range from startups to Fortune 100 companies.

For media inquiries, please contact Jovana Osterday, HTEC PR Manager, [email protected]

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