Livingstone has acted as the exclusive financial advisor to the owners of TIQQE AB (”TIQQE”) on its sale to London based Qodea, a portfolio company of Marlin Equity Partners. Through the sale, TIQQE gains additional strength to continue its growth journey and expand its geographical reach, while contributing significant value to Qodea’s existing offering and customer base through its proven capabilities and extensive technical know-how.
Founded in 2018, TIQQE AB is a cloud technology consultancy firm specialized in modern software engineering, automation, and DevOps. Since its inception, the company has built a strong reputation for getting complex solutions into production quickly and reliably. By delivering blended teams, enabled through its long-standing partnership with Philippine based sub-consultants, TIQQE creates long-term efficiencies throughout its customers’ digital transformation journeys.
” The acquisition of TIQQE marks a step change in our ability to deliver at pace for customers. In conversations with their long-term clients, two things stood out. First, TIQQE has consistently proven it can take complex solutions to production quickly and at scale. Second, the agentic AI tools, processes and distributed delivery model they have built in-house are driving real efficiency and speed in delivery. Both capabilities will add significant value across Qodea and for our customers. We’re excited to bring them into the group and to see that value realised as quickly as possible.”, says Alan Paton, CEO of Qodea.
The acquisition of TIQQE expands Qodea’s established client base in Europe into the Nordic region, and unlocks a distributed engineering capability in the Philippines, which has helped to deliver complex solutions into production at pace for customers such as PostNord, Svenska Retursystem, ByggMax and Zaplox.
” The energy behind Qodea’s growth strategy is infectious, and we’re thrilled to be part of it. By joining forces, we can bring Qodea’s complementary services and frontier expertise, from cybersecurity and managed services to experience design, to both our existing and new customers. It’s an exciting next chapter for TIQQE, our people and our customers.”, says Joakim Restadh, Chairman of the board and co-owner at TIQQE.
Qodea is a London based technology group backed by Marlin Equity Partners. By combining frontier technologies such as AI, with deep expertise, Qodea helps organisations thrive through change. Qodea delivers tangible outcomes that enable their customers to work smarter, engage personally, and stay safe.
” We really want to thank Livingstone for all of their support throughout our journey. From our first meeting to a completed transaction, the team has demonstrated impressive professionalism and strong commitment. We have always felt safe and well taken care of in their hands”, says Joakim Restadh, Chairman of the board and co-owner at TIQQE.
Livingstone’s team hereby completes another transaction in the business service sector, following, among others, the sale of Volupe and FS Dynamics to Priveq, the merging of FiDo Consulting and Midagon, and the sale of PrimeQ to VIEW Ledger.
