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At a Glance
Tacit Knowledge has been bought by Grid Dynamics Holdings Inc. Tacit Knowledge is a prominent provider of end-to-end digital commerce solutions worldwide. Grid Dynamics aids in digital transformation. As part of the acquisition, Tacit Knowledge’s whole workforce of approximately 180 people from the United Kingdom, Mexico, Moldova, and the United States, including senior management, will join Grid Dynamics.
Grid Dynamics delivers omnichannel customer experience, big data analytics, search, artificial intelligence, cloud migration, and application modernization consultancy and implementation services. It is a leader in digital transformation at the corporate level.
Tacit Knowledge, founded in 2002, is a global digital commerce solutions supplier with clients in the United Kingdom, North America, Continental Europe, and Asia. Visa, LVMH, and Shimano are among the company’s main clients in the technology, consumer packaged goods, financial, and retail areas.
Tacit Knowledge’s complete team of over 180 individuals from the UK, Mexico, Moldova, and the United States, including senior management, will join Grid Dynamics as part of the acquisition. Grid Dynamics’ cash reserves were used to fund the transaction.
We are pleased to welcome Tacit Knowledge to the Grid Dynamics family. Tacit Knowledge has consistently demonstrated values that are well aligned with those of Grid Dynamics. They excel at consulting for top global brands, differentiate through a focus on digital transformation, and consistently deliver the highest level of quality.Leonard Livschitz, CEO, Grid Dynamics
He added that Grid Dynamics’ and Tacit Knowledge’s locations are complementary, allowing them to extend their capabilities and serve additional clients from nearshore locations.
James Bullock, General Manager, Tacit Knowledge, said, “We believe that Grid Dynamics is a terrific partner for Tacit Knowledge. They have the scale and reputation for dealing with the Fortune 500, and even more importantly, Grid Dynamics has a comprehensive understanding of the digital commerce space. We are excited to become a part of the larger family and look forward to this new stage of growth.”