Analysis of investment in Agile Methodologies. Indra buys Paradigma.

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Integral service around a transaction
BY : Diego GutiérrezJanuary Thu, 2018

Learn about the most important rounds that have taken place in the Agile Methodologies sector, which seeks to accelerate the processes of organisations through digital transformation. We also analyse the purchase of Paradigma, specialised in Agile Methodologies, by Indra.

Learn about the most important rounds that have taken place in the Agile Methodologies sector, which seeks to accelerate the processes of organisations through digital transformation. We also analyse the purchase of Paradigma, specialised in Agile Methodologies, by Indra.

About Paradigma Digital

Digital Paradigm is a company specialising in the development of solutions aimed at helping large companies in their digital transformation process, through the best technologies and agile working methodologies.

Founded in 2007 with headquarters in Pozuelo de Alarcón (Madrid), Paradigma has more than 400 employees specialised in Digital Strategy, Velocity Development, UX, Big Data, Cloud and Digital Culture. Its objective is to provide 360º technological solutions to solve the business needs of its clients using technology as a catalyst.

The company specialises in the following areas: Digital Strategy, Velocity Development, Customer Experience, AI & Big Data, and Cloud.

Paradigma currently has clients such as Amazon, Telefónica, Vodafone, BBVA, Atresmedia and Banco Santander, among others. Its latest projects include the design and development of Tuenti for Latin America or the end-to-end technology solution for LowiVodafone's low-cost virtual network operator.


Corporate Finance Analysis of Paradigma Digital

Virtusa CorporationVirtusa Corporation is a global provider of IT consulting and outsourcing services that accelerate business processes for Global 2000 companies and leading software providers in banking and financial services, insurance, healthcare, telecommunications, technology and media & entertainment.USA$108M
BizagiBizagi (from 'business agility') is a company specialising in the development of Business Process Management (BPM) software.United Kingdom$48M
SkytapSkytap Cloud accelerates business innovation by modernising traditional applications with cloud-native development and services.USA$45M
QASymphonyQASymphony's QTest platform helps companies build better software by improving speed, efficiency, collaboration and analysis during the testing process.USA$40M
UiPathUiPath's technology enables companies to develop an agile digital workforce through a state-of-the-art Robotic Process Automation platform.Romania$30M


About Indra

Indra is a leading global technology and consulting company, a world-leading provider of proprietary solutions in specific segments of the Transport and Defence markets, and the leading Information Technology company in Spain and Latin America.

The company, headquartered in Alcobendas (Madrid), offers a comprehensive range of proprietary solutions and advanced, high value-added services in technology, and is a world leader in the development of comprehensive technological solutions in fields such as Defence and Security; Transport and Traffic; Energy and Industry; Telecommunications and Media; Financial Services; Electoral Processes; and Public Administrations and Healthcare. Through its Minsait unit, Indra also offers solutions to support companies in their digital transformation processes.

In 2016, Indra had revenues of €2,709M, with a workforce of 34,000 employees, local presence in 46 countries and commercial operations in more than 140 countries. Following the acquisition of Tecnocom, Indra has combined revenues of more than €3,200M in 2016 and a team of close to 40,000 professionals.


Indra Corporate Finance Analysis

Valuation Multiples 2016
Enterprise Value (EV)2.231.089


Indra Valuation Multiples

Bakwena Platinum CorridorCofides sells its 25% stake in Bakwena Platinum Corridor for €105M. The fund entered this company in 2001 through FIEX with an investment of €16.6M and has therefore realised a capital gain of €88.45M on the divestment.

Bakwena Platinum Corridor is engaged in the design, construction, financing, operation and maintenance of the Platinum Toll Road in South Africa.
South Africa2010€105M
South East U.P. Power TransmissionCofides acquires 18% of the shareholding of the Indian company South East U.P. Power Transmission from the Spanish Isolux Corsán. The transaction could amount to €30 million.

South East U.P. Power Transmission, is engaged in the construction, operation and maintenance of various power transmission lines in India.

In parallel to this agreement, Cofides will finance with €15M the international expansion of Isolux Corsán's transmission line concessions division.
ATE III Transmissora de EnergiaCofides, through its foreign investment fund FIEX, acquires a 21% of the Brazilian company ATE III Transmisora de Energía from Abengoa for €29M.Brazil2011€29M
Autopista del NorteCofides acquires 30% of the capital of the concession company Autopista del Norte from OHL Concesiones for €25M.

Autopista del Norte is a company developing the Red Vial N°4 project in Peru, with a total investment of more than €280 million.
Autopista Urbana NorteCofides acquires 12% of the share capital of Autopista Urbana Norte from OHL Mexico, for €25M.

Cofides' entry into the motorway is articulated by means of structured financing, so that it will pay out its contribution as and when the funds are needed for the development of the concession.


Indra to acquire Paradigma Digital for €70M

Indra, a leading global technology and consulting company, has acquired agile consulting firm Paradigma for €70M.

Paradigma completes the value proposition of Minsait, Indra's digital transformation business unit, reinforcing its capabilities in the 'digital native' area, based on the majority use of agile work methodologies, customised developments on open software and the adoption of advanced cloud architectures.

Minsait and Paradigma offer a comprehensive digital transformation service for companies and institutions, integrating the business and digital dimensions and the provision of services and products.


Agile Methodologies investment rounds in Europe in 2017


CompanyDescriptionInverter LeadAmount
TelxiusTelxius is a provider of telecommunications infrastructure services in Europe and the Americas.KKR & Co.€1.275M
CabifyCabify is a ridesharing company operating in Latin America, Spain and Portugal.Rakuten Capital$100M
GlovoGlovo is a company dedicated to the delivery of all kinds of products in just a few minutes.Rakuten Capital€30M

Typeform is a cloud-based application that allows users to create and answer surveys and other types of forms on any device.General Atlantic$35M
CornerJobUiPath's technology enables companies to develop an agile digital workforce through a state-of-the-art Robotic Process Automation platform.Northzone$19M
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