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NEWARK, Calif. - Concentrix Corporation (NASDAQ:CNXC), a $3.28 billion market cap company with robust revenue growth of 11.31% over the last twelve months, announced Wednesday it has acquired SAI Digital, an end-to-end digital commerce and customer experience technology solutions company, as part of its strategy to strengthen its presence in the Asia Pacific region.
The acquisition establishes Vietnam as a strategic hub for Concentrix to deliver technology solutions for global brands. SAI Digital specializes in designing, building, and operating scalable e-commerce and technology platforms, according to the company’s press release. InvestingPro data shows Concentrix maintains strong liquidity with a current ratio of 1.61, suggesting solid financial positioning for strategic expansions.
SAI Digital brings established partnerships with digital commerce and customer experience technology providers, along with proprietary AI solutions. The company currently serves clients across Japan, Korea, Singapore and other APAC markets from its Vietnam delivery center.
"By expanding in Vietnam, we’re strengthening our ability to deliver world-class technology and end-to-end solutions at speed and scale across APAC," said Chris Caldwell, President and CEO of Concentrix.
Suhas Hiwale, CEO of SAI Digital, stated, "This is an exciting chapter in the SAI Digital journey and together we will bring greater benefits to our clients, faster."
The financial terms of the transaction were not disclosed.
Concentrix, a Fortune 500 company, provides technology and services solutions to over 2,000 clients globally across 70+ markets. The company reported that it has experienced strong growth in the APAC region and expects this acquisition to accelerate that momentum. According to InvestingPro analysis, the stock appears undervalued at its current price of $51.97, with analysts projecting continued profitability this year. For detailed insights and more exclusive tips about Concentrix, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Concentrix Corporation reported its second-quarter earnings for 2025, showing mixed results. The company posted earnings per share (EPS) of $2.70, which did not meet analysts’ expectations of $2.78. However, Concentrix’s revenue reached $2.42 billion, surpassing the forecasted $2.38 billion. Additionally, Concentrix launched new features in its iX Hero product, part of its Intelligent Experience suite. The updated offering includes Harmony, which enhances speech patterns for clearer pronunciation, and Clarity, providing background noise suppression for customer interactions. These developments reflect Concentrix’s ongoing efforts to enhance customer experience through innovative technology.
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