Concentrix Corporation acquires SAI Digital to enhance digital commerce and customer experience capabilities in Vietnam and APAC.
Quiver AI Summary
Concentrix Corporation announced its acquisition of SAI Digital, a digital commerce and customer experience technology solutions company, to strengthen its presence in Vietnam and enhance its capabilities in the Asia Pacific region. SAI Digital is known for its expertise in e-commerce, technology solutions, and its proprietary AI suite, which supports clients across several APAC countries. This acquisition will allow Concentrix to integrate SAI Digital’s resources, boosting its digital and AI capabilities to deliver superior e-commerce performance and customer experiences. Both companies' leaders emphasized the importance of this partnership in providing value to clients and facilitating faster innovation and smarter operations.
Potential Positives
- Concentrix's acquisition of SAI Digital enhances its capabilities in digital commerce and customer experience, strengthening its position in the competitive APAC market.
- The integration of SAI Digital's proprietary AI solution suite is expected to accelerate Concentrix's growth and improve e-commerce performance for its clients.
- This move deepens Concentrix's regional expertise and expands its delivery capabilities, positioning the company to better support clients in key APAC markets.
- The acquisition highlights Concentrix's commitment to innovation and providing enhanced value to its clients, aligning with market demands for advanced technology solutions.
Potential Negatives
- Terms of the acquisition were not disclosed, which may raise concerns about the financial implications and valuation of the deal.
- The forward-looking statements disclose significant risks and uncertainties regarding the integration of SAI Digital and the execution of Concentrix's strategy, potentially indicating challenges ahead.
- Press release emphasizes the potential benefits of the acquisition but does not provide concrete data or evidence to support those claims, which may lead to skepticism among stakeholders.
FAQ
What is the recent acquisition announced by Concentrix?
Concentrix has announced the acquisition of SAI Digital, enhancing its digital commerce and customer experience solutions.
How does SAI Digital enhance Concentrix’s capabilities?
SAI Digital brings expertise in e-commerce and customer experience technology, including a proprietary AI solution suite.
Why is Vietnam significant for Concentrix's strategy?
Vietnam serves as a strategic hub for Concentrix, bolstering its presence and innovation in the Asia Pacific region.
What impact will the acquisition have on Concentrix clients?
The acquisition will enhance offerings and solutions, improving e-commerce performance and customer experience for clients.
Who commented on the strategic importance of this acquisition?
Chris Caldwell, President and CEO of Concentrix, emphasized that the acquisition creates more value for clients and accelerates innovation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CNXC Insider Trading Activity
$CNXC insiders have traded $CNXC stock on the open market 16 times in the past 6 months. Of those trades, 1 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $CNXC stock by insiders over the last 6 months:
- OLIVIER DUHA has made 0 purchases and 10 sales selling 108,843 shares for an estimated $5,274,970.
- CORMAC J TWOMEY (EVP, Global Ops & Delivery) has made 0 purchases and 5 sales selling 2,500 shares for an estimated $135,615.
- CHRISTOPHER A CALDWELL (President and CEO) purchased 1,000 shares for an estimated $46,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CNXC Hedge Fund Activity
We have seen 169 institutional investors add shares of $CNXC stock to their portfolio, and 203 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AQR CAPITAL MANAGEMENT LLC added 875,556 shares (+25.5%) to their portfolio in Q2 2025, for an estimated $46,277,512
- DIMENSIONAL FUND ADVISORS LP added 552,890 shares (+51.0%) to their portfolio in Q2 2025, for an estimated $29,223,000
- DEPRINCE RACE & ZOLLO INC removed 501,339 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $26,498,272
- CAUSEWAY CAPITAL MANAGEMENT LLC removed 409,812 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $22,801,939
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 381,497 shares (+247.2%) to their portfolio in Q2 2025, for an estimated $20,164,023
- CAPITAL MANAGEMENT CORP /VA added 325,993 shares (+inf%) to their portfolio in Q2 2025, for an estimated $17,230,360
- ALYESKA INVESTMENT GROUP, L.P. removed 292,091 shares (-56.7%) from their portfolio in Q2 2025, for an estimated $15,438,469
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CNXC Analyst Ratings
Wall Street analysts have issued reports on $CNXC in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Canaccord Genuity issued a "Buy" rating on 06/30/2025
- Barrington Research issued a "Outperform" rating on 06/27/2025
- Baird issued a "Outperform" rating on 06/26/2025
To track analyst ratings and price targets for $CNXC, check out Quiver Quantitative's $CNXC forecast page.
$CNXC Price Targets
Multiple analysts have issued price targets for $CNXC recently. We have seen 4 analysts offer price targets for $CNXC in the last 6 months, with a median target of $67.0.
Here are some recent targets:
- Joseph Vafi from Canaccord Genuity set a target price of $80.0 on 06/30/2025
- Ruplu Bhattacharya from B of A Securities set a target price of $61.0 on 06/27/2025
- Vincent Colicchio from Barrington Research set a target price of $62.0 on 06/27/2025
- David Koning from Baird set a target price of $72.0 on 06/26/2025
Full Release
NEWARK, Calif., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced its acquisition of SAI Digital— an end-to-end digital commerce and customer experience (CX) technology solutions company— scaling its presence in Vietnam as a strategic hub to deliver innovation and intelligent experiences for global brands.
SAI Digital brings deep expertise in e-commerce and technology solutions—designing, building, and running platforms that scale. It has strategic partnerships with leading technology providers in digital commerce and CX, complemented by a proprietary AI solution suite to accelerate online businesses. The company has a strong presence in the Asia Pacific (APAC) region and an established delivery center in Vietnam that supports clients across Japan, Korea, Singapore and more.
By integrating SAI Digital into its APAC business, Concentrix is boosting its digital and AI capabilities across digital commerce and customer experience. The move deepens its regional expertise in technology, AI, and marketing, providing Concentrix clients with enhanced offerings and intelligent solutions to optimize e-commerce performance, elevate customer experiences, and fuel digital growth. Concentrix has seen strong growth in the APAC region and bringing SAI Digital on board is expected to accelerate that momentum even further.
“This acquisition isn’t just about adding new capabilities—it’s about creating more value for our clients.” said Chris Caldwell, President and CEO, Concentrix. “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. It positions us to help our clients innovate faster, run smarter, and power the intelligent experiences their customers expect.”
“This is an exciting chapter in the SAI Digital journey and together we will bring greater benefits to our clients, faster.” said Suhas Hiwale, CEO, SAI Digital. “Our vision has always been to empower brands to reshape the present, so they can confidently lead the future, and as our long-term partner, we knew that Concentrix was the right choice to accelerate that vision.”
Terms of the transaction were not disclosed.
About us: Powering a World That Works
Concentrix Corporation (NASDAQ: CNXC), a Fortune 500® company, is the global technology and services leader that powers the world’s best brands, today and into the future. We’re solution-focused, tech-powered, intelligence-fueled. Every day, we design, build, and run fully integrated, end-to-end solutions at speed and scale across the entire enterprise, helping over 2,000 clients solve their toughest business challenges. With unique data and insights, deep industry expertise, and advanced technology solutions, we’re the intelligent transformation partner that powers a world that works, helping companies become refreshingly simple to work, interact, and transact with. Delivering outcomes unimagined across every major vertical in 70+ markets. Virtually everywhere. Visit concentrix.com to learn more.
Media Contact:
Marketing & Communications
Concentrix Corporation
[email protected]
From Fortune. ©2025 Fortune Media (USA) Corporation. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media (USA) Corporation and are used under license. Fortune and Fortune Media (USA) Corporation are not affiliated with, and do not endorse products or services of, Concentrix.
Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the company’s and SAI Digital’s capabilities, the company’s growth in APAC, the potential benefits associated with use of the company’s and SAI Digital’s AI and other solutions, including e-commerce performance, customer experience and digital growth, and statements that include words such as believe, expect, may, will, provide, could and should and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things, risk related to the ability to successfully integrate the SAI Digital business, risks related to general economic conditions, risks related to the company’s ability to successfully execute its strategy, competitive conditions in the company’s industry, and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2023 filed with the Securities and Exchange Commission and subsequent SEC filings. We do not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.
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