Evolve Holdings Expands with Acquisition of Secret Source Technology

Deal News | May 23, 2025 | B Daily

Evolve Holdings, a technology firm based in Ratby, near Leicester, has announced its acquisition of Spanish software developer Secret Source Technology SL. The deal is set to expand Evolve Holdings' European presence and enhance value for its clients by integrating Secret Source's capabilities, known for providing nearshore development services. Founded in 2018, Evolve Holdings encompasses Evolve IT Consulting and Evolve Dev, offering digital, IT consultancy, and software development support. Secret Source, operating from Las Palmas, is noted for its capacity to scale businesses' technical capabilities. The acquisition unites two companies with shared values centered on people and wellbeing in software development. Colette Wyatt, CEO of Evolve Holdings, and Richard Clarke, founder of Secret Source, express enthusiasm about the merger and the growth potential it holds for their Spanish operations.

Sectors

Technology
IT Consultancy
Software Development

Geography

United Kingdom – Evolve Holdings is headquartered in Ratby, near Leicester, making the UK a significant geography in the article.
Spain – Secret Source Technology SL is based in Las Palmas, Spain, making Spain a central focus in the article's geographical context.

Industry

Technology – The acquisition involves Evolve Holdings, a technology company, and Secret Source Technology SL, a software developer, indicating the article's relevance to the Technology industry.
IT Consultancy – Evolve Holdings provides digital and IT consultancy services, a significant focus of the article, enhancing its classification in the IT Consultancy sector.
Software Development – The article discusses the acquisition of a software development company, Secret Source Technology, highlighting its relation to the Software Development industry.

Financials

Participants

Name	Role	Type	Description
Evolve Holdings	Purchaser	Company	A technology firm providing digital, IT consultancy, and software development support. Based in Ratby, near Leicester.
Secret Source Technology SL	Target	Company	A Spanish software developer known for its nearshore development services, headquartered in Las Palmas.
Colette Wyatt	CEO of Evolve Holdings	Person	Chief Executive Officer of Evolve Holdings, involved in announcing the acquisition.
Richard Clarke	Founder of Secret Source Technology SL	Person	Founder of Secret Source Technology SL, part of the announcement regarding the acquisition.