Callstack vs The Hackett Group

Apex Is Now Generally Available: Agentic Coding Model for Mobile and Web, Specialized in React

Apex is now publicly available. Built by Callstack, it brings React Native expertise to feature development, code reviews, debugging, and testing, with strong performance on Next.js tasks too.

Callstack Acquires Margelo for Over $20M

Polish software company Callstack is acquiring Vienna-based engineering firm Margelo in a deal valuing the latter at more than €20 million. Both companies specialize in React Native, a cross-platform framework for building mobile apps. Margelo is known for its open-source libraries (VisionCamera, react-native-mmkv, Nitro Modules) and contract development for clients like Discord, Coinbase, and Expensify. Callstack, founded in 2016, employs over 200 people and serves enterprise clients. The acquisition aims to expand Callstack's technology portfolio and support international growth. Founder Marc Rousavy will stay on and retain a significant stake. The deal follows a recent growth investment from Viking Global Investors that valued Callstack at around €120 million.

• Callstack is acquiring Margelo for a valuation exceeding €20 million.
• Margelo is known for open-source React Native libraries with over 420 million total npm downloads.
• Marc Rousavy will remain with the combined company as a significant shareholder.

Polish Callstack Acquires Vienna-Based React Native Firm Margelo

Polish software consultancy Callstack has acquired Vienna-based engineering firm Margelo in a transaction valuing Margelo at more than €20 million. Margelo is known for open-source React Native libraries such as Nitro Modules, VisionCamera, and react-native-mmkv, and lists Discord, Coinbase, Expensify, and VSCO as clients. Callstack, founded in 2016 in Wrocław, employs more than 200 people and serves over 100 enterprise customers. Margelo founder Marc Rousavy will remain on board and continue developing the libraries. The companies say AI is shifting software development toward architecture, performance, and secure releases. Callstack previously received a growth investment from Viking Global Investors in summer 2025, which valued the company at roughly €120 million. No closing date or regulatory approval details were disclosed.

• Callstack is acquiring Margelo, valuing the Vienna-based firm at over €20 million.
• Margelo's open-source libraries include Nitro Modules, VisionCamera, and react-native-mmkv.
• Margelo has about 39 senior developers and lists Discord, Coinbase, Expensify, and VSCO as clients.

8-K Financial Filing Analysis for The Hackett Group (2026-08-04)

On August 3, 2026, The Hackett Group, Inc. entered into a Fourth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and participating lenders. The agreement extends the maturity date of the company's revolving credit facility to August 3, 2031, and expands total borrowing capacity by $25 million to an aggregate of $125 million. As of August 3, 2026, borrowings outstanding under the facility totaled $81.0 million. The amended facility carries pricing based on consolidated leverage, with an initial applicable margin of 1.625% per annum for Term SOFR advances and 0.625% for base rate advances, alongside an initial commitment fee of 0.225% on unused commitments. Covenants require maintaining a fixed charge coverage ratio of at least 1.50:1.00 and a leverage ratio of not more than 3.50:1.00. The refinancing bolsters liquidity and extends Hackett's debt maturity profile to support ongoing operations and strategic transformation initiatives.

• Expanded revolving credit capacity from $100 million to $125 million, with $81.0 million outstanding as of August 3, 2026.
• Extended facility maturity by five years to August 3, 2031, under an amended agreement with Bank of America, N.A.
• Initial interest margin set at Term SOFR + 1.625% (or base rate + 0.625%) subject to financial covenants requiring a maximum leverage ratio of 3.50:1.00 and minimum fixed charge coverage of 1.50:1.00.

10-Q Financial Filing Analysis for The Hackett Group (2026-08-05)

The Hackett Group, Inc. reported its Q2 2026 financial results, with total revenue declining 12.2% year-over-year to $69.3 million compared to $78.9 million in Q2 2025. The contraction was primarily driven by elongated client decision-making cycles as enterprise customers assess the ROI of Gen AI-first adoption strategies. To adapt, the company incurred $0.5 million in restructuring charges during the quarter ($2.4 million year-to-date) related to workforce reductions aimed at realigning headcount with market demand and shifting delivery toward proprietary Gen AI platforms. Subsequent to the quarter on August 3, 2026, the company expanded its financial flexibility by amending its credit facility with Bank of America, extending its maturity and increasing borrowing capacity by $25 million to $125 million.

• Q2 2026 total revenue decreased to $69.3 million, down from $78.9 million in Q2 2025, due to elongated enterprise decision-making cycles around Gen AI.
• Restructuring expenses related to workforce reductions and the Gen AI strategic pivot totaled $0.5 million for Q2 and $2.4 million for the six-month period ended June 26, 2026.
• On August 3, 2026, the company amended its credit agreement with Bank of America, N.A., increasing total borrowing capacity by $25 million to $125 million and extending the maturity date.