Custom Software Development Merger and Acquisition: 10Pearls Acquires Whiz

Digital consulting firm 10Beads acquired hissinga software development company based in Peru, for an undisclosed amount.

This is technology M&A deal number 944 that ChannelE2E has covered so far in 2022. Discover over 2,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

10Pearls acquires Whiz

10Pearls, founded in 2004, is based in Vienna, Virginia. The company has 1,638 employees listed on LinkedIn. 10Pearls areas of expertise include mobile apps, enterprise and web app development, user experience and design, cybersecurity, product development, DevOps, offshoring, outsourcing, artificial intelligence, IT services, emerging technologies, staff augmentation, continuous security, technology partnerships, iOS, Android, software, web design and development, software development, cybersecurity, IoT, DevSecOps, audits technologies and processes and social media marketing.

Whiz, founded in 2017, is based in Lima, Peru. The company has 61 employees listed on LinkedIn. Whiz’s areas of expertise include digital platform development, information systems development, marketing, digital and e-commerce, search engine optimization, search engine monetization and nearshore.

The acquisition expands 10Pearls’ nearshore delivery capabilities, according to the company.

Whiz was co-founded by Javier Fernandez-Concha and Renzo Saravia. 10Pearls has announced that Javier and Renzo will join 10Pearls with their team of 125 contributors, expanding the company’s existing team in Peru.

This acquisition follows 10Pearls’ recent acquisitions of Latin America-based Pixel506, Proximity and ‎Xtensifi, which also expanded 10Pearls’ nearshore capabilities. The company now has delivery centers in Costa Rica, Peru and Colombia. Combined with delivery outside the United States, Canada and Pakistan, 10Pearls’ workforce now exceeds 1,500 people worldwide, the company said.

The company’s acquisitions, however, were not limited to Latin America. In 2020, the company also acquired Salesforce partner Zen Cloud Technologies.

10Pearls Acquires Whiz: Leadership Insight

Imran Aftab, CEO, 10Pearls

Imran Aftab, CEO of 10Pearls, commented:

“We are very pleased to bring Whiz, a young and dynamic, fast-growing company, into the 10Pearls organization. With this acquisition, 10Pearls is better able to meet the demands of businesses looking for options in this challenging economic climate. with the ability to effectively exploit nearshore, offshore and US resources.

In a joint statement, Whiz founders Renzo Saravia and Javier Fernandez-Concha said:

“Joining 10Pearls is an exciting step for Whiz as it gives us the global platform to continue our rapid growth and help businesses meet their digital technology needs more broadly. We are excited about this expansion and look forward to to rely on the great culture of 10Pearls, an important aspect behind our decision to join them.

Comments are closed.