Digital consulting 10 pearls has acquired squeala software development company based in Peru, for an undisclosed amount.
This is the 944th tech M&A deal that ChannelE2E has covered through 2022. Check out over 2,000 technology M&A deals involving MSPs, MSSPs, and IT service providers listed here.
10Pearls acquires Whiz
Founded in 2004, 10Pearls is headquartered in Vienna, Virginia. The company has 1,638 employees on LinkedIn. 10Pearls’ areas of expertise include mobile applications, web and enterprise application development, user experience and design, cybersecurity, product development, DevOps, offshoring, outsourcing, artificial intelligence, IT services, emerging technology, augmentation staffing, continuous security, technology partnerships, iOS, Android, software, website design and development, software development, cybersecurity, IoT, DevSecOps, technology and process audits, and social media marketing.
Founded in 2017, Whiz is based in Lima, Peru. The company has 61 employees on LinkedIn. Whiz’s areas of expertise include digital platform development, information systems development, marketing, e-commerce and digital, 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 announced that Javier and Renzo will join 10Pearls along with their team of 125 collaborators, 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 to the United States, Canada and Pakistan, 10Pearls’ workforce is now more than 1,500 worldwide, the company said.
However, the company’s acquisitions have not been limited to Latin America. In 2020, the company also acquired Salesforce partner Zen Cloud Technologies.
10Pearls acquires Whiz: Leadership Insight
Imran Aftab, CEO of 10Pearls
Imran Aftab, CEO of 10Pearls commented:
“We are very excited 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 companies looking for optionality in this challenging economic climate with the ability to efficiently utilize onshore, offshore, and U.S. resources.”
In a joint statement, Whiz founders Renzo Saravia and Javier Fernández-Concha said:
“Joining 10Pearls is an exciting milestone for Whiz as it gives us the global platform to continue our rapid growth and help businesses more broadly with their digital technology needs. We are excited about this expansion and we look forward to building on the great culture of 10Pearls, an important aspect behind our decision to join them.
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