Digital transformation service provider Grid Dynamics has acquired digital experience technology solutions company Mutual Mobile. The finanacial terms of the contract were not disclosed.
This is the 1,044th technology M&A deal ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.
Grid Dynamics acquires Mutual Mobile
Grid Dynamics, founded in 2006, is headquartered in San Ramon, California. The company has 3,139 employees listed on LinkedIn. Grid Dynamics areas of expertise include omnichannel, open source, catalog search, scalable systems, continuous integration and continuous delivery, CI/CD, application scalability, e-commerce, cloud services, customization, Oracle ATG, SOLR, SAP Hybris, quality control automation. , big data, release engineering and DevOps.
Mutual Mobile, founded in 2009, is headquartered in Austin, Texas. The company has 239 employees listed on LinkedIn. Mutual Mobile’s areas of expertise include emerging technology, iOS solutions, cross-platform development, Android app development, app testing and deployment, mobile design, mobile web, mobile QA, testing and deployment, mobile roadmap consulting, AR/VR, IoT, device connectivity and conversational design.
The acquisition will diversify its global customer base into technology, healthcare, automotive and financial services verticals and add approximately 200 employees to the combined company.
Grid Dynamics Acquires Mutual Mobile: Executive Perspectives
leonard livschitzCEO of Grid Dynamics, commented on the news:
“The acquisition of Mutual Mobile accelerates our strategic expansion in the India engineering market and further solidifies Grid Dynamics’ commitment to global growth. His technological leadership and deep engineering skills, particularly in the area of mobile technologies and UX expertise, will enhance our ability to mobilize highly-skilled teams to help our clients create innovative end-to-end digital solutions. With the acquisition of Mutual Mobile, we have continued to strengthen our position as a global technology company.”
john arrowCEO of Mutual Mobile, added:
“Partnering with Grid Dynamics empowers Mutual Mobile to offer our customers new solutions well beyond the realm of emerging technologies. Grid Dynamics’ immense service offerings mean our clients now have access to a powerhouse capable of delivering unmatched business results. Most importantly, we are joining an organization that shares our philosophy that incredible employees are paramount to unleashing incredible innovation.”