M&A Deal Summary

10Pearls Acquires Proximity

On August 4, 2021, 10Pearls acquired software company Proximity

Acquisition Highlights
  • This is 10Pearls’ 1st transaction in the Software sector.
  • This is 10Pearls’ 1st transaction in Costa Rica.

M&A Deal Summary

Date 2021-08-04
Target Proximity
Sector Software
Buyer(s) 10Pearls
Deal Type Add-on Acquisition

Target

Proximity

San Jose, Costa Rica
Proximity is a software development company, with operations in Peru and resources from 8 countries in Latin America. The company provides turnkey agile software development, innovation services and technology taclent under the Nearshore modality. Proximity was founded in 2009 and is based in San Jose, Costa Rica.

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Buyer(S) 1

Buyer

10Pearls

Herndon, Virginia, United States

Category Company
Founded 2004
Sector Information Technology
DESCRIPTION

10Pearls LLC is a software application design and development company that helps businesses accelerate through digital. 10Pearls drives rapid execution through innovative, enterprise-grade digital solutions.


DEAL STATS #
Overall 9 of 14
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 9 of 14
Country: Costa Rica M&A 1 of 1
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Likeable

New York, New York, United States

Likeable is an iconic marketing and social media agency. Likeable was founded in 2006 and is based in New York City.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Xtensifi

Cumming, Georgia, United States

Xtensifi is a boutique digital consulting and software development firm focused on creating and bringing to market innovative digital financial solutions that help consumers and businesses manage their money, reach their financial goals and achieve success. The firm has provided strategy development and execution services to leading fintech organizations, banks, and credit unions. It designs next-generation user experiences, builds meaningful digital solutions and capabilities, and excels in integration and technical design. Xtensifi has created some of the most advanced digital platforms and cloud-native architectures as evidenced by awards, certifications, and accolades. Some of Xtensifi’s specialties include digital banking, payments, consumer and business banking, entitlement systems, cloud computing, analytics and reporting systems, application programming interfaces, systems integration, security, and banking compliance. Xtensifi was formed in 2009 and is based in Cumming, Georgia.

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