Software Mind, a global digital transformation partner with operations throughout Europe, the US and LATAM, is excited to announce its acquisition of number8, an American software development company that delivers cross-sector IT staffing and consultancy support. This is the fifth successful acquisition Software Mind has achieved since 2021 and reflects the company’s dynamic expansion and backing from Enterprise Investors, one of the largest private equity firms in Central and Eastern Europe.
Software Mind’s Chief Transformation Officer, Tomasz Kiser, responsible for mergers and acquisitions and post-merger integration, explains the vision behind this recent move. Over the last three years Software Mind has pursued an ambitious plan to increase its worldwide presence and enter new markets, driven both by organic growth and acquisitions of leading software development companies in Poland, Romania, Moldova and Latin America. Beyond further enriching our global team, this latest acquisition strengthens our position on the American market and makes US-based ventures just under 50% of Software Mind’s revenue.
Driven by tech and empowered by people, Software Mind provides companies with software engineers and autonomous, cross-functional development teams who manage software life cycles from ideation to release and beyond. For over 25 years they’ve been enriching organizations with talent that boosts scalability, drives growth and brings disruptive ideas to life. Acquiring number8 strengthens top-notch engineering teams who combine ownership with leading technologies, including cloud, AI, data science and embedded software to accelerate digital transformations and boost software delivery.
Based in Louisville, Kentucky and with offices in Costa Rica and Honduras, number8 has been empowering organizations with IT staffing and consulting services for 25 years. With a proven track record of boosting performance and accelerating time to market, number8’s Agile methodologies and staff augmentation have supported startups, Fortune 100 companies and international corporations across industries, including consumables, fintech, healthcare, professional services, retail and tech services.
For both companies, the acquisition creates new opportunities to diversify and develop. According to Grzegorz Młynarczyk, CEO of Software Mind, Software Mind is impressed with the range of skills, wide experience and demonstrable expertise of number8. The long-lasting relationships they’ve formed with US-based clients is a testament to the quality of their onshore and nearshore teams, who combine local presence and knowledge with highly scalable product engineering and consultancy capabilities. Integrating their specialists into our global team further diversifies our offer and enables us to deliver increased nearshore support for our clients in the Americas.
Oliver Ray, CEO and Managing Director of number8, shares Młynarczyk’s optimism. Becoming a part of a global software development company enables us to share our knowledge and experience with new markets and industries. Software Mind’s domain knowledge with emerging technologies provides great opportunities for internal development and external support. The evolution in capability Software Mind enables, both extends and enriches the vision David Easterling had when he founded number8 and which I’ve sought to continue. We’re excited to offer our clients access to Software Mind’s comprehensive offer, while enhancing Software Mind’s ability to work side by side with organizations in the US.
Software Mind’s first acquisition of an American-based software development company is the latest step in what has been, over the last three years, a dynamic growth plan. Along with augmenting its capacity with 330 experts, Software Mind will increase its US-based and nearshore talent pool and be able to better provide remote, hybrid and on-site support for companies at cost-effective rates.
Advisors on the transaction were, for Software Mind, Lippes Matthias and Deloitte, and for the owner of number8, Clearsight Advisors and Gray Ice Higdon.
About Software Mind
Software Mind provides companies with autonomous development teams who manage software life cycles from ideation to release and beyond. For over 20 years we’ve been enriching organizations with the talent they need to boost scalability, drive dynamic growth and bring disruptive ideas to life. Our top-notch engineering teams combine ownership with leading technologies, including cloud, AI, data science and embedded software to accelerate digital transformations and boost software delivery. A culture that embraces openness, craves more and acts with respect enables our bold and passionate people to create evolutive solutions that support scale-ups, unicorns and enterprise-level companies around the world.