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Point recently announced the acquisition of Lumston, a Mexico-based software development firm that specializes in application development and digital transformation. This strategic international move was covered by several media outlets. Read on for brief summaries and links to the coverage.
Mergermarket: Point B aims for 2-3 more ‘tech-centric’ deals, executive says
Reporter
By James Ward in Charlottesville, Virginia
Point B, a private equity-backed management and technology consulting firm, remains acquisitive and could close more ‘tech-centric’ transactions in the next 2 to 3 years, said Sicely Donaldson, Interim Chief Growth Officer.
Seattle-based Point B wants to add “muscle and scale” through M&A, much like it did with its acquisition of Lumston, a Mexico-based software development firm specializing in application development and digital transformation. It was the Seattle-based company’s second acquisition under financial sponsor Endeavour Capital.
With artificial intelligence solutions rolling out across industries, Point B’s base of mid-sized customers is increasingly data focused and demanding “insights” into technology projects they are implementing, he said.
“Data play” targets – those that have “something to do with data,” would be a “logical extension of a technology strategy,” Harrison said.
Read more by subscribing to Mergermarket here.
Puget Sound Business Journal: Seattle tech consulting firm Point B makes cross-border acquisition
By Senior Reporter Rick Morgan
Seattle-based tech consulting firm Point B has acquired Lumston, a consulting firm based in suburban Guadalajara, Mexico.
Point B Interim Chief Growth Officer Sicely Donaldson said the company is keeping all 105 of Lumston's employees.
"They've grown very well known in Mexico with brands that you care about," Harrison said. "They're not well known in the United States. They haven't been able to penetrate the United States market, and they're hungry to do that."
Read more here.
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