HomeUSASolvd Acquires EastBanc Technologies

Solvd Acquires EastBanc Technologies

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Solvd

Solvd, a Walnut Creek, CA-based end-to-end software engineering company and technology consultancy, acquired EastBanc Technologies, a Washington, DC-based IT consultancy serving enterprise and government clients.

The amount of the deal was not disclosed.

With the acquisition, Solvd will further enhance its AI-driven strategy and new AI offerings.

Founded in 1999 and led by Wolf Ruzicka, Chairman, EastBanc Technologies is a software development provider creating technology solutions for customers worldwide in the commercial, enterprise andĀ federal, state and local government sectors.

Led by CEO Adam Gabrault, Solvd is an end-to-end software engineering and consulting company with over 800 employees located across Latin America, North America, and Europe. It delivers engineering and digital solutions to Fortune 500 clients across high-growth industries including financial services, retail & e-commerce, healthcare and life sciences, social media, software, and more. The services list covers all aspects and needs of modern businesses, including software product development, digital experience & design, DevOps & cloud, data, and AI/ML services.

Solvd also announced today that it is launching new service offerings that support an AI-driven digital future for clients at any stage of their current AI maturity journey. These offerings include:

  • Establishing an AI Acceleration & Center of Excellence that defines AI strategy, reference architecture, and building a 12-24 month roadmap
  • AI Maturity Index, identifying opportunities for AI activation within an organization
  • AI Innovation-as-a-Service, turning ideas into actionable MVPs to accelerate your AI journey

Solvd is a portfolio company of Siguler Guff, a global multi-strategy private market investment firm with over $16 billion of assets under management.

FinSMEs

07/10/2024

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