Grid Dynamics expands Americas presence with Argentine software firm acquisition
CALIFORNIA, UNITED STATES — Grid Dynamics Holdings, Inc., a provider of technology consulting and digital engagement services, has announced its acquisition of Mobile Computing S.A., a software development firm based in Buenos Aires, Argentina.
This acquisition aims to bolster Grid Dynamics’ reach and effectiveness in serving enterprise clients, especially in sectors such as manufacturing, consumer packaged goods (CPG), and financial services.
Strategic expansion and service enhancement
By incorporating Mobile Computing’s skilled team, known for high-quality application development and user interface/user experience (UI/UX) services, Grid Dynamics expects to elevate its delivery model further, providing round-the-clock service for its clients across time zones. This addition expands Grid Dynamics’ workforce and offers its enterprise clients increased flexibility and capacity for digital transformation.
“Mobile Computing has a strong reputation as a trusted provider of top-tier engineering services, and I am extremely proud to welcome this high-performing team of professionals into our company,” said Leonard Livschitz, CEO of Grid Dynamics.
“By adding this talented team in Argentina, our clients now have expanded options in the Americas, complementing our established presence in the United States and Mexico. This acquisition also supports Grid Dynamics’ GigaCube growth strategy by offering our global enterprise clients expanded service capabilities and deeper industry expertise.”
Mobile Computing, on the other hand, brings significant expertise in UI/UX design, mobile app development, and software solutions. It operates under ISO 9001:2015 certification. By joining Grid Dynamics, the company will extend its reach and provide broader digital solutions, further cementing its reputation for reliable, top-tier engineering services.
“Joining forces with Grid Dynamics is an exciting next step for our company. We’ve built a strong reputation for delivering top-tier digital solutions and, by becoming part of Grid Dynamics, we can offer clients a broader range of services to enable their digital transformation on a global scale,” said Ignacio Garassino and Sebastian Wainztein, Co-CEOs of Mobile Computing in a joint statement.
Financial overview and market position
Grid Dynamics, headquartered in San Ramon, California, is renowned for its expertise in technology consulting, platform and product engineering, artificial intelligence (AI), and digital engagement. It currently employs over 3,500 professionals.
The company, with a reported annual revenue of $312.9 million in 2023, will integrate Mobile Computing’s $22 million revenue operation into its portfolio.
