Clearsight Advisors, Inc. (Clearsight) is pleased to announce another successful transaction in its market-leading Digital Transformation practice. Clearsight served as the exclusive strategic and financial advisor to Gorilla Logic, LLC (Gorilla Logic) in its growth investment from Sverica Capital Management.
Founded in 2002, Gorilla Logic provides custom digital product development services and is based in Boulder, CO, with a nearshore software development center in San Jose, Costa Rica. The company employs over 350 consultants offering end-to-end software development capabilities. Gorilla Logic partners with U.S. enterprises to build mission critical digital products and accelerate their time to market with purpose-built Agile software development teams.
The companys capabilities include UI/UX design, front and back end development, DevOps, QA, Security, IoT, and Big Data for both web and mobile applications, with a cloud-native approach as an Amazon Web Services (AWS) Consulting Partner and Microsoft Azure Cloud Solutions Provider (CSP).
Gorilla Logic Co-Founder and CEO Stu Stern remarked, We met with multiple investment banks and selected Clearsight due to their deep understanding of the Digital Transformation market and track record of success. Clearsights competitive process generated multiple attractive options for us and we are excited to partner with Sverica to help the company reach the next level of growth. The entire Clearsight team provided us with significant leverage and sound advice throughout the process and was critical to this successful outcome. I would absolutely recommend Clearsight to anyone considering a M&A transaction.
Sverica Capital Management invests in leading growth-oriented companies with recurring/repeatable revenue or replicable unit economics models. In evaluating new investments, Svericas focus is on a companys reputation with its customers, employees, suppliers, and its potential for growth and development.
Clearsights Head of Digital Transformation practice, Philo Tran, said of the investment, Stu and Ed have built an innovative digital product development firm with an attractive value proposition driven by world-class software development consultants in Costa Rica. We are seeing significant increase in demand for near shore product development capabilities. Were thrilled to have had the opportunity to work with Stu and Ed to facilitate this transaction and look forward to watching the company continue to thrive in partnership with Sverica.
Clearsight Vice President Alex Johnston added, Gorilla Logic offers modern cloud-native development capabilities, delivered seamlessly by Agile teams in Costa Rica “ this is a winning combination that clearly resonates with customers aiming to accelerate their digital agendas. We are thrilled for Stu, Ed, and the management team to embark on the next phase of their growth journey with a strong partner in Sverica.
About Clearsight Advisors
Clearsight Advisors is an independent merchant banking firm dedicated to providing world-class M&A and capital raising solutions exclusively to growth-oriented Business Services and Technology companies. Clearsight combines deep market insights across software, services, and data. This market knowledge, combined with superior strategic and financial advice, allows Clearsight to act as a catalyst, enabling entrepreneurs, private equity owners, and Boards of Directors to successfully advance their vision. Clearsight Capital Advisors, Inc., a wholly owned subsidiary, is a registered member of FINRA & SIPC. For more information visit www.clearsightadvisors.com.
Clearsight Advisors, Inc.
Cortney McCoy, 703-672-3390