10Pearls Acquires Xtensifi to Expand its Portfolio of Development and Advisory Services for the Financial Services Industry
The company will bring its top consulting and engineering talent, along with best practices and methodologies within the financial services industry to 10Pearls.
WASHINGTON, Nov. 3, 2021 /PRNewswire-PRWeb/ -- 10Pearls, a digital product innovation and software development partner deepens its expertise in the financial vertical with the acquisition of Xtensifi based in Atlanta GA.
Xtensifi specializes in full life cycle strategy, design and development of digital experiences and innovative technology for the financial services industry including major banks, credit unions, and fintech firms. The company will bring its top consulting and engineering talent, along with best practices and methodologies within the financial services industry to 10Pearls. Brandon Kunz, CEO of Xtensifi will be joining 10Pearls as Managing Director, Financial Services.
This strategic acquisition is the third this year completed by 10Pearls as it continues its rapid growth trajectory. The acquisition of Xtensifi is focused on deepening and strengthening its financial services and banking industry expertise. Fintech firms continue to see record funding with $30.8B raised across 657 deals in Q2 2021 alone according to CB Insights. With the acquisition of Xtensifi, 10Pearls will be ideally suited to enable the success of these firms as well as financial institutions as they accelerate their investments in leading digital solutions.
"Xtensifi allows us to broaden our expertise in fintech innovation and onboard experienced leadership in the financial services business vertical " said Imran Aftab, 10Pearls CEO. "The wave of digital transformation in the finance sector has been nothing short of astounding, and it has been one of the fastest growing sectors for us in the last year. The rapidly changing financial ecosystem creates an opportunity for us to reimagine existing systems to truly innovate and build fantastic experiences for our clients. We are thrilled to welcome Brandon Kunz and his experienced team to lead our financial services delivery team."
With this third acquisition in 2021, 10Pearls now has over 1100 employees worldwide. Strategic acquisitions have helped 10Pearls provide higher value to its combined client base through diversified geographic delivery, focused business industry expertise and expanded digital capabilities. The acquisition of Proximity in August of this year strengthened 10Pearls' nearshore position with expanded capabilities and delivery teams across Latin America. In April, the acquisition of Likeable Media solidified 10Pearls' ability to go beyond technology development and allow for full digital touchpoints with the consumer.
Xtensifi was co-founded by David Eads, George Kelley and Brandon Kunz. The majority of their senior associates have 15-20+ years of experience in financial services and financial technology. Collectively, their team has defined and launched hundreds of digital financial solutions and features including award winning digital and payments solutions that have met the needs of tens of millions of people around the world.
"Xtensifi has long been a strategic partner to fintech organizations and financial institutions as they respond to increasing demand from consumers and SMEs for better and more meaningful financial solutions. 10Pearls will afford us greater scale on a global basis as we help our clients do the right things and do them exceptionally well," said Kunz. "This will help us drive convenient and competitive digital solutions for the end user and profitable grown for our clients. We are very excited to join the already talented leadership team at 10Pearls and begin the next chapter in our growth and success moving forward."
About 10Pearls:
10Pearls is a global digital product innovation and software development partner helping businesses leverage technology to re-imagine, digitize, and accelerate. They help customers digitize their existing business, build innovative new digital products, and accelerate existing teams with high-performance, agile technologists. 10Pearls adds value as a strategic digital solution provider to their diverse customers by bringing in product strategy, user experience & design, cyber security expertise, and top technical and data engineering talent. With over 1100 employees across the globe, they work with clients across industries, including healthcare, education, energy, communications, finance, real estate, and high-tech. The Washington Post calls them a double bottom line business that balances profits with social good. To learn more, visit https://10pearls.com.
About Xtensifi:
Xtensifi is a boutique digital consulting and software development firm focused on creating and bringing to market innovative digital financial solutions that help consumers and businesses manage their money, reach their financial goals and achieve success. Since 2009, Xtensifi has provided strategy development and execution services to leading fintech organizations, banks and credit unions. We design next generation user experiences, build meaningful digital solutions and capabilities, and excel in integration and technical design. We have created some of the most advanced digital platforms and cloud-native architectures as evidenced by our awards, certifications, and accolades. Some of Xtensifi's specialties include digital banking, payments, consumer and business banking, entitlement systems, cloud computing, analytics and reporting systems, application programming interfaces, systems integration, security, and banking compliance. To learn more about Xtensifi, visit https://xtensifi.com.
Media Contact
Asher Epstein, 10Pearls, 3015297124, [email protected]
SOURCE 10Pearls
