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3Pillar Global Acquires Tiempo Development
Tiempo's more than 400 software engineers, product developers, and innovation strategists bring a proven track record of delivering high-performance digital solutions and agile outcomes for their clients.
FREMONT, CA: 3Pillar Global, a leading developer of innovative digital products, acquired Arizona-based software development firm Tiempo Development.
"Adding the Tiempo team is an important step in expanding our addressable market throughout the United States," said David DeWolf, CEO of 3Pillar Global. "The combination of our team's strong cultural alignment, shared Product Mindset, digital product development approach, and geographic footprint will move us towards enabling a globally distributed, continuous delivery model to better meet our client’s needs for continuous product innovation."
With three digital delivery centers across Mexico, Tiempo's acquisition augments 3Pillar's global footprint and enables enhanced data science, analytics, IoT, and cloud services. Tiempo's more than 400 software engineers, product developers, and innovation strategists bring a proven track record of delivering high-performance digital solutions and agile outcomes for their clients. 3Pillar's newly expanded global workforce will now exceed 1,600 team members across five countries.
"At Tiempo, we've prided ourselves on building high performing development teams in a nearshore business model that consistently delivers outstanding outcomes for our clients," said Cliff Schertz, CEO, and founder, Tiempo Development. "By joining forces with 3Pillar, our combined team will bring our clients a greater talent pool with a broader set of capabilities in a globally distributed delivery model."
This latest acquisition by 3Pillar is part of their rapid growth strategy, kicked off in early 2020 by an investment partnership with New York-based private equity investor CIP Capital and followed by the acquisition of Costa-Rican-based Isthmus Software. GLC Advisors, LLC acted as financial advisor to Tiempo on the transaction. To support this era of expansion and deepened client service capabilities, 3Pillar welcomed David Sawatzky to the team as Chief Delivery Officer, who will lead Tiempo's integration into the global 3Pillar brand.