Narayan AmmachchiNearshore software development and consulting services provider Gorilla Logic has announced that it has received an investment from private equity firm Sverica Capital Management LP.
The investment marks the ‘seventh platform investment from the fourth fund’, Sverica stated, without disclosing how much money it has invested in the IT consultancy.
Gorilla Logic is headquartered in Boulder, Colorado, but more than 200 of its 300 global workforce operate out of its software development center in the Costa Rican city of San Jose. It counts several large American companies – including NBC/Universal, Verizon Wireless, eBay, Frontier Airlines, and JPMorgan – among its clients.
Founded by Stu Stern and Ed Schwarz in 2002, Gorilla Logic seems to have made the most of agile software development methodology, a highly collaborative process requiring real-time communications between developers and clients. MonkeyTalk, an open-source tool for automated mobile and web testing, is one of its products.
“We believe Gorilla Logic is well-positioned for continued growth given the positive trends we see around the increasing proliferation and importance of software applications, digital transformation, and the adoption of DevOps and Agile software development methodologies,” said Frank Young, Managing Partner at Sverica.
“The Company’s longstanding relationships with blue chip enterprise customers signifies their ability to execute and truly become a strategic partner for the software development organizations they serve.”
With this new funding, Gorilla Logic would ‘enter into the next phase of growth’, says Stu Stern, CEO of the company.
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