3Pillar Global closes third acquisition within year
Fairfax company's latest purchase expands European regional footprint
Fairfax-based product lifecycle management company 3Pillar Global Inc. has completed an acquisition of North Carolina-based software firm Software Development Europe, it announced Tuesday.
It’s the third acquisition for 3Pillar during the past year — part of a growth strategy fueled by an investment from New York-based private equity investor CIP Capital, according to 3Pillar.
The company, founded in 2006, purchased Costa Rica-based Isthmus Software in August, adding 200 employees, and Tempe, Arizona-based Tiempo Development in December, adding 400 employees.
The acquisition announced this week brings the company’s total employee count to more than 1,800 in six countries, it said.
3Pillar, whose clients include CARFAX, Fortune and PBS, also notes that the acquisition allows it to offer service around the clock to clients through Software Development Europe’s development centers in the Czech Republic.
“Combining the strengths of the Software Development Europe team with the skilled team at 3Pillar allows us to deliver expanded engineering excellence and development expertise to our clients,” CEO David DeWolf said in a statement.